Dedicated to Deposits: Deals, Data, and Discussion

5.60% 7-Month CD at a Texas Bank (Equity)


Equity Bank is advertising a 5.60% APY 7-month certificate of deposit. The minimum opening deposit is $1,000. This special is not listed at the bank's website. It was advertised in today's Dallas Morning News. The ad is available online here.

The bank is located in Dallas, Texas. Their phone number is 214-237-3170. According to their website, two of their branches have been acquired by Franklin Bank.

The bank is FDIC insured. The sell-off of their two branches may be an indication of some weakness. This is also supported by their 2 out of 5 safe-and-sound rating at (below industry average).

Thanks to the reader who mentioned this special in the finding deals post.