Rates Current as of Tuesday September 07, 2010

Eastern Bank Locations

Posted in December 1st, 2009

Eastern Bank is based in Boston, Massachusetts and is the largest independent and mutually owned bank in New England. Eastern Bank has more than 80 bank branches throughout Massachusetts that offer an array of commercial, business and personal banking services.
Eastern Bank offers a number of retail banking and financial services including checking and savings accounts, [...]

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CD Rate Updates

CD Interest Rates Continue to Fall July 19, 2010

National certificate of deposit rates once again moved lower for the week ending July 16, 2010. According to the most recent survey of bank CD rates performed by Selectcdrates.com, CD interest rates were lower for three of the five CD maturities measured and remained unchanged for the remaining two terms.
The average of the top [...]

Bank CD Interest Rates June 21, 2010

Certificate of deposit interest rates were just fractionally lower for the week ending June 18, 2010 based on the survey of bank CD rates performed by Selectcdrates.com. National CD rates for the three month, six month and two year maturities ended the week unchanged from the prior week. The one year and five [...]

Bank Certificate of Deposit Rates June 14, 2010

Certificate of deposit interest rates ended the week on June 11th with mixed results across the various maturities. The average yield for the five year CD rates ended with a gain on the week while the six month and one year term CDs remained unchanged. Unfortunately, the average rate on the top ten [...]

Banking & CD FAQs

What does FDIC deposit insurance cover?

FDIC insurance covers deposits received at an insured bank. Types of deposit products include checking, NOW, and savings accounts, money market deposit accounts or MMDAs, and time deposits such as certificates of deposit or CDs.

How does a credit crunch occur?

A credit crunch occurs when there is either a lack of available in the credit market or lending institutions such as banks, thrifts and credit unions are reluctant to extend credit. At the present time, lending institutions have suffered losses from previous loans, and they are generally unwilling to take significant additional risks or

When you open a deposit account, what kinds of disclosure does a bank have to make?

Before you open an account, banks must provide you with certain disclosures regarding their deposit products. This enables you to make meaningful comparisons among banks. The disclosures must be in writing and in a form you can take home. The bank must disclose information about the following: interest rates, crediting and compounding

How do I avoid the ATM charges when I am only taking out a small amount money?

The first method is to simply use your banks owned ATMs. Most all banks do not charge for ATM activity on their own ATM machines. The other method would be to use your ATM/Debit card for purchases and request cash back at the same time, making sure it is a merchant that offers

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