Featured Savings Rates
Featured Accounts

EBSB Direct

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.25%Money MarketMoney Market Special 3
1.61%18-month CD19 Month CD
0.88%SavingsHigh Yield Savings Account

Overview / Commentary
800-657-3272
10 Meridian Street
Boston, MA 02128

Related Posts

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.

EBSB Direct Introduces Money Market Special - 10/11/2016

EBSB Direct's (internet bank) new Money Market Special 3 earns 1.25% APY on balances between $10k and $2m. Minimum opening deposit is $2.5k and requires 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
A+

Health Grade Components

Overall
FDIC Certificate #33510
Year Established1991
Employees465
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD7.72%
Annual Interest Income$41.9MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$4.55B$3.61B
LoansQ1 2017vs Q1 2016$4.02B$3.21B
DepositsQ1 2017vs Q1 2016$3.69B$2.92B
Equity CapitalQ1 2017vs Q1 2016$478.4MM$433.7MM
Loan Loss AllowanceQ1 2017vs Q1 2016$41.8MM$34.4MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$12.8MM$30.0MM
Real Estate OwnedQ1 2017vs Q1 2016$0$638.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

EBSB Direct Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.88%$5k-High Yield Savings Account

EBSB Direct Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$10k*$2mMoney Market Special 3
OTHER TIERS: 0.25% $10 - $10k | 0.58% $2mm+

EBSB Direct CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%$1k-19 Month CD
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