Equity Bank

Overview / Commentary
345 North Andover Road
Andover, KS 67002

Equity Bank is headquartered in ANDOVER and is the 4th largest bank in the state of Kansas. It is also the 278th largest bank in the nation. It was established in 1985 and as of December of 2023, it had grown to 713 employees at 66 locations. Equity Bank's money market rates are 7X the national average, and it has a B+ health rating.

Reviews (5)

Great Rate But Difficult To Close Money Market Account

Posted by: |

I discovered their Luminary Money Market account and invested in 2023. It was quite easy to open the account and to set up online transfers; however each ACH transfer from their platform costs $2.55 which is quite unusual. I asked for a set of checks and they sent a very generous supply.
My wife and I agreed that all our accounts should be JOINT and there was no way to convert my MMA with them to a joint account, so I called to close it. I was told to move all the funds out and then call to close the account, which I did. However I got a letter in the mail that I had overdrawn by $2.55 - the ACH transfer fee - so I had to mobile deposit a check. I messaged them asking to close the account and was told they would. However the account stayed open with $1.73 interest added and a $10 monthly below-balance service charge added. Calling a 3rd time they waived the $8.27 deficit and finally closed the account!
If I had been able to make it a joint account, I would have kept it and enjoyed the flexibility of occasionally writing large value checks on it at times that I would not want to charge my regular checking account.
They now offer a Surge MMA with 5.35% APY which is quite good.

Great regional bank.

I originally was a customer of this bank when they were still called First Community Bank. Since the bank was changed, they have become more modernized and efficient. I am able to check my balances and make account changes online without issue. They are also very responsive to phonecalls and emails. In person the staff is very friendly and helpful. The only downside is they still lack some of the features that other banks have. My wife and I both have checking and savings accounts with Equity. I have used both accounts for many years and have no issues with depositing or withdrawing money. I love that the website shows when money is scheduled to be posted to the account and when it is to be withdrawn. There are no hidden fees or extra service charges with our accounts so we don't have to worry about using the debt card we have. Also the theft prevention is a great feature and we can instantly dispute any transactions that are fraudulent and they also will contact you should unusual activity occur. I have been using direct deposit with this bank for years and have never once had an issue with money being added to the account.


BEWARE of THIS bank in Guymon, OK. DO NOT BANK HERE if you value security over your account. We are currently going through a family member having almost $5,000 fraudulently taken out of her account...and we are talking 21 transactions PER DAY by the SAME culprit in California for multiple days. Um, red flag?? This bank will blame their hired security company that is located states away and you will be told to just call "them." AND what is so shocking is to now discover they have allowed fraudulent transactions to CONTINUE to come out (by the same culprit) after the card/account was reported of fraudulent activity. I have lived all over the U.S. and banked all over and this is BY FAR THE WORST BANK and customer service I have ever encountered. Save yourself unnecessary stress and know that your hard earned money IS NOT SAFE HERE! If zero stars were possible, that would have been my rating.

Beware Of Your Loan Balance!

Posted by: |

Beware of your loan balance. Equity Bank uses Interest 9 or I9 software to calculate their loan balances. This was found by a court of law to be flawed and charges additional interest. Even though we questioned the payoff of our loan on multiple occasions, Equity Bank did not even do the math to determine why we questioned the payoff. We had to go all the way to trial before they admitted the mistake.

Rude Customer Service At Bank Locations And A Catch 22 On Home Equity Loans

Posted by: |

At Equity Bank they will never let you "pay off" your home equity in full. There is always a residual interest amount. No matter how many times you try to pay off the loan and who you talk to- it doesn't matter. I have now tried to pay off my home equity loan in full twice and they are again telling me that I owe interest on my $0 balance.
So I'm trying to close my account out and they took more interest as "payment" out of my checking account.
The location agents and managers know nothing about customer service and chose to argue with the customer instead of providing a break down of the information to find the root cause of the issue. I CANNOT WAIT to be done with this bank. Don't EVER use them.


Health Grade Components

FDIC Certificate #25858
Year Established1985
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.91%
Annual Interest Income$246.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$5.03B$4.98B
LoansQ4 2023vs Q4 2022$3.29B$3.27B
DepositsQ4 2023vs Q4 2022$4.16B$4.26B
Equity CapitalQ4 2023vs Q4 2022$531.3MM$490.8MM
Loan Loss AllowanceQ4 2023vs Q4 2022$43.5MM$45.8MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$18.2MM$15.8MM
Real Estate OwnedQ4 2023vs Q4 2022$1.8MM$4.4MM
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Equity Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Equity Bank Savings Account Rates

0.05%--Equity ECO Savings
0.05%--Christmas Club Savings
0.03%--Health Savings Account

Equity Bank Money Market Rates

3.01%*$100k*-Prestige Money Market
OTHER TIERS: 0.05% Up to $25k | 0.50% $25k - $100k
2.01%*$100k*-Chrome Money Market Special-New Money
OTHER TIERS: 0.05% Up to $25k | 0.50% $25k - $100k
1.01%*$100k*-Titanium Money Market Special - Ney Money
OTHER TIERS: 0.05% Up to $25k | 0.50% $25k - $100k
0.10%*$25k*-Ignite Money Market
OTHER TIERS: 0.05% Up to $25k

Equity Bank Checking Account Rates

0.05%--Community Checking
0.05%--Preferred Checking
0.03%$1k-Sole Proprietor Checking

Equity Bank CD Rates

3.60%$1k-13 Month CD Special - New Money
3.25%$1k-22 Month Two Step CD
2.41%$1k-19 Month CD Special - New Money
1.11%$1k-7 Month CD
0.75%$1k-25 Month CD
0.25%$1k-2 Year CD
0.25%$1k-3 Year CD
0.25%$1k-4 Year CD
0.25%$1k-5 Year CD
0.25%$1k-59 Month CD
0.15%$1k-1 Year CD
0.10%$1k-6 Month CD
0.05%$1k$250k90 Day CD


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.