Dedicated to Deposits: Deals, Data, and Discussion

2.55% 14-Month CD at East Boston Savings Bank - Local Only

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East Boston Savings Bank
East Boston Savings Bank has a nice new-branch promotion with a 2.55% APY 14-month CD. It's only available at the bank's Lynn office. Minimum deposit is $2,500, and new money is required. It's not listed at the bank's website. A reader mentioned it in the comments, and I just called for additional info. The CSR confirmed that it's still available as of today (7/14/09), but she wouldn't say how much longer it may last. The reader mentioned being told it's scheduled to end on 7/23.

East Boston Savings Bank also offers a nationwide internet savings account at EBSBdirect. It had been offering 2.81% guaranteed through September, but that is now over. The current rate is 1.75% APY for balances over $50K as of 7/14/09 (account review).

East Boston Savings Bank has decent ratings for safety and soundness: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate. Both ratings are based on 3/31/09 financial data. It has been a FDIC member since 1991 (FDIC Certificate # 33510). Deposits over the FDIC limits are insured by the private Depositors Insurance Fund (DIF).

Thanks to the reader Scott who mentioned this special in the Daily News & Deals Page.

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  Tags: Massachusetts, East Boston Savings Bank, CD rates

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