2. East Boston Savings Bank

East Boston Savings Bank


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 190th largest bank in the nation. It was established in 1991 and as of March of 2019, it had grown to 503 employees at 38 locations. East Boston Savings Bank's money market rates are 4X the national average, and it has an A health rating.

Related Posts

HYS Rate Drop Recently - 6/4/2019

2.4% for (grandfathered) HYS.

2.50 % APY High Yield Statement Savings - 12/11/2018

It appears that EBSB has brought back its' nationally available High Yield Statement Savings account paying 2.50% APY (up to a million dollars). As you can read in other posts on DA, this account was available nationally for a short time, then was changed to in-branch only. I just went to their website and clicked on "Open Account" and it appears that you can open the account online. This is a great rate for a liquid account, plus it has the added protection of DIF insurance.

East Boston Savings Bank Brings Back High-Yield Savings - 11/9/2018

East Boston Savings Bank (MA) has brought back the High-Yield Statement Savings (2.50% APY, $5k min), but has limited its availability to in-branch opening.

View all posts from:


Reviews (3)

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: RZ | 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.

4

Terrible East Boston Savings Bank

Posted by: igoosh | Nov 29, 2018

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.

1


Health
A

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #33510
Year Established1991
Employees503
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD9.86%
Annual Interest Income$64.6MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$6.26B$5.42B
LoansQ1 2019vs Q1 2018$5.71B$4.90B
DepositsQ1 2019vs Q1 2018$5.05B$4.24B
Equity CapitalQ1 2019vs Q1 2018$626.6MM$546.0MM
Loan Loss AllowanceQ1 2019vs Q1 2018$54.0MM$47.5MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$6.9MM$7.0MM
Real Estate OwnedQ1 2019vs Q1 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

HYS Rate Drop Recently

51hh   |  
2.4% for (grandfathered) HYS.
3

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 | 0.43% → $50k - $100k
0.08%$25-Statement Savings
0.08%$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% → $2m+
0.92%*$1m*-Business Money Market Account
OTHER TIERS: 0.10% → $10 - $2.5k | 0.15% → $2.5k - $25k | 0.20% → $25k - $50k | 0.30% → $50k - $100k | 0.43% → $100k - $250k | 0.73% → $250k - $1m
0.20%$25-Retirement Money Market Savings

East Boston Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*-$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
2.50%$1k-15 Month CD
2.50%$1k-Business 15 Month CD
2.36%$2.5k-6 Month CD
2.36%$2.5k-Business 6 Month CD
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%$1k-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
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

East Boston Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$500-15 Month IRA
2.36%$500-6 Month IRA
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
Locations

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