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Charter One Bank

Charter One was acquired by Citizens Financial Group on August 31, 2004, and is now an operating entity of that company.  The roots of Citizens Financial group can be traced back to 1828, when it opened as a small community bank—known as High Street Bank—in Providence, Rhode Island.

With more than $155 billion in assets, Citizens Financial Group is now the 8th largest commercial bank holding company in the United States. Owned by RBS, The Royal Bank of Scotland Group plc, Citizens Bank now has branches in 13 states, including Connecticut, Delaware, Illinois, Indiana, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania and Vermont.

Consolidate your debt and lower your monthly payments now >>

For those consumers considering consolidating—and eliminating—their high-interest credit cards and other debt, Citizens Bank offers several lending products and services to meet your needs.  Features and benefits of these programs include:

Home Equity Loan

  • Fixed interest rate with fixed monthly payment;
  • Flexible repayment terms;
  • Interest rate is lower than on most other loans;
  • The interest may be tax-deductible (consult your tax advisor);
  • No application costs, no closing costs or annual fees;
  • Repayment terms from three to 20 years;
  • May receive lower rates for choosing the auto-payment, from your Citizens Bank checking or savings account;
  • Receive funds in one lump sum;
  • Borrow up to 100% of your equity, less outstanding first mortgage balance.

The rate table below reflects the interest rates currently offered by Citizens Bank, and are subject to change at any time, without notice.  Contact a Citizens Bank Loan Specialist for the most current rates and terms available.


Loan Amount


Payment Amount Per $1,000 Borrowed

 3 Years




 5 Years




 10 Years




 15 Years

  $10,000 - $99,999



 15 Years




 20 Years

  $10,000 - $99,999



 20 Years




 30 Years




Citizens Bank Home Equity Line of Credit

  • Variable interest rate, based on the Prime rate;
  • Only pay interest on the amount you use,  or pay principle to continue re-using the funds in your line (up to your credit limit);
  • Interest may be tax deductible (consult your tax advisor);
  • Access funds easily, by using provided checks;
  • Borrow up to 100% of your equity, less outstanding first mortgage balance.

Consolidate your debt and lower your monthly payments now >>

* Debt Basics is not a lender or broker. We provide information and research on debt help and debt consolidation. Product and service offerings differ by state.