Featured Savings Rates
Featured Accounts

East Boston Savings Bank

Popular Accounts at this Bank

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
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 210th largest bank in the nation. It was established in 1991 and as of September of 2017, it had grown to 471 employees at 32 locations. East Boston Savings Bank's money market rates are 2X 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

$150 Checking Account Bonus In MA - 4/14/2017

East Boston Savings Bank checking account promotion: Open a new checking account by June 30, 2017 and enroll in e-statements, and get Free gift at account opening $50 when you have 2 recurring direct deposits $50 when you enroll in online banking and make at least three online bill payments $50 when you request a debit card and have at least 15 purchase transactions https://www.ebsb.com/uploads/callouts/AprilBigDay-150-Offer.pdf

East Boston Savings Bank (MA) Hikes 48-Month CD Rate - 1/18/2017

East Boston Savings Bank (MA) has boosted the rate on its 48-month CD (2.13% APY). Minimum deposit is $1k, with no stated balance cap. Also has an IRA.

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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 Grade Components

FDIC Certificate #33510
Year Established1991
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD9.3%
Annual Interest Income$134.9MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$5.01B$4.08B
LoansQ3 2017vs Q3 2016$4.51B$3.66B
DepositsQ3 2017vs Q3 2016$3.99B$3.26B
Equity CapitalQ3 2017vs Q3 2016$506.5MM$454.3MM
Loan Loss AllowanceQ3 2017vs Q3 2016$45.6MM$38.7MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$8.2MM$14.5MM
Real Estate OwnedQ3 2017vs Q3 2016$1.7MM$0
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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

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

0.92%*$1m*-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
0.92%*$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

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

2.21%$1k-30 Month CD
2.21%$1k-Business 30 Month CD
2.15%$1k-60 Month CD
2.15%$1k-Business 60 Month CD
1.78%$1k-20 Month CD
1.78%$1k-Business 20 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

2.21%$500-30 Month IRA
2.15%$500-60 Month IRA
1.78%$500-20 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