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 131st largest bank in the nation. It was established in 1989 and as of December of 2018, it had grown to 1,821 employees at 93 locations. Eastern Bank's money market rates are 4X the national average, and it boasts an A+ health rating.

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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
Employees1821
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD9.03%
Annual Interest Income$417.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$11.38B$10.87B
LoansQ4 2018vs Q4 2017$8.77B$8.16B
DepositsQ4 2018vs Q4 2017$9.42B$8.84B
Equity CapitalQ4 2018vs Q4 2017$1.43B$1.32B
Loan Loss AllowanceQ4 2018vs Q4 2017$80.7MM$74.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$21.5MM$15.0MM
Real Estate OwnedQ4 2018vs Q4 2017$35.00K$35.00K
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%--Statement Savings

Eastern Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%*$10k*$5mPremier 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
1.71%$500$100k7 Month Featured CD
1.41%$500$100k4 Month Featured CD
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
0.40%$500-36 Month Equal Exchange 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

Providence Area

Interactive local rates map


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