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Business Money Market

You want to earn a competitive rate on your excess funds but want the flexibility of accessing them as needed.

What it offers:
  • Earns a variable tiered interest rate; compounded and credited monthly
  • Check writing privileges
  • Transfers to another account or to third parties by pre-authorized, automatic or telephone transfers are limited to 6 per statement cycle (no more than 3 checks can be made to a third party)
  • Monthly statement

 

What it costs:
  • $8 monthly fee
  • $5 fee for each check debited in excess of 3 per statement cycle
  • $2,500 minimum to open

 

How to waive the monthly fee: Maintain $2,500 minimum daily balance

Business Money Market Account as of May 7, 2008
     Minimum to open $2,500
    
Balances From To Interest Rate* Annual Percentage Yield (APY)*
$10.00 $2,499.99 0.25% 0.25%
$2,500.00 $24,999.99 1.74% 1.75%
$25,000.00 $49,999.99 1.98% 2.00%
$50,000.00 $99,999.99 2.37% 2.40%
$100,000.00 $249,999.99 2.57% 2.60%
$250,000.00 Over 2.76% 2.80%
*Rate may change after account opening without notice.
*Fees may reduce earnings and are subject to change without notice.

If you have any questions about East Boston Savings Bank's business deposit products or services, please contact our Call Center at (800) 657-EBSB, or click "Contact Us" to e:mail our Retail Support Services.


Member FDIC. Member DIF. Equal Housing Lender. Equal Opportunity Lender.

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