Savings Services

A deposit with Equitable Bank offers you growth and security. We're here to help you begin saving for your future with variable investments that suit your lifestyle today and tomorrow. At Equitable, when you deposit, we return.

Statement Savings | Christmas Club Savings | Nebraska Long Term Care Savings Plan

Health Savings Account | Certificates of Deposit | Money Market Deposit Account

Individual Retirement Accounts | CDARS | Access Online Statements

Statement Savings

A basic interest-bearing savings account.

• $50.00 Opening Deposit
• No monthly service charge
• Accounts insured by FDIC to applicable limits
• Interest compounded daily, paid quarterly
• Six transfers or withdrawals per month
• Unlimited transfers for loans and associated expenses to Equitable, in-person transfers between accounts, or cash withdrawals
• ATM card available ($2.00 foreign ATM charge)

In accordance with regulations, Equitable Bank reserves the right to require at least seven days notice prior to withdrawal or transfer of funds from savings accounts.

Christmas Club Savings

A simple way to save money for the holidays.

• $50.00 Opening deposit
• No monthly service charge
• Accounts insured by FDIC to applicable limits
• Interest paid at maturity (October 15th, annually).
• Account balance paid at maturity (October 15th, annually)

Nebraska Long Term Care Savings Plan

The Nebraska Long Term Care Savings Plan (LTCSP) provides a new option for long-term care planning. While other states have offered tax deductions for long-term care expenses, Nebraska is the first in the nation to offer tax incentives to save and pay long-term care expenses - including long-term care insurance premiums.

The LTCSP allows you to deposit as much as $165,000 per person into a tax-free savings account, with the added benefit of an annual tax deduction.

Monies deposited into your account will accrue interest, tax-free, until withdrawn:

• At any age, as long as it is used for long-term care needs
• At age 50 or above for long-term care premiums
• When transferred to a beneficiary after death

Funds may also be transferred to a spouse or anyone in whom the participant has an insurable interest.

Health Savings Account

Health Savings Accounts, or HSAs, were created by Congress to combat rising medical costs. An HSA is an IRA-like account that is designed exclusively for covering medical expenses incurred by the HSA account beneficiary (the person who establishes the account) and his/her dependents. HSAs can provide significant tax benefits to eligible individuals. Not only can HSAs provide tax benefits related to paying qualified medical expenses, they may also provide benefits similar to many tax-favored retirement plans. A summary of HSA tax advantages is shown below:

• HSA contributions — by employer or employee — are excluded from income
• HSA earnings are tax deferred.
• If used for qualified medical expenses, HSA assets are never taxed
• Unused HSA assets may be used for retirement; however, they will be subject to a 10% penalty until the HSA beneficiary turns age 65. If not used for medical expenses, they will be subject to income tax
• Upon death, HSA assets become the property of a named death beneficiary, or of the HSA account beneficiary's estate. A spouse may treat the assets as his/her own HSA while non-spouse beneficiaries must treat such assets as ordinary taxable income

Certificates of Deposit

When you invest your money with Equitable Bank, you're investing in your hometown. Equitable is your local financial institution, offering a strong financial base with the security you need. Whatever your investment goals, Equitable has a safe and solid investment opportunity to match. Because you're looking for the maximum return for your hard-earned dollar, we offer short- or long-term CDs at very competitive rates. Let one of our experienced staff help you select the best investment.

• $500.00 Opening Balance
• Fixed rate and fixed return
• Option to renew within ten calendar days after the maturity date
• Choice of 3, 6, 12, 24, 36, 48, or 60 month terms, and specials on occasion
• Choice of interest payment plans available
• Click here for current specials
• Insured by FDIC to applicable limits

Money Market Deposit Account

Enjoy growth, security and accessibility. Your money earns interest at a competitive rate.

• $500.00 Opening Balance
• Accounts insured by FDIC to applicable limits
• Five-tiered Interest compounded daily; paid monthly
• Six transfers or withdrawals per month
• $5 service charge if daily balance falls below $500 during statement cycle
• ATM accessible
• Monthly statements with check images
• Unlimited transfers for loans and associated expenses to Equitable, in-person transfers between accounts, or cash withdrawals

In accordance with regulations, Equitable Bank reserves the right to require at least seven days notice prior to withdrawal or transfer of funds from the Money Market Account.

Individual Retirement Accounts

Because you're looking for the maximum return for your hard-earned dollar, we offer IRA accounts at very competitive rates. In addition to the Traditional IRA, Equitable offers the Roth IRA and Education IRA. Let one of our experienced staff help you to select the best investment.

• $50.00 opening deposit
• Interest compounded quarterly; paid quarterly
• No setup or maintenance fees
• Accounts insured to applicable limits by FDIC
• Fixed rate and term IRAs are offered in 7 standard terms with specials on occasion
• Variable rate IRA savings available
• Monthly or annual deposits allowed

Click here to learn more about how an IRA can be right for you!

Looking for a way to keep large deposits safe? Ask us about CDARS®. Through this program, you can access FDIC protection on multi-million dollar CD investments through Equitable Bank. There are few guarantees in life – FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you.¹

• Simple – one-stop shopping
• Safe – your money can access multi-million dollar FDIC insurance coverage
• Convenient – you work directly with us. You earn one interest rate and receive one regular statement and one year-end tax form
• Community Investment – The full value of your money can support lending opportunities within your local community²
• CD-Level Rates – Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.

1. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Equitable Bank. The agreement contains important information and conditions regarding the placement of funds by us.
2. This benefit applies to some, but not all types of CDARS transactions. Let us know if this is important to you so we can explain the relevant terms and conditions in more detail.