Savings and CDs

Running a successful business requires getting the most from every dollar. At Eastern Bank, we offer a wide array of solutions to help you get more out of your savings, and enjoy the assurance of FDIC protection.

With our Limited Time High-Yield rates, earning has never been easier.

  • Earn 4.59% Annual Percentage Yield1 with our 12 Month Featured CD2.
  • Earn 2.53% Annual Percentage Yield1 for balances $250,000 and above with our Featured Business Select Money Market.

Click here to view our FEATURED rates With Annual Percentage Yields as high as 4.59%1

Savings & Money Market

 

  Business
Select Money Market
Business
Prime Liquid Assets
Business
Statement Savings
Ideal for Businesses that want a versatile account and a premium interest rate Businesses looking for a savings option with limited check writing Businesses looking for a low-cost account that earns interest regardless of account balance
Minimum Opening Deposit

$50

$50

$25

Monthly service charge

$7

$7

$2

Minimum daily balance to waive fee

$2,500

$2,500

$500

Interest paid

View Rates

View Rates

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Ability to access account using an Eastern Bank Business ATM/Debit Card

X

X

X

Check writing capability1

 

X

 

       
  1. In each monthly statement period, you may make no more than six (6) transfers and/or withdrawals by means of preauthorized, automatic telephone or computer instructions or checks when applicable.

 1Annual Percentage Yield (APY) is accurate as of 1/26/2023. This offer, interest rates, or APY may change at any time at the discretion of the Bank. Fees may reduce earnings. Please refer to the Business Deposit Account Agreement for details.

2 A penalty may be imposed for early withdrawal. Certificates of Deposit will be renewed at standard Business Account CD rates at maturity, unless the depositor instructs the Bank otherwise.