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Deposit Services
EBSB wants to help your business succeed. By getting to know you and your business, we can tailor a package of banking products that suits your particular situation. Start with one of our business checking accounts and grow with Internet banking, business money market or take advantage of our cash management program.
Business Checking 100
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- No monthly fee, no minimum balance required
- 100 free transactions per statement cycle, includes checks paid, deposits, deposited items, ATM withdrawals, POS transactions, transfers, ACH debits, and ACH credits
- ATM or Visa® Business Debit Card access
- $50 minimum to open
$.50 for each transaction in excess of 100 per statement cycle
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Business Checking 200
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- 200 free transactions per statement cycle, includes checks paid, deposits, deposited items, ATM withdrawals, POS transactions, transfers, ACH debits, and ACH credits
- ATM or Visa® Business Debit Card access
- $50 minimum to open
$.50 for each transaction in excess of 200 per statement cycle
$15 monthly fee ($15,000 minimum combined average daily balance required between
business checking, savings, CDs, and money market accounts to waive monthly fee)
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Business Checking
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- Unlimited Transactions
- ATM or Visa® Debit Card access
- $50 minimum to open
- $10 monthly fee
- $.18 per check paid
- $.80 per deposit
- $.10 per deposited item
- Monthly fees offset by variable earnings credit allowance
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Business Interest Checking
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Available to sole proprietors, non-profit organizations, and government entities
- Earns a competitive variable interest rate
- Unlimited transactions
- ATM or Visa® Business Debit Card access
- $50 minimum to open
- $5 monthly fee
- $.18 per check paid
- $.80 per deposit
- $.10 per deposited item
Effective Date: 12/31/2008
Business Interest Checking |
| Balances From | To | Interest Rate | Annual Percentage Yield |
| $0 | $999.99 | .15% | .15% |
| $1,000 | $2,499.99 | .15% | .15% |
| $2,500 | $9,999,99 | .15% | .15% |
| $10,000 | $24,999.99 | .25% | .25% |
| $25,000 | over | .50% | .50% |
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Business Money Market
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- Earns a variable tiered interest rate; compounded and credited monthly
- No risk investment that pays a higher interest rate
- Check writing privileges
- Six preauthorized, automatic, or telephone transfer to another account or to third parties per statement cycle (no more than three checks can be made to a third party)
- Available to Massachusetts residents
- Insured in full by the FDIC and DIF
- $2,500 minimum to open
- $8 monthly fee if your minimum daily balance falls below $2,500
- $10 fee for each check, draft, debit card or online banking transaction to a third party in
- excess of 3 per statement cycle
Effective Date: 12/31/2008
Money Market Account |
| Balances From | To | Interest Rate* | Annual Percentage Yield |
| $10 | $2,499.99 | .25% | .25% |
| $2,500 | $24,999.99 | 1.74% | 1.75% |
| $25,000 | $49,999.99 | 1.98% | 2.00% |
| $50,000 | $99,999.99 | 2.37% | 2.40% |
| $100,000 | $249,999.99 | 2.57% | 2.60% |
| $250,000 | Over | 2.76% | 2.80% |
Minimum to open $2,500.
*Rate may change after account opening.
Fees may reduce earnings and are subject to change without notice.
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Business Statement Savings
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- Earns a variable tiered interest rate; compounded and credited monthly
- Withdraw at any time without notice or penalty
- ATM Card access
- $50 minimum to open
$1 monthly fee if below $350 minimum daily balance
Effective Date: 12/31/2008
Business Statement Savings |
| Balances from | To | Interest Rate | Annual Percentage Yield |
| $10 | $999.99 | .25% | .25% |
| $1,000 | $2,499.99 | .25% | .25% |
| $2,500 | $9,999.99 | .75% | .75% |
| $10,000 | $24,999.99 | 1.00% | 1.00% |
| $25,000 | $49,999.99 | 1.08% | 1.09% |
| $50,000 | over | 1.38% | 1.39% |
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Business Banking