Featured Savings Rates
Featured Accounts

East Boston Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.25%4-year CD48 Month CD
1.26%1-year CD13 Month CD Special
1.26%1-year IRA13 Month IRA Special (Traditional, Roth, CESA, SEP)

Overview / Commentary
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 December of 2017, it had grown to 495 employees at 34 locations. East Boston Savings Bank's money market rates are 4X the national average, and it boasts an A+ health rating.

Related Posts

19-Month CD Special, 1.61% APY - 6/28/2017

19-month CD Special 1.61% APY Minimum balance to open and obtain APY is $1,000 for CDs and $500 for IRAs. New money only. Consumer accounts only. https://www.ebsb.com/uploads/callouts/19-Month%20CD%20Counter%20Card.pdf

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Reviews (2)

A Pretty Good Bank!

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!

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #33510
Year Established1991
Employees495
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD8.68%
Annual Interest Income$185.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$5.23B$4.35B
LoansQ4 2017vs Q4 2016$4.63B$3.90B
DepositsQ4 2017vs Q4 2016$4.13B$3.51B
Equity CapitalQ4 2017vs Q4 2016$532.6MM$467.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$45.2MM$40.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$7.4MM$12.9MM
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
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* 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
2.69%$1k-20 Month CD Special
2.69%$1k-Business 20 Month CD Special
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%$2,500-6 Month CD
0.30%$2,500-Business 6 Month CD

East Boston Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.69%$500-20 Month IRA Special
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

Availability



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