Through This One-stop-shop Model, Customers Can Seamlessly Open, Fund, and Access an Automated Investment Account Directly from their Cambridge Savings Bank Online Dashboard

Today, Cambridge Savings Bank (CSB), a $3.2 bn Boston-area community bank, and SigFig, a Silicon Valley robo-advisor, announced the launch of Connect Invest, the first automated investment service integrated and bundled directly into a retail bank’s product offerings in the United States. With Connect Invest, customers can seamlessly open, fund, and manage an automated investment account – tailored to their financial goals – right from their existing CSB online banking dashboard, creating a one-stop-shop for consumers.

“Through our successful partnership with SigFig, we are thrilled to offer Connect Invest to our retail customers” said Wayne Patenaude, President and CEO of Cambridge Savings Bank. “The impressive digital experience that Connect Invest offers, coupled with its seamless integration into our current banking product and service set, makes the adoption of Connect Invest extremely simple and intuitive for our customers. In addition to providing real value to customers looking to efficiently manage their everyday banking and investments, Connect Invest is a solution that is relevant for all of our consumer segments, at any life stage – millennials and beyond.”

Mike Sha, CEO of SigFig, said: “Consumers today expect better technology and a high-quality client experience from their banks. We are pleased to partner with a trusted financial institution to help deliver affordable investment advice to customers of all wealth and income levels. As the new U.S. Department of Labor fiduciary rule goes into place, which helps make sure that financial companies put the best interests of investors first, these types of innovative partnerships between banks and technology companies will become even more important going forward." About the partnership with CSB, Mike added: "CSB was an incredible partner and we were able to deliver lightening-fast execution in developing this product offering for their accountholders, building Connect Invest in less than two months.”

CSB is the first bank where customers can open an automated investment account adapted to their needs and fund it right from their online banking dashboard. With Connect Invest, CSB clients can:

• Receive bundled banking and investment benefits
• Invest in a diversified, fully automated portfolio adapted to their needs and risk profile
• Keep their current brokerage account where it is*
• Talk with human Financial Advisors, anytime, for free
• Access online and mobile tools to track their investment account’s performance
• Open their account online in 4 minutes
• Assess their current investments for free

In addition to 3 months of free investment management, customers can get up to $250 in cash and experience other banking benefits with an active Connect Invest account. This is available to all clients of the bank starting with a minimum investment of $2,000.

About Cambridge Savings Bank

Cambridge Savings Bank is a full-service financial institution with approximately $3.2 billion in assets that is committed to improving the quality of life in the communities it serves. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services and has 17 branches located in Cambridge, Acton, Arlington, Bedford, Belmont, Burlington, Concord, Lexington, Newton Centre, Newtonville and Watertown. For more information about Cambridge Savings Bank, go to www.CambridgeSavings.com.

About SigFig

SigFig was founded in 2007 to make high-quality investment advice more accessible and affordable to all investors of all wealth levels. Its enterprise platform helps financial institutions rapidly innovate by providing modern client experiences and better technology. For individual investors, SigFig provides an intelligent suite of products that empowers every kind of investor—whether active traders using our portfolio tracker or investors looking for long-term wealth planning. Backed by top-tier venture capital from Union Square Ventures, Bain Capital Ventures, Nyca Partners, and DCM, SigFig helps individual investors track over $400B in assets. Learn more at www.sigfig.com.

*For accounts that are at Schwab, TD Ameritrade or Fidelity.