East Boston Savings Bank


Overview / Commentary
978-977-3272
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 211th largest bank in the nation. It was established in 1991 and as of June of 2020, it had grown to 481 employees at 40 locations. East Boston Savings Bank's money market rates are 48% higher than the national average, and it boasts an A+ health rating.

Reviews (2)

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.

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #33510
Year Established1991
Employees481
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD8.78%
Annual Interest Income$130.0MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$6.42B$6.35B
LoansQ2 2020vs Q2 2019$5.66B$5.77B
DepositsQ2 2020vs Q2 2019$4.84B$5.03B
Equity CapitalQ2 2020vs Q2 2019$698.8MM$643.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$60.5MM$53.9MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$3.2MM$5.4MM
Real Estate OwnedQ2 2020vs Q2 2019$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
0.65%*$100k*-Business Investment Sweep
OTHER TIERS: 0.10% Up to $10k | 0.25% $10k - $50k | 0.43% $50k - $100k
0.65%*$5k*$1mUltimate Statement Savings - New Money
OTHER TIERS: 0.25% $1m+
0.08%$25-Statement Savings
0.08%$25-Business Statement Savings

East Boston Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$1m*-Business Money Market Account
OTHER TIERS: 0.10% $10 - $2.5k | 0.15% $2.5k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k | 0.45% $250k - $1m
0.65%*$10k*$2mMoney Market Special
OTHER TIERS: 0.25% $2m+ | 0.50% $10 - $10k
0.20%$25-Retirement Money Market Savings

East Boston Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.48%*-$25kPremier Checking
OTHER TIERS: 0.10% $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
0.70%$1k-15 Month CD
0.70%$1k-60 Month CD
0.70%$1k-36 Month CD
0.70%$1k-48 Month CD
0.70%$1k-Business 36 Month CD
0.70%$1k-Business 48 Month CD
0.70%$1k-Business 60 Month CD
0.70%$1k-13 Month CD Special
0.70%$1k-19 Month CD
0.70%$1k-16 Month CD
0.70%$1k-30 Month CD
0.70%$1k-Business 16 Month CD
0.70%$1k-Business 30 Month CD
0.70%$1k-14 Month CD Special
0.70%$1k-Business 14 Month CD Special
0.70%$1k-Business 15 Month CD
0.70%$1k-Business 13 Month CD
0.60%$2.5k-6 Month CD
0.60%$2.5k-Business 6 Month CD
0.50%$1k-18 Month CD
0.50%$1k-Business 18 Month CD
0.45%$1k-12 Month CD
0.45%$1k-24 Month CD
0.45%$1k-Business 12 Month CD
0.45%$1k-Business 24 Month CD
0.40%$1k-9 Month CD
0.40%$1k-Business 9 Month CD

East Boston Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-15 Month IRA
0.70%$500-60 Month IRA
0.70%$500-36 Month IRA
0.70%$500-13 Month IRA Special
0.70%$500-48 Month IRA
0.70%$500-19 Month IRA
0.70%$500-16 Month IRA
0.70%$500-30 Month IRA
0.70%$500-14 Month IRA Special
0.60%$500-6 Month IRA
0.50%$500-18 Month IRA
0.45%$500-12 Month IRA
0.45%$500-24 Month IRA
0.40%$500-9 Month IRA
Locations

Availability



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