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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

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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

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 1.35% 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

 Rates effective as of: February 15, 2018

PRODUCT INTEREST RATE ANNUAL PERCENTAGE YIELD4 MINIMUM DEPOSIT TO OPEN MINIMUM DAILY BALANCE TO EARN APY
Simple Savings 0.05% 0.05% $10 $10
Performance Money Market


0.05% 0.05% $25 $10 - $9,999.99
0.10% 0.10% $25 $10,000 - $29,999.99
0.15% 0.15% $25 $30,000 - $49,999.99
0.20% 0.20% $25 $50,000+
Performance Money Market – Bonus Tier5 0.60% 0.60% $25 $50,000+
Performance Plus Money Market Account Special3 0.10% 0.10% $10,000 $10 —$9,999.99
1.34% 1.35% $10,000 $10,000—$1,000,000.00

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.

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

3This special offer is available beginning January 2nd, 2018. Minimum opening deposit of $10,000 new funds, not previously on deposit at Cambridge Savings Bank with a maximum opening deposit of $1,000,000.00. The Annual Percentage Yield (APY) is effective from the date of deposit through a minimum of 90 days following the date of deposit. Your rate will change at some point after April 2, 2018 following the 90 day special offer period when new accounts will convert to our regular Performance Money Market Account. The Performance Plus Money Market Account Special is a variable rate product. Customers who have existing Performance Money Market Accounts and wish to deposit at least $10,000 in new money will be converted to the Performance Plus Money Market Account for at least 90 days. Following the 90 day special all Performance Plus Money Market accounts will either convert or revert to a Performance Money Market Account. Based on balance, Performance Money Market Accounts will receive the APY associated with the tier you are in at that time. Transaction limitations may apply, please see the Understanding Your Account Handbook, Current Rate Sheet, and Fee Schedule for more information.

If your balance drops below $10,000, the interest rate and APY is 0.10%. The maximum account balance to receive the stated 1.35% APY is $1,000,000.00.

Offer available only if you work or live in New England, this offer may not be combined with any other special offers and there is one account per household.

Promotional rate and offer date subject to change without notice.

4Annual Percentage Yield. Rates on the above accounts may change after the account is opened. Fees could reduce earnings on these accounts

5Bonus tier for customers with a Performance Plus Checking Account

 

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: February 15, 20181

PRODUCT INTEREST RATE APY
59 Month Special2 1.98% 2.00%
37 Month Special2 1.98% 2.00%
14 Month Special2 1.24% 1.25%
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 1.49% 1.50%

1Rates are effective as of the date of this rate table and 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 14 month, 37 month, and 59 month CD is $1,000,000.00. You must live or work in New England to be eligible for these CD specials. 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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