Featured Savings Rates
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EBSB Direct

Popular Accounts at this Bank

1.56%18-month CD16 Month CD
2.21%3-year CD30 Month CD
1.39%Money MarketMoney Market Direct

Overview / Commentary
10 Meridian Street
Boston, MA 02128

Related Posts

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 - YTD8.68%
Annual Interest Income$185.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$5.23B$4.35B
LoansQ4 2017vs Q4 2016$4.63B$3.90B
DepositsQ4 2017vs Q4 2016$4.13B$3.51B
Equity CapitalQ4 2017vs Q4 2016$532.6MM$467.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$45.2MM$40.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$7.4MM$12.9MM
Real Estate OwnedQ4 2017vs Q4 2016$0$0
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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

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