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.
- $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.
- Equal Exchange, Inc. is not affiliated with Eastern Bank.