On Tuesday, November 24, an update to your Business Mobile Banking App will be available for you to download. This update contains important security features that need to be established. If you have automatic updates enabled on your iPhone®, Tablet, or Android device then no further action is required. If you do not have automatic updates enabled, please download the updated Cambridge Savings Bank Business Banking App from the App Store® or get it on Google PlayTM. 
If you have any questions, commercial clients please call Client Services at 617.441.7051 Monday through Friday (excluding Federal Holidays). 8:00am – 5:30pm. Small Business clients, please call the Customer Contact Center at 888.415.5626 Monday through Friday (excluding Federal Holidays) 9:00am-6:00pm or on Saturdays from 9:00am to 3:00pm.
 

Savings

We protect your money. And enable you to achieve your dreams.

Short term or long term, from simple savings plans to accounts with more perks, we can help you reach your goals. All of our savings accounts are fully insured by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF) with competitive rates, so you can feel safe while your money grows with us.

  • Performance Money Market

    Earn a competitive interest rate and have easy access to your funds while helping your balances grow faster with our money market account.

    • $1 minimum account opening deposit

    • No monthly maintenance fee (when you meet balance requirements)2

    See chart below for more details

    Apply Now See Full Terms & Disclosures

    Not sure if Performance Money Market is right for you? We’ll help you find what is!

  • Performance Plus Money Market

    Enjoy a great interest rate with our Performance Plus Money Market Special.

    • Get interest rates as high as 0.40% Annual Percentage Yield (APY) with a minimum balance of $30,0003

    • Feel confident with a product that has FDIC and DIF insurance

    • No monthly maintenance fee (when you meet balance requirements)4

    See chart below for more details

    Apply Now See Full Terms & Disclosures

    Not sure if Performance Plus Money Market is right for you? We’ll help you find what is!

Ready to get started?
Open a Savings Account Today!

Apply Now
Savings Account Rates
Rates effective as of: November 19, 2020
PRODUCT INTEREST RATE ANNUAL PERCENTAGE YIELD5 MINIMUM DEPOSIT TO OPEN MINIMUM DAILY BALANCE TO EARN APY
Simple Savings 0.05% 0.05% $1 $10
Performance Money Market 0.10% 0.10% $1 $10 - $9,999.99
Performance Money Market 0.15% 0.15% $1 $10,000 - $29,999.99
Performance Money Market 0.20% 0.20% $1 $30,000 - $49,999.99
Performance Money Market 0.25% 0.25% $1 ≥ $50,000
Performance Money Market – Bonus Tier6 0.40% 0.40% $1 ≥ $50,000
Performance Plus Money Market3 0.20% 0.20% $1 $10 - $9,999.99
Performance Plus Money Market3 0.30% 0.30% $1 $10,000 - $29,999.99
Performance Plus Money Market3 0.40% 0.40% $1 $30,000 - $49,999.99
Performance Plus Money Market3 0.40% 0.40% $1 ≥ $50,000
Performance Plus Money Market - Bonus Tier6 0.50% 0.50% $1 ≥ $50,000
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Certificates of Deposit (CDs)

CDs are a safe and secure way to grow your funds for the long-term. We offer a variety of CD options with term lengths to help you reach your savings goals. 

Benefits:

  • $1,000 minimum account opening deposit
  • $500 minimum account opening deposit for IRA CDs
  • Interest rate guaranteed for the length of the term
  • $10 minimum daily balance required to earn annual percentage yield (APY)
Apply Now
Certificates of Deposit7
Rates effective as of: November 19, 2020
PRODUCT INTEREST RATE APY
11 Month Special 8 0.75% 0.75%
3 Months 0.15% 0.15%
6 Months 0.25% 0.25%
1 Years 0.50% 0.50%
2 Years 0.60% 0.60%
3 Years 0.60% 0.60%
5 Years 0.65% 0.65%

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