Overview / Commentary
800-327-8376
265 Franklin Street
Boston, MA 02110

Eastern Bank is headquartered in Boston and is the 3rd largest bank in the state of Massachusetts. It is also the 124th largest bank in the nation. It was established in 1989 and as of June of 2018, it had grown to 1,829 employees at 95 locations. Eastern Bank's money market rates are 4X the national average, and it boasts an A+ health rating.

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Premier Money Market Special, 1.51% APY - 3/20/2018

Special rate of 1.51% APY applies to accounts with balances between $10,000 and $1 million. Minimum of $10,000 not currently on deposit with Eastern Bank required to open. An Eastern Bank consumer checking account is required. Limit one Premier Money Market Special account per customer. Consumer customers only. Existing Eastern Bank customers may also qualify by depositing an additional $10,000 that was not previously on deposit with Eastern Bank in an existing account. Existing customers must notify the bank at the time of the deposit of new money if they wish to take advantage of this offer. The rate for deposits to existing accounts will become effective within two business days after deposit. Offer valid in branch only.

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Reviews (2)

My favorite bank ever!!

I love Eastern bank. I have been with them for 20 years now. I have had other bank accounts at the same time, but I now have Eastern bank as my only source of banking. I tend to overdraft a lot of checks and they have a great overdraft protection policy. The tellers that I deal with at the Hyannis branch are really friendly and helpful as well. When I call customer service I always get a nice person. Best bank in New England!!

Banking with Eastern

We had an Eastern Bank near our house, so we decided to use them. We met with a bank manager who opened up the savings account for us. The process was quite easy since we brought in all the necessary paperwork and we were done in 30 minutes or so. The only problem that we have experienced is trying to connect Eastern Banks sites to Apps. It would make budgeting so much easier if they were compatible.Other than that, the people are helpful and the accounts are reasonable.



Health
A+

Health Grade Components

Overall
FDIC Certificate #32773
Year Established1989
Employees1829
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD9.5%
Annual Interest Income$199.8MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$11.29B$10.57B
LoansQ2 2018vs Q2 2017$8.52B$7.95B
DepositsQ2 2018vs Q2 2017$9.41B$8.85B
Equity CapitalQ2 2018vs Q2 2017$1.35B$1.30B
Loan Loss AllowanceQ2 2018vs Q2 2017$82.7MM$74.4MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$23.3MM$19.9MM
Real Estate OwnedQ2 2018vs Q2 2017$35.00K$265.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Eastern 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.

Eastern Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%--Passbook Savings
0.02%--Statement Savings

Eastern Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%*$10k*$1mPremier Money Market Special
OTHER TIERS: 0.20% $10+
0.35%*$10k*-Premier Money Market
OTHER TIERS: 0.20% $10 - $10k
0.20%*$10k*-Prime Liquid Assets
OTHER TIERS: 0.10% $10 - $10k

Eastern Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%--Premier Checking

Eastern Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$500-60 + Month Premier CD
0.50%$500-60 + Month Personal CD
0.50%$500-48 - 59 Month Premier CD
0.40%$500-48 - 59 Month Personal CD
0.40%$500-36 - 47 Month Premier CD
0.30%$500-36 - 47 Month Personal CD
0.30%$500-24 - 35 Month Premier CD
0.20%$500-24 - 35 Month Personal CD
0.20%$500-12 - 23 Month Premier CD
0.10%$500-12 - 23 Month Personal CD
0.05%$2.5k-3 - 5 Month Personal CD
0.05%$2.5k-6 - 11 Month Personal CD
0.05%$2.5k-3 - 5 Month Premier CD
0.05%$2.5k-6 - 11 Month Premier CD
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.