Overview / Commentary
10 Meridian Street
Boston, MA 02128

Related Posts

EBSB Direct Introduces 20-Month CD - 5/11/2018

EBSB Direct (internet bank) has added a limited-time 20-month CD earning 2.69% APY. Minimum opening deposit is $1k, with no stated balance cap.

EBSB Direct Brings Back Money Market Special 3 - 4/27/2018

EBSB Direct has brought back its Money Market Special 3, now earning 1.80% APY ($10k-$2m). New accounts or existing customer must deposit a minimum of $10k new money.

A Great Money Market Deal With A Great Bank 1.80% APY - 4/24/2018

https://www.ebsbdirect.com/money-market-special-3 Money Market Special 3 Low $2,500 minimum to open Access account with ease using an EBSB Visa® Debit Card Deposits fully insured through FDIC and DIF *Annual Percentage Yield (APY) as of 04/24/18. No interest will be paid on balances less than $10, balances $10 to less than $10,000 earns 0.50% APY, balances $10,000 to less than $2 million earns 1.80% APY and balances $2 million and over earns 0.80% APY. Rate subject to change without notice. $2,500 minimum to open account. Personal accounts only. New money or existing customer must deposit additional money from another financial institution. Please refer to the Agreements and Disclosures for more information. Offer may be withdrawn without notice at any time. You must be a U.S. Citizen to open this account.

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Reviews (2)

Promo Rate With Closing Fee Not Fair!

Posted by: mashaun46 | Jul 5, 2017

Investor beware! Called customer service because I was interested in their 1.25% interest rate on their Money Market Special 3 accounts. Prior to calling I read their fee schedule included a Closing Fee of $25 if closed within 180 days. I asked customer service:

1. Is their 1.25% interest rate a promo rate? Answer: yes, which means they intend to drop their interest rate.
2. Does the $25 Closing Fee if closed within 180 days applies to this account? Answer: yes, which means that when they drop their interest rate, you're either stuck with their lower interest rate for the balance of 180 days, or forfeit $25 to close your account!

I don't consider that Fair Banking! Looking elsewhere.

Problems Funding Account

Posted by: kingpain | Jun 10, 2016

I don't usually review but I did have a strange experience with opening up an on-line money market account.

I opened it on-line and the next day linked it online to an account at another bank so I could fund this new account. It then took three business days before the trial test amounts appeared in the EBSB account so that I could link them. Once they appeared, I transferred the funds to the EBSB account. Five days later the funds came back. I called my bank and they said the EBSB account had been closed.

I called EBSB and it said that I hadn't funded my account quickly enough. I told it that I couldn't see how it was possible to fund it any more quickly than I had online.

Over the years I've had online accounts at several different banks and can't recall ever having this problem with another one.


Health Grade Components

FDIC Certificate #33510
Year Established1991
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD9.57%
Annual Interest Income$108.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$5.65B$4.70B
LoansQ2 2018vs Q2 2017$5.12B$4.26B
DepositsQ2 2018vs Q2 2017$4.44B$3.68B
Equity CapitalQ2 2018vs Q2 2017$561.7MM$490.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$49.4MM$43.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$7.1MM$10.5MM
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not EBSB Direct; 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.

EBSB Direct Money Market Rates

1.80%*$10k*$2mMoney Market Special 3
OTHER TIERS: 0.50% $10 - $10k | 0.80% $2m+

EBSB Direct CD Rates

2.50%$1k-15 Month CD

EBSB Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 10 Meridian Street - Boston, MA 02128

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