The EBSB Direct accounts offer competitive interest rates. The rates are competitive with other online-only accounts. They are much higher than your typical brick and mortar bank rates.
There are no monthly fees listed for the money market account. The only fee that applies to the CD is if you withdraw the money before the CD reaches the maturity date.
EBSB Direct accounts are entirely online accounts. You can apply for the accounts online. Everything for your account is online. The EBSB Direct accounts are not available through the EBSB branch locations. You can make transactions to your EBSB Direct accounts at a local branch.
The money market account with EBSB Direct offers a debit card for you to access your money. Federal regulations only allow six withdrawals per month from this money market account. There is a fee if you withdraw more than six times.
EBSB Direct only offers a money market account and one 14-month CD. There are no other personal deposit accounts offered. There are no specific business accounts offered.
To earn the highest interest rate offered on the MMA, you must have at least $10,000 in the account. The lower balances still earn interest, but a much lower rate.
To open the money market account offered through EBSB Direct, you must have $2,500. The 14-month CD requires $1,000 to open. Once you open the account, you are not required to keep a set amount in the account.
EBSB Direct only offers a money market account and CDs. To make electronic transfers, the accounts must connect to another account. Link your EBSB Direct account to any other financial institution in the United States. You can also link more than one account to your EBSB Direct account.
Accounts at EBSB Direct are entirely online. Online banking allows you to see your account balances and transfer funds. You can transfer money between EBSB Direct accounts or linked accounts. With mobile banking, you can deposit checks. You can sign up for alerts about your account balances.
East Boston Savings Bank started in 1848. It is the oldest bank founded in Suffolk County that is still open and operating under the original name. EBSB Direct is an online division of East Boston Savings Bank.
Today they have 32 branch locations and one specific loan center. EBSB Direct accounts are not offered through branch locations. Everything for the EBSB Direct accounts is online. You can complete transactions for your EBSB Direct accounts at your local branch locations.
The East Boston Savings Bank Charitable Foundation started in 1998. This foundation helps support charities in the community. Over the years, $5.5 million in funding has been given to charities. These charities help meet the health and human service needs. These charities support youth programs, education, and social service organizations. Some of those charities include:
This past year $438,000 in grants was awarded to over 120 nonprofit organizations.
Yes. EBSB Direct is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.
With a debit card, electronic transfers, or by visiting a local branch.
Yes. You can view account balance and transfer funds. You can schedule payments and make check deposits.
EBSB Direct only offers two different accounts. The interest rates for those accounts are competitive. There are no fees. The accounts are entirely online.
Yes. EBSB Direct accounts do not have any monthly maintenance fees.
Their safeguards follow federal regulations. Employees have limited access to personal information. They ask questions only you would know to ensure they protect your information.
Yes. EBSB Direct rates are competitive with other online-only accounts. The interest rates are much higher than your typical brick and mortar bank rates.
No. The only accounts offered through EBSB Direct are a money market account and a 14-month CD.
The interest rates are much higher. Everything for the account is online. There are no branch locations for EBSB Direct accounts. You can make transactions into the account at any EBSB locations.
EBSB Direct does not offer checking accounts. The only accounts offered are money market accounts and a 14-month CD.
Through email, mail, phone.
EBSB Direct does not offer a checking account, so no bill pay is available.
Only at a local branch location
A specific time was not listed on the website.
Yes. You can have money directly deposited to EBSB Direct accounts.