Personal Products & Services at a Glance

All loans are subject to credit review and approval. Property insurance required for all loans secured by real estate. Rates are subject to change daily. Contact your Old National Banker or Residential Lender for current loan rates. NMLS #459308.

¹ Rates, terms, and conditions effective 12/19/2024 for applications received through 2/28/2025. Subject to credit approval. Property insurance is required for all loans secured by real estate. Rates are subject to change daily. Contact your Old National Banker or Residential Lender for current loan rates. NMLS #459308.  Other restrictions may apply, see bank for details. The line of credit has a draw period of 10 years, after which you will no longer have access to borrow funds and will be required to repay the borrowed balance within a 20-year term. During the draw period there is an introductory variable rate discount in effect for the first 6 billing cycles, based on a 1.50% discount resulting in an APR of 1.65% below the prime rate as published in the Wall Street Journal. After the introductory period expires, the variable rate for the account will be based on The Wall Street Journal prime rate (plus or minus a margin) which is currently 7.10%. During the repayment period the rate will be fixed based on the rate at the end of the draw period plus a margin which is currently 3.00%. APR examples provided above are based on the highest credit tier with an LTV of 60% or less and includes an optional 0.25% rate reduction available at origination for enrolling in automatic loan payments drawn from an ONB checking account. ONB associates may select the associate discount or Private Banking discount, not both, in addition to the promotional discount. Maximum APR is 21%, minimum APR is 0.99%. The initial $50 annual fee is waived. During the draw period the minimum monthly payment will be equal to the interest that accrued on the outstanding balance during the preceding billing cycle or $50, whichever is greater. During the repayment period the minimum monthly payment will be based on the balance at the end of the draw period amortized over 20 years or $50, whichever is greater. If you close or refinance your line of credit within 3 years, a Reimbursement fee will be assessed for the lesser of $300 or the amount paid to third parties to recover the closing costs paid on your behalf plus, in MN, the Mortgage Registry Tax (MRT) or Deed Stamp Tax paid on your behalf where applicable. Old National reserves the right to extend or discontinue this offer at any time. Equity Access Cards are not available to Kentucky residents.
² TO QUALIFY FOR THE $450 CASH BONUS:

1. Open an ONB Preferred or Everyday Checking account with a minimum deposit of $50 between 1/16/2024 and 1/31/2025 online or at any Old National banking center. Account must be opened for minimum of 120 days.
2. Complete at least 2 qualifying ACH direct deposits totaling $10,000 or more within the first 90 days of account opening.
3. The ONB Preferred or Everyday Checking account must be open with a balance greater than $0 and in good standing at the time the cash bonus is paid.

TO QUALIFY FOR THE $250 CASH BONUS:

1. Open an ONB Preferred or Everyday Checking account with a minimum deposit of $50 between 1/16/24 and 1/31/2025 online or at any Old National banking center. Account must be opened for minimum of 120 days.
2. Complete at least 2 qualifying ACH direct deposits totaling $3,000 or more within the first 90 days of account opening.
3. The ONB Preferred or Everyday Checking account must be open with a balance greater than $0 and in good standing at the time the cash bonus is paid.

Offers are not available for clients with an existing Old National personal checking account (including owners on joint accounts), personal checking accounts closed within the last 120 days, or Old National employees. Qualifying ACH direct deposit includes electronic direct deposits of a paycheck, pension payment, social security payment or other government benefits payment deposited into the checking account from an employer, a government agency, or other similar third-party organization. Deposits made by teller/ATM/mobile deposits, wire transfers, transfers between Old National accounts, external transfers from other accounts at other financial institutions, or Peer to Peer (i.e. Zelle, Venmo) transfers do not qualify. Limit one cash bonus per eligible checking account. In addition, limit one cash bonus regardless of the number of checking accounts opened. Recipient(s) (customer SSN) of cash bonus shall not be eligible to receive a cash bonus on any other checking account. The checking account must be open with a balance greater than $0 and in good standing at the time the bonus is paid. The cash bonus will be credited to the Old National personal checking account approximately within 120 days from account opening. Bonus may be reported on IRS Form 1099-MISC. Old National reserves the right to discontinue offer at any time. Not valid with any other Old National offer.

ONB Preferred Checking is an interest-bearing account, the interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account periodically. Interest begins to accrue no later than the business day we receive credit (collected funds) for the deposit of noncash items (for example checks). If the account is closed before interest is credited, you will not receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the Collected Balance in the account each day. The current APY for ONB Preferred Checking accounts is 0.01% on account balances in all balance tiers. Fees may reduce earnings on this account.