Available nationwide, EBSB Direct is offering 2.37% APY when you open High Yield Savings Account with a minimum opening deposit of $50. To earn the listed APY rate, fund and maintain a balance of at least $5,000. You can earn up to a maximum balance of $1 Million dollars.
As a customer of EBSB Direct, the FDIC insures your accounts up to the maximum amount of $250,000. This bank and promotional rate is exclusively online, so check out their offer today! See our Bank Bonuses from HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.
Editor’s Note: Because the account is in MA, the account is also DIF insured for balances over $250k. What’s DIF? The DIF is a private, industry-sponsored insurance fund that insures all deposits above Federal Deposit Insurance Corporation (FDIC) limits at Massachusetts-chartered savings banks.
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EBSB Direct Bank Account Info
- Direct Link to Offer
- Account Type: High Yield Savings Account
- Interest Rate: 2.37% APY
- Minimum Balance: $5,000
- Maximum Balance: $1,000,000
- Availability: Nationwide (Online Bank)
- Expiration Date: None
- Credit Inquiry: Soft pull or Hard Pull?
- Opening Deposit: $50 minimum
- Credit Card Funding: No
- Direct Deposit Requirement: None
- Monthly Fee: None
- Additional Requirements: See below for more details
- Early Termination Fee: $25 ETF if the account is closed within 180 days.
- Insured: FDIC & DIF
ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 1-2 days | $250,000 | $1,000,000 | |
| Pull | 1-2 days | $250,000 | $1,000,000 | 10 linked accounts |
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn EBSB Direct Rates
- Open a High Yield Savings Account from EBSB Direct with an opening deposit of $5,000 to earn high rate.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account with new money- Transfer funds electronically from an internal account here or an external account at another bank.
- Earn 2.37% APY for balances between $5,000 and $1 Million.
Why You Should Sign Up For This Account
- Low initial deposit to open a High Yield Savings Account
- Waivable fees by already meeting the APY’s requirement
- Set up online transfers and use your current bank account
- Online-based banking for 24/7 access to accounts
- FDIC and DIF insures your funds so you can have peace of mind
Bottom Line
For those of you looking for a savings account with a high APY rate, look no further as EBSB Direct’s High Yield Savings Account offers a 2.37% APY Rate. All you need is a minimum of $5,000 and you’ll start accruing interest at a high rate as soon as they post to your account.
The High Yield Savings Account comes with no fees and is based online so you can keep track of your money at anytime. If you’re known to save and want high earnings with a experienced company, check out EBSB Direct’s High Yield Saving Account and sign up with them today. Feel free to share your experiences with this bank by commenting below. For more bank offers, see the complete list of Best Bank Rates!
The excess withdrawal fee is an important one to be aware of. It’s not the only fee that EBSB Direct can charge, however.
You’ll also pay additional fees for wire transfers and statement copies.
EBSB Direct Savings Account Fees
Type Fee
Monthly Maintenance Fee $3
Excess pre-authorized withdrawals, transfers or checks $15
Statements with check copies &/or deposit slips only $5/Statement
Incoming wire transfer (domestic) $15
Outgoing wire transfer (domestic) $40
Stop Payment Fee $32
No longer available rate now 1.8% APY 🙁
Call around 8:30 – 9AM, no waiting.
Last friday, mine was approved instantly! and next day trial deposit was already there to verify account
tried to open an account online, after I submitted all of my personal info it told me it cant be open at this time. Tried their phone number, on hold over 20 minutes, stay away.
“You must be a U.S. Citizen to open this account”.