Dedicated to Deposits: Deals, Data, and Discussion

3.75% 12-Month / 3.50% 6-Month CD at a Texas Bank (Equity)

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Equity Bank is advertising a 3.75% APY 12-month CD and a 3.50% APY 6-month CD. The minimum deposit is $1,000. These rates don't seem to be listed at the bank's website. They were advertised in today's Dallas Morning News. The ad is available online here.

My last report on this bank was in January when they were offering a 12-month and 7-month CD with yields around 5%. A reader mentioned that he was able to open up a CD by mail last year. Applications are available here. Since lower rates are listed on the website, be sure to contact the bank to verify these advertised CD rates are available for those outside Dallas.

The bank has two branches in Dallas, Texas. It was established in 1981 and is FDIC insured (FDIC Certificate # 23498). Equity Bank has a 2 out of 5 star rating (below peer group) at Bankrate.com based on 12/31/07 data.

  Tags: CD rates, Texas

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