Eastern Bank is headquartered in BOSTON and is the 2nd largest bank in the state of Massachusetts. It is also the 86th largest bank in the nation. It was established in 1989 and as of March of 2023, it had grown to 2,078 employees at 100 locations. Eastern Bank's CD rates are 6X the national average, and it has a C+ health rating.
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!!
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.
After filling out a form on their website, they ran a Hard Inquiry via Factual Data.
After seeing my scores, roughly 670, they decided that it wasn't in their interest to contact me.
Why do business with a company with such practices?
Overall | |
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FDIC Certificate # | 32773 |
Year Established | 1989 |
Employees | 2078 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | -3.41% |
Return on Equity - YTD | -32.34% |
Annual Interest Income | $189.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $22.70B$22.81B |
Loans | Q1 2023vs Q1 2022 | $13.52B$12.03B |
Deposits | Q1 2023vs Q1 2022 | $18.68B$19.52B |
Equity Capital | Q1 2023vs Q1 2022 | $2.45B$2.88B |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $140.9MM$124.2MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $32.9MM$31.0MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | $10 | - | Statement Savings | |
0.01% | - | - | Business Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $5m* | - | IOLTA Checking | ||
OTHER TIERS: 0.25% → $10 - $5m | |||||
0.01% | - | - | Premier Checking | ||
0.01% | - | - | Business Interest Checking |