Personal BankingEquitable Savings & Loan believes banking should be more then just a business. Check out our lineup of deposit products.
Lock in your market rate of return for terms of 90 days up to five years. Within that 90-day to five-year span, you can "pick your term" so that your CD matures on the exact date that is best for you. The CD minimum deposit varies with the term and balance.
Many taxpayers are eligible to make tax-deductible contributions to Individual Retirement Accounts (IRAs). Taxable income may be reduced by the amount that is contributed, providing a sizeable tax savings while building a secure retirement.
Even if contributions are not deductible, deposits may be made to a Roth IRA. Earnings on these deposits are not taxable as income.
Is your IRA maturing at another bank? Or are you leaving your current employer? Let us help you with a Transfer IRA or Rollover IRA.
This is like Checking with Interest, only it pays higher interest. Unlike Checking with Interest, however, the number of withdrawals is limited by government regulation to six per month. Withdrawals in person, by mail or messenger are unlimited. $2,500 minimum to open; $2,500 minimum balance to avoid service charge; interest is paid while the daily balance is $2,500 or more. There is a charge of $10 per excess withdrawal.
Unlike most banks, we give you a choice of two basic savings accounts – Statement Savings and Passbook Savings. With Statement Savings, a quarterly statement is issued to you. With Passbook Savings, your Passbook is updated each time a withdrawal or deposit is made; both types of accounts earn daily compounded interest from the date of the deposit to the date of the withdrawal.
This account normally steps up the interest you would receive over a Statement Savings or Passbook Savings account. You have withdrawal privileges without penalty if you make your withdrawals during the first five business days of any calendar quarter. This account will normally pay an interest rate in excess of our regular Passbook. A substantial penalty applies to early withdrawal on the Passbook Plus Savings Account.