Eastern Bank CD Rates: Highest Rate at 5.27% APY

Eastern Bank CD rates are competitive for both the bank's personal CD rates and business CD rates. In fact, the CD rates for both types of certificates of deposit are exactly the same. Current 12-month CD Rates at Eastern Bank are at 5.10% APY, 9-month CD rates are at 5.27% APY and 6-month CD rates are at 5.05% APY. Below is a list of Eastern Bank CD rates and more information about the bank's certificates of deposit.

Eastern Bank CD Rates

Eastern Bank Business CD Rates

Benefits of Certificates of Deposit (CDs)

If you're focused on long-term saving and higher returns, Eastern Bank CDs could be a strategic addition to your financial plan.

Interest Rate Flexibility

Rates and APYs are subject to change, except for fixed-rate CDs, which maintain their rates for the entire term.

When Interest Begins to Accrue

Interest on non-cash deposits starts accruing when the bank credits the deposit. For CDs, interest begins to accrue on the deposit day.

Interest Compounding

Monthly compounding is standard for most interest-bearing accounts. For CDs with less than one-year terms, interest is credited at maturity without compounding.

Account Minimums

Key minimums for each account type are:

You need a daily minimum balance of $10 in an interest-bearing account to earn interest.

Tiered Interest Rates

Tiered-rate accounts offer varying interest rates depending on the balance. Details are provided at account opening and are also available online.

Fee Waivers

Different criteria, like daily balance or average daily balance, determine the minimum required to waive any monthly maintenance fees.

Balance Computation Method

Eastern Bank uses the daily balance method to compute interest, applying a periodic rate to each day’s ending principal balance. For a comprehensive overview of CD rates from all banks and credit unions view our CD rates lists.