Eastern Bank
Locations in Boston:
10
What We Love...
Interest earning checking account
Fairly high CD rates
Dividend earning stock on the NASDAQ - ticker symbol EBC
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What We Don't...
CD only earns simple interest (interest is not compounded)
Savings and checking interest is compounded monthly (instead of daily)
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Rates
Below are the rates we think you should know:
CD | Savings | Checking |
|---|---|---|
3.55% | 0.01% | 0.01% |
Rates can change at any time. Please check with each institution for current details. Last Updated: January 31, 2026
Cash Bonus?
Unknown
Abandonment Fee?
$50
Research Fee?
$0-$50 depending on account
Summary
Eastern Bank has solid products, such as an interest earning checking account and impressive CD rates. The only drawback is the CD only earns simple interest.
History
According to the FDIC, Eastern Bank was founded in 1989, but Eastern Bank says they started in 1818. Despite acquiring multiple banks and institutions over the years, Eastern bank has kept its original name since its founding. It moved its main office to Franklin St, Boston in 2003. As of 2024, Eastern Bank has over 120 locations in Massachusetts, Rhode Island, and New Hampshire -- 10 are in Boston.