By paying interest on the money you deposit and keep in the account, business savings accounts help to improve your cash position.
We offer a variety of savings accounts that earn different levels of interest based on the average monthly balance: the greater the balance, the higher the interest rate.
All deposits at Cambridge Savings Bank are fully insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 for each ownership category; all deposits greater than $250,000 are fully insured by the Depositors Insurance Fund (DIF), providing complete insurance coverage for all deposits of any amount.
Business Savings Disclosures
* Transfers from statement savings accounts or money market accounts to another account or to third parties by preauthorized, automatic, telephone, facsimile, or computerized transfer are limited to six per monthly statement cycle.
Continued transfers/withdrawals exceeding these numbers will result in the permanent restriction of these transfers.