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

Related Posts

EBSB Direct Brings Back High-Yield Savings - 12/12/2018

EBSB Direct has brought back its nationally available High-Yield Statement Savings, which earns 2.50% APY on balances between $5k and $1m. Min $50 new money to open.

2.5% High Yield Savings Is Back - 12/11/2018

I saw it reported by another user in the brick and mortar EBSB page, the 2.5% High Yield account appears to be available again. It is listed on the EBSB Direct webpage, so I assume it is open to out of market customers.

High-Yield Savings 2.5% Discontinued - 11/2/2018

It seems this account is no longer available.

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Excellent Experience

Posted by: aris | Oct 11, 2018

My experience was excellent. Very smooth application process on Friday 10/5. Banking holiday on Monday, then on Tuesday the trial deposits appeared on the other bank and I verified them. I could register for online banking immediately, and I tried to link several banks. All those trial deposits appeared on Wednesday, and the accounts were linked. Also the funding amount was posted, which means one day ACH. A question to the CRSs via the website was answered within a couple of hours, saving the need for a phone call. I tried using the ACH once more to pull funds from one of the linked banks, and the transfer was posted on Thursday (next day). Given the super-fast ACH with high limits (7:00 pm cutoff time) and the DIF insurance, this bank seems to be among the best for a substantial liquid account, and can serve as a better hub than ALLY or ALLIANT. There is a 3 day hold on deposits after the introductory period (1 month), but I can live with that.

Some Differences

Posted by: redfarm | Dec 16, 2018

To be allowed to set up links to external bank/brokerage accounts required a phone call to customer service which was unusual. Also bear in mind, "Accounts are considered new for a period of THIRTY (30) days; during this time period those funds transferred from an external account to your account at East Boston Savings Bank will not be available for withdrawal for NINE (9) business days." Using a private consortium, deposits are insured to whatever amount is in your account, beyond the FDIC $250,000 limit.

Could Be Better

Posted by: tdl | Oct 17, 2018

I agree with earlier reviewer that the application asks too many unnecessary questions. And like a number of others, I had trouble signing in the first time with the system requiring to send a security code, but it doesn't have the correct phone number on file. After 10 min wait for the rep, I found out that I also need to create Online Banking access via ebsb.com to enable successful sign-in. This is the part that the Open Account instructions from ebsbdirect.com didn't mention.

Asking For Too Much Information

During my online application, EBSB wants to know my annual income plus my net worth. There is no reason they need to know this to open an account. I got out fast and will go somewhere else.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
FDIC Certificate #33510
Year Established1991
Employees506
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD10.45%
Annual Interest Income$166.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$5.75B$5.01B
LoansQ3 2018vs Q3 2017$5.23B$4.51B
DepositsQ3 2018vs Q3 2017$4.47B$3.99B
Equity CapitalQ3 2018vs Q3 2017$580.5MM$506.5MM
Loan Loss AllowanceQ3 2018vs Q3 2017$49.6MM$45.6MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$7.2MM$8.2MM
Real Estate OwnedQ3 2018vs Q3 2017$0$1.7MM
  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.

2.5% High Yield Savings Is Back

Bowman   |  
I saw it reported by another user in the brick and mortar EBSB page, the 2.5% High Yield account appears to be available again. It is listed on the EBSB Direct webpage, so I assume it is open to out of market customers.

High-Yield Savings 2.5% Discontinued

aris   |  
It seems this account is no longer available.

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% $2m+

EBSB Direct CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-15 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

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 [email protected] 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.