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10 Meridian Street
Boston, MA 02128

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Competitive Rates on Money Market and 30-Month CD at EBSB Direct - 9/14/2017

EBSB Direct has added a Money Market Direct (1.39% APY, $50k+; 0.20% APY, $5k-$50k). $5k min deposit new money. Also a 30-month CD (2.21% APY), $1k min, new money

EBSB Direct Reopens Money Market Special 3 - 6/30/2017

EBSB Direct (internet bank) has re-opened its Money Market Special 3 (1.25% APY, $10k min/$2m max). Minimum opening deposit is $2.5k of new money.

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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 - YTD0.9%
Return on Equity - YTD8.51%
Annual Interest Income$86.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$4.70B$3.86B
LoansQ2 2017vs Q2 2016$4.26B$3.51B
DepositsQ2 2017vs Q2 2016$3.68B$3.06B
Equity CapitalQ2 2017vs Q2 2016$490.8MM$442.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$43.2MM$38.3MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$10.5MM$28.7MM
Real Estate OwnedQ2 2017vs Q2 2016$0$183.00K
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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 Savings Account Rates

0.88%$5k-High Yield Savings Account

EBSB Direct Money Market Rates

1.39%*$50k*-Money Market Direct
OTHER TIERS: 0.20% $5k - $50k

EBSB Direct CD Rates

2.21%$1k-30 Month CD
1.78%$1k-20 Month CD
1.56%$1k-16 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