Dedicated to Deposits: Deals, Data, and Discussion
EBSB Direct1.10%$1k-36 Month EBSB CD
EBSB Direct0.55%$1k-10 Month EBSB CD
Accounts mentioned in this post. Rates as of August 27, 2014

Competitive 3-Year CD Rate at EBSB Direct - New England and New York Only


EBSB Direct

EBSB Direct is offering a competitive 3-year CD yield of 1.80% APY. Minimum deposit is $1,000. This used to a better deal back in June when the yield was 2.25%, but it's still quite competitive compared to what's available today. There's also a 10-month CD, but the rate is much less competitive at 0.55% APY. Minimum deposit is $1,000. These rates are listed at as of 10/04/2011.

According to the bank's disclosure, "terms over 12 months the penalty will equal 6 months interest on the amount withdrawn." also offers an online savings account, but this rate is no longer competitive at 0.80% APY for balances of at least $50K.

New England and New York Only

Even though there's an online application, the bank limits new applications to residents of New England and New York State. I just confirmed this with the bank today. This limitation isn't noted at which isn't a sign of good customer service since some people may waste their time applying.

EBSB Direct is an online division of East Boston Savings Bank. The bank has an overall health score of 3 stars (out of 5) with a Texas Ratio of 29.88% (average) based on June 2011 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).

How This CD Rates Compare

Back in June, cut the 3-year CD yield from 2.25% to 1.80%. I'm afraid this 1.80% APY is now quite competitive especially for a bank. The highest 3-year CD rate nationally available at a bank is 1.65% APY at Doral Direct Bank. Rates are little higher at some all-access credit unions. The highest is 1.91% APY at Melrose Credit Union and at Velocity Credit Union. These rates are accurate as of 10/4/2011.

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of

  Tags: EBSB Direct, New York, Massachusetts, Connecticut, Rhode Island, New Hampshire, Vermont, Maine, CD rates

Related Posts

Comment #1 by Anonymous posted on
I would have never dreamt that a 3 years CD at 1.80% would be "competitive."  Just look at what the Fed has done to the savers!

Comment #2 by Anonymous posted on
I'm glad that I got it when it was 2.75% last year.

Comment #3 by Anonymous posted on
Those long-term CD's we opened this summer at 3.00% look real good now.