Average User Rating:3.5 star rating based on 3 reviews.
Cambridge Savings Bank
Cambridge Savings Bank Locations| 1374 Massachusetts Avenue Cambridge, MA 02138 (888) 418-5626 www.cambridgesavings.com  |
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Cambridge Savings Bank is headquartered in Cambridge and is the 10st largest bank in the state of Massachusetts. It is also the 301st largest bank in the nation. It was established in 1834 and as of December of 2011, it had grown to 291 employees at 17 locations. Cambridge Savings Bank has a 5-star health rating.
Related Posts
Cambridge Savings Bank Dropped Rate From 3.25% To 2.75%... (Forum) - 4/15/2011
still at $25K.
Cambridge Savings Bank (SuperSmart Checking, Mass) Rate Dropped From 4% To 3.25%... (Forum) - 12/31/2010
Same limit of $25,000. Effective 1 January 2011. Just noticed it this morning, a New Year present:-) I just opened two accounts with them, thinking that the rate (4% APY) may prolong for a while since it is a relatively larger bank with
Cambridge Savings Bank Enhances Its High-Yield Reward Checking Account - MA Only - 11/4/2010
Just over a year ago I first reported on Cambridge Savings Bank's reward checking account called SuperSmart Checking. It had offered a 4.00% APY on balances up to $25K. However, there was a deal kille ...
I Opened The 4% High Yield Checking Account About Two Months Ago And Am Very Impressed With The Bank (Forum) - 12/29/2009
I opened the 4% high yield checking account about two months ago and am very impressed with the bank. The on-line process to open the account was easy. It took about a week to get the debit card that is required to get the high interest rate. I had a coup
2009
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Data for Q4 2011
Institution Statistics
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Institution Health
Overall Score:
5 out of 5 
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Cambridge Savings Bank Is Ok After All...
- 51hh - Saturday, November 6, 2010 - 4:41 PMSince they changed/enahnced their SuperSmart Checking terms (from 15 debit transactions to 10 and from monthly fee waived only with 20 debit transactions to no monthly fee), and one branch is just one mile from my home; I went in and opened an account with them this morning.
The account opening is both smooth and speedy. I later wanted to add my wife to my account (as a joint account) and it took ten more minutes. Some great benefits:
-- Unlimited ATM refund with other banks
-- Friendly and superb customer service
-- One box of free checks, plus starter checks
-- ID monitor/protection
-- Free ACH to other banks (very rare these days)
-- Large asset size ($2.2B)
-- FDIC plus Mass DIF protection
-- Minimum check-hold even for new accounts (next-day availability)
Well, I do not like the hard-pull, but it is worthwhile in this case.
I think it is a good bank with a good reward checking account offer.
8
Better Than Most
- LP - Wednesday, October 12, 2011 - 3:17 PMThis is a great bank with excellent customer service. The interest for SuperSmart Checking is currently at 2% annually which is a lot lower than a year ago (4%), but still very good in comparison to other banks. The requirements are not too difficult to meet with (1)10 debit transactions per month, (2)eStatement enrollment, and (3)direct deposit (no minimum).
Keep in mind, credit transactions on the debit card DO count as debit transactions. No fee if you do not meet the 3 requirements, and ATM fees are STILL reimbursed. You can only have one account per household, which caps the SuperSmart interest to $25,000 per household (.025% on funds greater than that OR on everything if you don't meet the requirements).
The only annoyance I've encountered iis that the bank charges for debit card replacement. I think this is fair, especially compared to the fees other banks charge on ridiculous requirements, but still an annoyance.
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Featured Accounts
Nationwide Savings Accounts
Poor Customer Service And Will Deny Clients With High Credit Scores
As strange this may appear, this bank denied my application for a high yield checking, since I have over 820 credit score, and already a checking with Danversbank (just maxed out the $25k limit). So they must have figured that I want to park $25k and do all the requirements to qualify for the 4% APY.
They will deny clients like that, since they make money when you forget to meet all requirements.
Also, they pull a HARD inquiry on your credit score, I learned the hard way, even though they only disclaim a "verification inquiry".