East Boston Savings Bank is offering a special 5-year CD and IRA CD with a 3.02% APY. It's also advertising two other CD specials, but the rates are not quite as competitive. These include a 1.55% APY 18-month CD and a 1.35% APY 12-month CD. Minimum deposit is $1,000. These rates are listed in the bank's rates page and on its home page as of 10/04/2010.
East Boston Savings Bank started an internet bank last year called EBSB Direct which offers an online savings account and CDs. There's an online application, but it's limited to New England and New York State (see review).
It appears that a branch visit is required to open these special CDs. Branches are located in Boston and in surrounding areas.
The bank has an overall health score of 3 out of 5 with a Texas Ratio of 20.98% (above average) based on 6/30/2010 data. Please refer to our financial overview of East Boston Savings Bank for more details. The bank has been a FDIC member since 1991 (FDIC Certificate # 33510).
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