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Cash Reserve Line of Credit 

No one wants to experience the hassle and expense of overdrafts.  With an Eastern Cash Reserve Line of Credit, you won’t have to.  This convenient line gives you overdraft protection and the comfort of knowing your checks can be paid even if your checking account balance is “off” a little.

With a Cash Reserve Line of Credit, you’ll get these benefits:

• The flexibility to apply for a line from $1,000 to $10,000.

• The option to have your payments automatically deducted from your checking account.

Please view the Cash Reserve Agreement and Account Opening Disclosure.

Loan Products



Parameters & Fees

Cash Reserve

18.00% APR

3% of outstanding balance due monthly

Min: $1,000     Max: $10,000

• Annual fee: $25 1

• Cash Advance Fee: $10 1

• Must have open consumer
  checking account; all account
  owners must apply

• Accounts for minors do not
  qualify (UTMA and 18/65)

Personal Line
of Credit

Prime plus 5.0%

• interest only monthly

• Matures in 5 years
  (balance due in full at

Min: $5,000     Max: $25,000

• $50 annual fee (waived for
  Premier customers)

• A personal financial statement
  or tax return if self-employed
  must be submitted with

Consumer loan rates effective 2/1/17.

1. Fee is waived if your account is linked to a Premier Checking account.

Three Easy Ways to Apply

Online: Complete our online application.

By phone: Call 1-800-EASTERN (327-8376).

At any Eastern Bank branch: Use our branch locator to find one near you.