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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.

Simple Savings

This plan is perfect for short-term savings goals, as a starter account for kids or just as a great, all-around, simple saving account.

The finer points:

    • $10 minimum account opening deposit
    • No monthly maintenance fee (when you meet balance requirements)1

See chart below for more details

Open an Account

1Maintain a balance of $250 to waive the $5 monthly fee or enjoy your account fee-free if you've notified us that you're under 18 or over 65.

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.

The finer points:

  • $25 minimum account opening deposit
  • No monthly maintenance fee (when you meet balance requirements)2

See chart below for more details

Open an Account

2Maintain a balance of $1,000 to waive the $10 monthly fee.

Performance Plus Money Market

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

The finer points:

  • Get interest rates as high as 1.70% Annual Percentage Yield (APY) with qualifying balances3
  • Feel confident with a product that has FDIC and DIF insurance
See chart below for more details

Open an Account

3This offer is available beginning April 13th, 2018 for new accounts opened with new funds, not previously on deposit at Cambridge Savings Bank. Minimum opening deposit of $10.00. The minimum balance to obtain the 1.70% APY is $30,000. If your balance drops below $30,000, the interest rate is 1.34% and the APY is 1.35%. A minimum daily balance of $10.00 is required to earn the 1.35% APY. The maximum account balance to receive the 1.70% APY is $5,000,000. This is a variable rate tiered account and rates may change after account is opened. Offer available only if you live or work in New England. This offer is available for new accounts only and there is a limit of one account per household. Fees may reduce earnings.

Saving Account Rates  

Rates effective as of: April 19, 2018

PRODUCT INTEREST RATE ANNUAL PERCENTAGE YIELD1 MINIMUM DEPOSIT TO OPEN MINIMUM DAILY BALANCE TO EARN APY
Simple Savings 0.05% 0.05% $10.00 $10.00
Performance Money Market


0.20% 0.20% $25.00 $10.00 - $9,999.99
0.25% 0.25% $25.00 $10,000.00 - $29,999.99
0.30% 0.30% $25.00 $30,000.00 - $49,999.99
0.35% 0.35% $25.00 $50,000.00+
Performance Money Market – Bonus Tier2 0.75% 0.75% $25.00 $50,000.00+
Performance Plus Money Market3 1.34% 1.35%  $10.00 $10.00—$9,999.99
1.34% 1.35%  $10.00 $10,000.00—$29,999.99
1.69% 1.70%  $10.00 $30,000.00—$49,999.99
1.69% 1.70%  $10.00 $50,000.00+
Performance Plus Money Market - Bonus Tier2 1.78% 1.80%  $10.00 $50,000.00+

1Annual Percentage Yield. Rates on the above accounts may change after the account is opened. Fees could reduce earnings on these accounts.

2Bonus tier for customers with a Performance Plus Checking Account.

3This offer is available beginning April 13th, 2018 for new accounts opened with new funds, not previously on deposit at Cambridge Savings Bank. Minimum opening deposit of $10.00. The minimum balance to obtain the 1.70% APY is $30,000. If your balance drops below $30,000, the interest rate is 1.34% and the APY is 1.35%. The maximum account balance to receive the 1.70% APY is $5,000,000. This is a variable rate tiered account and rates may change after account is opened. Offer available only if you live or work in New England. This offer is available for new accounts only and there is a limit of one account per household. Fees may reduce earnings.

 

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. 

The finer points:

  • $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)

Open an Account

Rates effective as of: April 19, 20181

PRODUCT INTEREST RATE APY
15 Month Special2 1.64% 1.65%
37 Month Special2 2.38% 2.40%
3 Months 0.25% 0.25%
6 Months 0.35% 0.35%
1 Year 0.45% 0.45%
2 Years 0.80% 0.80%
3 Years 0.90% 0.90%
5 Years 2.23% 2.25%

1Rates are subject to change without notice. The APY is based on monthly compounding with funds held to maturity. Additional funds to CDs are not permitted. All CDs are available as Retirement accounts with a $500 opening deposit. 

Substantial penalties for early withdrawal may be imposed. Fees may reduce earnings. For more information, please refer to our Fee Schedule and Understanding Your Deposit Accounts brochure, CD Special disclosure, and the CD Truth in Savings Addendum.

2Maximum amount of the deposit for the 15 month and 37 month CD is $1,000,000.00. Offer not available online and you must live or work in New England to be eligible for this offer. Limit one promotional account per household.

For more details on our savings accounts, please refer to our Deposit Account Agreement and Fee Schedule.

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