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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.
 

• $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 CD Rate

Term

APY*

Interest Rate

Method of Compounding

Minimum Opening Deposit

3-year Business CD

0.40

0.40

Monthly

$500

* Annual Percentage Yield (APY) is accurate as of 3/14/13 and is subject to change at any time. Minimum balance to obtain APY is $10.00. Substantial penalty for early withdrawal. Fees may reduce earnings.



Account Fees 

Monthly fee $0
Minimum balance to waive fee N/A

Manage your day-to-day finances with these products

 

Eastern Bank Business Checking
Your checking account is key to your banking relationship. We offer a wide range of affordable and convenient accounts to meet the needs of businesses of all sizes.


Eastern Bank Debit MasterCard BusinessCard®

Simplify business purchasing and improve expense tracking with this convenient card. You’ll reduce the need to carry cash or checks and can take advantage of valuable business and travel services. And of course, you can use it to make transfers and do your banking 24/7.

 

Eastern Bank online banking with bill pay
Stay in control of your business finances 24/7. You can pay bills, make loan payments, view transactions and balances, check images, transfer funds and more – from anywhere you have Internet access.

 

Eastern Bank Rewards BusinessCard Credit Card
Earn cash back on all your business purchasing, plus access your account online to easily track and manage expenses anytime it’s convenient for you. No annual fee.



For more information on how to open an Equal Exchange CD, email us or call Shirley Gillen at (617) 897-1023.



 


 

 

 






 

 

 

 

 

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