EBSB Direct Is Offering A 19-Month CD at 1.61%

Earlier today, EBSB Direct began offering a 19-month CD a 1.61%. This rate is nationally offered and requires only a $1,000 minimum.

At the time of this writing, this rate is higher than any nationally offered 18-month CD and as high as all but the 5 highest nationally offered 2 year CD rates. This offer is therefore compellingly priced on a national level. Of course, there may be higher rates offered in certain markets and you will want to review local rates for 18-month CD rates here and for 2-year CD rates here to see rates in your market before locking in.

Please note that BestCashCow sees short CDs as somwhat compelling now. However, after the recent Fed move, we think some level of caution is warranted right now around all CD products. Savings rates are rising now, and you run the risk of locking into something that will be offering less than the best savings rates in a matter of months.

EBSB Direct is a subsidiary of East Boston Savings Bank. You can learn more about the online bank here, and its parent here.

More information on this and other special-rate CDs can be found here.