Website: https://www.easternbank.com

Authority: Eastern Bank is one of the largest community banks in Massachusetts that began bank in 1818 with about 100 branches across the state. Its CD products are FDIC insured. 

How to open an Eastern Bank Certificate of Deposit:

You can open through a traditional branch but also begin the process online at website: https://www.easternbank.com

Online it asks to complete a form that asks for asks details about account ownership structure(single/joint), deposit amount, CD term, as well as personal information such as names, DOB, SSN, address, email and employer name.

Once the form is submitted you will receive an account opening package and account disclosures in the mail with instructions including opening deposit guide.  

You can contact their consumer service team: 1-800-EASTERN (327-8376) for help in opening an account.

You can also visit a physical Eastern Bank branch with nearest locations available in Massachusetts  and New Hampshire.

Information on Eastern Bank 1 Year CD Rates:

While the federal reserve policies can affect borrowing and deposit rates, regional banks such as Eastern Bank are subject to more pressure for deposits credit unions and larger banks can outbid them for deposits. With a large traditional bank branch network presence to maintain across the state its rates can be more conservative than online banks. 

The displayed rate is for the premier CD product and requires a minimum of $500 deposit.