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Rates effective as of May 12, 2020

Deposit rates featured are accurate as of publication date and subject to change after accounts are opened. Fees could reduce the earnings on the account. Accounts may be subject to additional qualifications. Minimum deposit to open account is $100, except the Ignite Money Market account that has a minimum opening balance of $1,000, and the Equity Platinum Money Market account that has a minimum opening balance of $5,000. Contact your local Equity Bank with questions.


Checking & Savings


Average Daily Balance Required to Obtain APY 1 APY 1
Equity Gold Checking
$0 and greater 0.01%
Equity Platinum Checking2  
$0 - $25,000.00  
$25,000.01 and greater
0.03%
0.05%3
Community Checking
$0 - $4,999.99  
$5,000.00 and greater
0.01%
0.01%
Sole Proprietor Checking  
$1,000.00 and greater 0.01%
Equity ECO Savings
$0 and greater 0.04%
Platinum Money Market
$0 - $24,999.99  
$25,000.00 - $49,999.99  
$50,000.00 - $99,999.99  
$100,000.00 and greater
0.05%
0.10%
0.10%
0.10%
Ignite Money Market 
$0 - $24,999.99 
$25,000 and greater
0.05%
0.10%

1   Annual Percentage Yield  

2   Accountholder must conduct at least 10 debit card transactions per statement cycle to earn the 0.03% APY for the $0-$25,000.00 tier. Each debit card transaction must be hard-posted to the account to be included in the 10 required per statement cycle. ATM transactions do not qualify as debit card transactions. Accountholder must enroll in online banking within 10 days of account opening and register for e-statements. If account requirements are not met, the account reverts to a fallback APY of 0.01% for all balances maintained in the account. Additionally, customers are limited to only one Equity Platinum Checking account.

3   The APY that will be paid for only that portion of the daily balance that is greater than $25,000.00 is 0.05%. The APY for this tier will range from 0.03% to 0.05% depending on the balance in the account.

The rate may change after the account is opened. Fees could reduce earnings on account.

Public fund customers are not eligible for the above checking, savings, or money market rates. Please contact us for a rate quote.

 

Certificates of Deposit

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Minimum Opening Deposit APY5

90 Day CD

$1,000.00 0.05%

6 Month CD

$1,000.00 0.10%

1 Year CD

$1,000.00 
0.15%

2 Year CD

$1,000.00 
0.25%

3 Year CD

$1,000.00 
0.25%

4 Year CD

$1,000.00 
0.25%

5 Year CD

$1,000.00 
0.25%

13 Month CD

$1,000.00 
0.50%

Two Step CD (22 Month)6

$1,000.00 
0.20%

5 Annual Percentage Yield (APY) assumes principal and interest remain on deposit for the term of the certificate. Certificates that receive interest payments by check will have a reduction in the interest rate of 0.25%. Certificates with a term of under 12 months are not eligible to have interest payments by check. Penalty will be imposed for early withdrawal. Fees could reduce earnings on the account. Refer to disclosure for full details.

6 Upon request, rate will “step up” to currently paid rate for standard 24-month time deposit published on this rate sheet. Public fund customers are not eligible for the above checking, savings, money market or CD rates. Please contact us for a rate quote.

Rates current as of May 12, 2020 and are subject to change at any time. For questions, contact a Customer Service Representative.

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