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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 Personal 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

More options to manage your day-to-day finances more easily


Eastern Premier® Checking
Enjoy the privileges of our highest-level relationship account, including fee waivers, preferred rates, and absolutely no account fees when you maintain a $25,000 combined balance.


Investments
We offer a full range of investment options to meet your short-term and long-term savings goals through Eastern Wealth Management.



 
 





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.