East Boston Savings Bank is offering a special 19-month CD with a 2.00% APY. Minimum deposit is $1,000. This rate is listed in the bank's rates page and on its home page as of 7/15/2010.
East Boston Savings Bank started an internet bank last year called EBSB Direct with an online savings account and CDs. The rates on these used to be very competitive, but the rates have dropped quite a bit.
It appears that a branch visit is required to open this special CD. Branches are located in Boston and in surrounding areas.
The bank's ratings for safety and soundness are fair: 3½ stars (good) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 3 out of 5 at DepositAccounts.com (see our financial overview for East Boston Savings Bank). These ratings are based on 3/31/10 data except for Bankrate which is based on 12/31/09 data. The bank has been a FDIC member since 1991 (FDIC Certificate # 33510).