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DETAILSINSTITUTIONAPYMINMAXPRODUCT
East Boston Savings Bank1.40%$1k-60 Month CD
Accounts mentioned in this post. Rates as of April 16, 2014

Competitive 5-Year CD at East Boston Savings Bank - Local Only

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East Boston Savings Bank

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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  Tags: East Boston Savings Bank, CD rates, Massachusetts, IRA rates

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Comments
3 comments.
Comment #1 by scottj posted on
scottj
Looks like they need deposits. The CDs they did on the 14 month 2.55% promo they ran  last year recently hit maturity, I got them to renew mine to a 3% 36 month one last week

2
Comment #2 by Anonymous posted on
Anonymous
Anyone know what the early withdrawal penalty is on the 5 year CD?  It doesn't seem to be listed on the website.

1
Comment #3 by Anonymous posted on
Anonymous
as of 2010  EBS will charge you to remove your IRA even though you have to take out the money at 70 1/2

1