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800-657-3272
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 Offer may be withdrawn without notice at any time.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

Health Grade Components

Overall
FDIC Certificate #33510
Year Established1991
Employees501
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD8.88%
Annual Interest Income$52.4MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$5.42B$4.55B
LoansQ1 2018vs Q1 2017$4.90B$4.02B
DepositsQ1 2018vs Q1 2017$4.24B$3.69B
Equity CapitalQ1 2018vs Q1 2017$546.0MM$478.4MM
Loan Loss AllowanceQ1 2018vs Q1 2017$47.5MM$41.8MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$7.0MM$12.8MM
Real Estate OwnedQ1 2018vs Q1 2017$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.

A Great Money Market Deal With A Great Bank 1.80% APY

leemd   |  
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.

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%*$10k*$2mMoney Market Special 3
OTHER TIERS: 0.50% $10 - $10k | 0.80% $2mm+

EBSB Direct CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$1k-14 Month CD Special
Locations

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

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.