Frequently Asked Questions
- How do I open a Certificate of Deposit (CD)?
- What are your current CD rates?
- What is the minimum opening deposit for an Equity Bank CD?
- Can I make deposits to the CD?
- Are there any fees to open or maintain a CD?
- Can I make a withdrawal(s) from my CD before maturity?
- When is interest posted?
- How do I receive my funds at maturity?
- Do you offer IRA's?
- Is Equity Bank Insured by the FDIC?
How do I open a Certificate
of Deposit (CD)?
Come by one of our branches or
call one of our helpful Deposit Account Specialists for specific
instructions for other alternatives.
What are your current CD rates?
Our current deposit rates can be found on our website or you can
call one of our branches and talk to a Deposit Account Specialist.
What is the minimum opening deposit
for an Equity Bank CD?
$1,000.00
Can I make deposits to the
CD?
Additions to a CD can be made on maturity date or within the 10 calendar
day grace period.
Are there any fees to open
or maintain a CD?
No.
Can I make a
withdrawal(s) from my CD before maturity?
There will be an early withdrawal penalty if any withdrawals are made
before maturity. Please call one of our Deposit Account Specialists
for more information.
When is interest posted?
Interest is accrued daily and compounded monthly or quarterly, depending
upon the term of your certificate of deposit.
How do I receive my funds at
maturity?
Bring your certificate of deposit to one of our branches or call a
Deposit Account Specialist for further instructions.
Do you offer IRA's?
Yes. We offer Traditional and Roth IRA's.
Is Equity Bank insured by the
FDIC?
Yes. Equity Bank is fully insured by the FDIC.