Equal Exchange CD

Eastern Bank has partnered with Equal Exchange Co-op1, a Fair Trade coffee, tea and chocolate merchant to offer a special 3-year CD.  If you are looking to earn a competitive CD rate while helping Equal Exchange provide over 30 farmer cooperatives in 16 countries with a fair price for their crops, this is the option for you.

Features and Benefits
  • $500 minimum to open.
  • 36 Month Term.
  • Guaranteed fixed rate for the entire term.
  • Each Equal Exchange CD increases the available funds in a line of credit used by the Equal Exchange Co-op to purchase Fair Trade coffee, tea, and cocoa.*
  • For more information, visit the Equal Exchange Co-Op website.

 

* By participating in the Equal Exchange CD program, you are pledging your CD as collateral for a loan that the Bank is making to the Equal Exchange Co-op.  If Equal Exchange Co-op defaults on its loan to the Bank, the proceeds in your Equal Exchange CD will be used by the Bank to cover any outstanding obligations of Equal Exchange Co-Op under its loan. Therefore, you could lose some or all of your money if Equal Exchange Co-op defaults on its loan.

  1. Equal Exchange, Inc. is not affiliated with Eastern Bank.