KNOWLEDGE BASE

How do I lock/unlock a fixed rate option from my home equity line of credit?

If you'd like to manage your fixed rate options, just follow these steps:

Online banking steps:

For the best online banking experience, we recommend logging in at usbank.com.

  1. From the Manage account menu (located on the left once logged in) select Lock or unlock a fixed rate.
    • If the Lock or unlock a fixed rate option doesn't display, you'll need to visit your local branch or give us a call at 800-USBANKS (872-2657). We accept relay calls.
  2. Select Manage rates.
  3. From the Calculate your payment screen, choose to unlock any fixed rate options you may currently have, and/or choose from the options to create your new amount and term to lock.
    • If you are advancing funds you will be prompted to choose the U.S. Bank account the funds are to be deposited into.
  4. Select Calculate payment. The following screen gives a preview of the new payment under the terms and conditions that were selected.
  5. Select Continue to reach the confirmation page where you may confirm or cancel the fixed rate option request.

U.S. Bank Mobile App steps:

For the best mobile banking experience, we recommend logging in or downloading the U.S. Bank Mobile App.

  1. Select your Home equity line of credit from the main menu.
  2. Select Manage rates.
    • If the Lock or unlock a fixed rate option doesn't display, you'll need to visit your local branch or give us a call at 800-USBANKS (872-2657). We accept relay calls.
  3. From the Calculate your payment screen, choose to unlock any fixed rate options you may currently have, and/or choose from the options to create your new amount and term to lock.
    • If you are advancing funds you will be prompted to choose the U.S. Bank account the funds are to be deposited into.
  4. Select Calculate payment. The following screen gives a preview of the new payment under the terms and conditions that were selected.
  5. Select Continue to reach the confirmation page where you may confirm or cancel the fixed rate option request.