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East Boston Savings Bank


Overview / Commentary
www.ebsb.com
978-977-3272
67 Prospect Street
Peabody, MA 01960

East Boston Savings Bank is headquartered in Boston and is the 7th largest bank in the state of Massachusetts. It is also the 219th largest bank in the nation. It was established in 1991 and as of June of 2021, it had grown to 438 employees at 43 locations. East Boston Savings Bank has an A+ health rating.

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Reviews (3)

Watching Out For Lower Rates On The MM Special

Posted by: |

I opened the Special MM3 account in Feb. 2017 primarily for the favorable rate of 1.25% and that amounts over $250K were also insured, Unfortunately the rate has decreased serially to 1.21% and currently 1.17%. Interest is compounded and credited monthly so there is risk of losing accrued interest if the account is closed mid cycle, I will keep a close eye on this since they are presently only paying a rate of .73% on their regular MM.

4

Chexsystem

Posted by: |

Why would East Boston Savings Bank do a Chexsystem check when I’ve never applied for any accounts. I’m worried about fraud but the inquiry is from 3 years ago.

1

Terrible East Boston Savings Bank

Posted by: |

Terrible little shady "bank" - stole my $25, penalizing me for closing the account. They claim I closed it before 180 days of opening the account and it was in the disclosure - must be in fine print on page 45 or something. Rep. Taylor from Milton office had no decision making abilities and Christina, AVP of Customer Service was not willing to refund $25 back to me, the fee for closing the account. VERY CONFRONTATIONAL BANK doing shady business, in my personal opinion.

5


Health
A+

Data as of Q2 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #33510
Year Established1991
Employees438
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD11.14%
Annual Interest Income$114.7MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$6.29B$6.42B
LoansQ2 2021vs Q2 2020$4.94B$5.66B
DepositsQ2 2021vs Q2 2020$4.91B$4.84B
Equity CapitalQ2 2021vs Q2 2020$743.8MM$698.8MM
Loan Loss AllowanceQ2 2021vs Q2 2020$64.3MM$60.5MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$9.8MM$3.2MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not East Boston Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

East Boston Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$50k*-Business Investment Sweep
OTHER TIERS: 0.05% → Up to $50k
0.10%*$5k*$1mUltimate Statement Savings - New Money
OTHER TIERS: 0.05% → $1m+
0.05%$25-Statement Savings
0.05%$25-Business Statement Savings

East Boston Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$250k*-Business Money Market Account
OTHER TIERS: 0.05% → $10 - $250k
0.10%*$10k*-Money Market Special
OTHER TIERS: 0.05% → $10 - $10k
0.05%$25-Retirement Money Market Savings

East Boston Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*-$25kPremier Checking
OTHER TIERS: 0.05% → $25k+
0.10%--Business Premier Checking
0.10%--Business Premier Checking w/Cash Management
0.05%$10-Business Interest Checking
0.05%$10-Interest Checking
0.05%$25-Business Escrow Sub Checking

East Boston Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$2.5k-6 Month CD
0.15%$1k-9 Month CD
0.15%$1k-12 Month CD
0.15%$1k-15 Month CD
0.15%$1k-18 Month CD
0.15%$1k-24 Month CD
0.15%$1k-60 Month CD
0.15%$1k-36 Month CD
0.15%$1k-48 Month CD
0.15%$2.5k-Business 6 Month CD
0.15%$1k-Business 9 Month CD
0.15%$1k-Business 12 Month CD
0.15%$1k-Business 18 Month CD
0.15%$1k-Business 24 Month CD
0.15%$1k-Business 36 Month CD
0.15%$1k-Business 48 Month CD
0.15%$1k-Business 60 Month CD
0.15%$1k-13 Month CD Special
0.15%$1k-19 Month CD
0.15%$1k-16 Month CD
0.15%$1k-30 Month CD
0.15%$1k-Business 16 Month CD
0.15%$1k-Business 30 Month CD
0.15%$1k-14 Month CD Special
0.15%$1k-Business 14 Month CD Special
0.15%$1k-Business 15 Month CD
0.15%$1k-Business 13 Month CD

East Boston Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$500-6 Month IRA
0.15%$500-9 Month IRA
0.15%$500-12 Month IRA
0.15%$500-15 Month IRA
0.15%$500-18 Month IRA
0.15%$500-24 Month IRA
0.15%$500-60 Month IRA
0.15%$500-36 Month IRA
0.15%$500-13 Month IRA Special
0.15%$500-48 Month IRA
0.15%$500-19 Month IRA
0.15%$500-16 Month IRA
0.15%$500-30 Month IRA
0.15%$500-14 Month IRA Special
Locations

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