bank rates

East Boston Promotes Good Odd-Term CD

EBSBdirect has one of the best deals on an odd-term CD that we’ve seen in some time.

Its 10-month certificate of deposit is paying 1.77% APY -- nearly as much the 1.80% APY you can currently earn with the top-paying 12-month CD.Its 10-month certificate of deposit is paying 1.77% APY — nearly as much the 1.80% APY you can currently earn with the top-paying 12-month CD.

EBSBdirect is the online operation of East Boston Savings Bank, which has 13 branches in the Boston area.

The offer is available nationwide, you can apply online, and only need a minimum deposit of $1,000, although that has to be money not currently on deposit at East Boston.

Banks usually offer better-than-average CD rates on odd-term certificates of deposit to attract new customers.

They choose a 17-month or a 10-month term so they don’t have to pay the higher rate on every traditional 6-month or 12-month CD that matures.

Use our database of CD rates to compare this rate with the best deals from scores of other banks.

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Comments (2)
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2 Existing Comments
  1. zaqxsw said:
    on May 2nd at 06:32 am

    Not offerred in Ohio

  2. DealMaven said:
    on May 3rd at 08:46 am

    Unfortunately, it’s not offered in a lot of places. EBSB reined in its service area. The EBSBDirect promotion on its 10-month and 36-month CDs is only available to residents of New England and New York.