East Boston Savings Bank, now known as Rockland Trust, offers an excellent opportunity for investors to protect their financial future through Certificate of Deposit accounts. With a proud history of providing trusted banking services and a commitment to helping individuals grow their wealth, East Boston Savings Bank’s CD rates offer a secure and reliable option for those looking to maximize their savings.

Let’s see how they are making the path of investment smother through the CD rate offers;

East Boston Savings Bank CD Rates Offers

The popular CD options of East Boston Savings Bank are;

4-Month CD

Key Features

  • With an annual percentage yield (APY) of 5.25%, this 4-month CD provides a competitive interest rate, allowing your money to grow over a short period.
  • This term offers a short commitment, making this CD suitable for those seeking a quicker return on their investment.


  • This CD has a shorter term, so if you anticipate needing access to your funds in the near future, it might not be the most flexible option.

Pros & Cons

Competitive 5.25% APYLimited Flexibility
Short-term CommitmentReinvestment Risk

6-Month CD

Key Features

  • With an APY of 4.00%, this CD offers a slightly higher interest rate, providing a more substantial return compared to shorter-term options.
  • The 6-month term strikes a balance between short-term flexibility and longer-term growth, making it suitable for those looking for a mid-range investment horizon.


  • While the term is moderate, there is still a commitment involved, and access to funds may be limited during the term.

Pros & Cons

4.00% APYLock-In Period
Moderate TermOpportunity for Reinvestment

Select 12-Month CD

Key Features

  • The 4.50% APY is competitive, allowing for a promising return in a decent amount of time.
  • $1,000 minimum deposit creates access for a wide range of investors.


  • While still relatively short term, there is more commitment involved in this term when compared to other, shorter options.

Pros & Cons

Competitive 4.50% APYPotential for Higher Returns
Longer term

Are East Boston Savings Bank CD Rates Competitive?

East Boston Savings Bank offers competitive CD rates across various terms. With very competitive APYs and a variety of term lengths, East Boston Savings Bank offers investors a myriad of great opportunities. Additionally, the $1,000 minimum deposit on each term creates a very low point of entry for investors who are interested in CDs, without wanting to invest too much money.

Overall, East Boston Savings Bank offers a good mix of term variability and competitive rates that create the potential for promising returns. However, as with any financial institution, it is important to ensure that you get in contact with a branch before opening an account, just so that you have all the necessary information.

Overview East Boston Savings Bank 

Established in 1991, East Boston Savings Bank is a recognized banking institution in Boston and throughout Massachusetts. Currently, they are the 6th largest bank in the commonwealth, as well as the 197th largest bank in the nation. It is primarily regulated by the FDIC and holds an “A” rating based on its size, health, and stability as an institution.

In terms of its ratings, East Boston Savings Bank currently maintains an “A+” rating for its Texas Ratio and Texas Ratio Trend. This is because its Texas Ratio itself only stands at 0.34%., which is far below the “at risk” rating level of 100%. Its Capitalization rating of 11.6% is also solid enough to earn an “A” rating. Its only weak point is its Deposit Growth, which has dipped by 1.82% recently and earned only a “C” rating.

Locations East Boston Savings Bank 

Each of East Boston Savings Bank’s various CD and IRA accounts is available to residents of the Commonwealth of Massachusetts. Namely, residents in the following cities can visit their local branches to learn more about these offers:

  • Allston
  • Belmont
  • Boston
  • Brighton
  • Brookline
  • Burlington
  • Cambridge
  • Danvers
  • Everett
  • Lynn
  • Lynnfield
  • Medford
  • Melrose
  • Peabody
  • Revere
  • Roslindale
  • Salem
  • Saugus
  • Somerville
  • South Boston
  • Wakefield
  • West Roxbury
  • Winthrop

Frequently Asked Questions

Did East Boston Savings Bank change their name?

As of 2021, East Boston Savings Bank has merged with Rockland Trust, now going by the latter.

Is there an option for automatic renewal at the end of the CD term?

Yes, East Boston Savings Bank typically provides the option for automatic renewal at the end of the CD term. This allows for a seamless continuation of your investment.

Can I access my funds before the maturity date of the CD?

Generally, CDs are time deposits with limited liquidity. Early withdrawals are possible but you have to pay a penalty.

How often are CD interest payments made at East Boston Savings Bank?

The frequency of interest payments depends on the specific CD type. East Boston Savings Bank typically offers CDs with interest paid either monthly, quarterly, semi-annually, or at maturity.

Are there any additional perks or bonuses for opening a CD with East Boston Savings Bank?

East Boston Savings Bank may offer promotional perks or bonuses periodically. The ongoing promotions, special offers, or additional benefits are available on the official website as per the requirements and needs of the people.