2. East Boston Savings Bank

East Boston Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.25%4-year CD48 Month CD
2.60% - Goldman Sachs Bank USA High-yield 4 Year CDAdvertisement
1.26%1-year CD13 Month CD Special
2.45% - Goldman Sachs Bank USA High-yield 12 Month CDAdvertisement
1.26%1-year IRA13 Month IRA Special (Traditional, Roth, CESA, SEP)
1.01% - National Average
View all East Boston Savings Bank rates »

Overview / Commentary
www.ebsb.com
978-977-2200
67 Prospect Street
Peabody, MA 01960

East Boston Savings Bank is headquartered in Boston and is the 6th largest bank in the state of Massachusetts. It is also the 204th largest bank in the nation. It was established in 1991 and as of March of 2018, it had grown to 501 employees at 35 locations. East Boston Savings Bank's money market rates are 4X the national average, and it has an A health rating.

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Reviews (2)

A Pretty Good Bank!

Posted by: meloniesandoval | Sep 5, 2017

So this bank offers a multitude of different types of accounts. I first started banking with them when one of my old managers started to work for them and they have a variety of locations within my city. Every branch I've been to has had very nice and pleasant customer service! As far as rates go on savings accounts, if you don't have a bunch of liquid cash available to you then they're pretty much the same as everyone else, but if you have a bunch of liquid cash then their offers are competitive.

If you need a basic checking account with no fees and nothing crazy to sign up and maintain it (like minimum deposits, etc etc) then they're wonderful!

2

Watching Out For Lower Rates On The MM Special

Posted by: rzelman | Jun 11, 2017

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.

2


Health
A

Data as of Q1 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #33510
Year Established1991
Employees501
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD8.88%
Annual Interest Income$52.4MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$5.42B$4.55B
LoansQ1 2018vs Q1 2017$4.90B$4.02B
DepositsQ1 2018vs Q1 2017$4.24B$3.69B
Equity CapitalQ1 2018vs Q1 2017$546.0MM$478.4MM
Loan Loss AllowanceQ1 2018vs Q1 2017$47.5MM$41.8MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$7.0MM$12.8MM
Real Estate OwnedQ1 2018vs Q1 2017$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
0.92%*$100k*-Business Investment Sweep
OTHER TIERS: 0.10% → Up to $10k | 0.25% → $10k - $50k | 0.45% → $50k - $100k
0.10%$25-Statement Savings
0.10%$25-Business Statement Savings

East Boston Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.57%*$10k*$2mMoney Market Special
OTHER TIERS: 0.50% → $10 - $10k | 0.80% → $2mm+
0.92%*$1m*-Business Money Market Account
OTHER TIERS: 0.10% → $10 - $2,500 | 0.15% → $2,500 - $25k | 0.20% → $25k - $50k | 0.30% → $50k - $100k | 0.43% → $100k - $250k | 0.73% → $250k - $1mm
0.25%$25-Retirement Money Market Savings

East Boston Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Premier Checking
0.10%--Business Premier Checking
0.10%--Business Premier Checking w/Cash Management
0.05%--Business Interest Checking
0.05%--Interest Checking
0.05%$25-Business Escrow Sub Checking

East Boston Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.21%$1k-30 Month CD
2.21%$1k-Business 30 Month CD
2.20%$1k-14 Month CD Special
2.20%$1k-Business 14 Month CD Special
2.15%$1k-60 Month CD
2.15%$1k-Business 60 Month CD
1.61%$500-19 Month CD
1.56%$1k-16 Month CD
1.56%$1k-Business 16 Month CD
1.41%$1k-25 Month Bump Up CD
1.26%$1k-13 Month CD Special
1.26%$1k-Business 13 Month CD Special
1.25%$1k-48 Month CD
1.25%$1k-Business 48 Month CD
1.00%$1k-36 Month CD
1.00%$1k-Business 36 Month CD
0.65%$1k-24 Month CD
0.65%$1k-Business 24 Month CD
0.50%$1k-18 Month CD
0.50%$1k-Business 18 Month CD
0.45%$1k-12 Month CD
0.45%$1k-Business 12 Month CD
0.40%$1k-9 Month CD
0.40%$1k-Business 9 Month CD
0.30%$2.5k-6 Month CD
0.30%$2.5k-Business 6 Month CD

East Boston Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.21%$500-30 Month IRA
2.20%$500-14 Month IRA Special
2.15%$500-60 Month IRA
1.61%$500-19 Month IRA
1.56%$500-16 Month IRA
1.41%$500-25 Month Bump Up IRA
1.26%$500-13 Month IRA Special
1.25%$500-48 Month IRA
1.00%$500-36 Month IRA
0.65%$500-24 Month IRA
0.50%$500-18 Month IRA
0.45%$500-12 Month IRA
0.40%$500-9 Month IRA
0.30%$500-6 Month IRA
Locations

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