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866-354-3272
292 Cambridge Street
Cambridge, MA 02141

East Cambridge Savings Bank is headquartered in Cambridge and is the 37th largest bank in the state of Massachusetts. It is also the 789th largest bank in the nation. It was established in 1854 and as of December of 2013, it had grown to 154 employees at 9 locations. East Cambridge Savings Bank has a A health rating.

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Reviews (2)

Isave Club Is A JOKE!

I went into a branch today to open one and they told me that it's for kids only!!!  What crap.  I claimed false advertising and misleading the public.

Great Bank*

This is a great bank, with great customer service. If you ever need assistance, they are easy to talk to, and they make sure they have you satisfied before leaving. The Inman Sq. location in Cambridge is the best. Plenty of parking in their lot (which is hard to find in Cambridge). Knowledgeable customer service, and the manager was a pleasure to deal with.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 East Cambridge Savings Bank had $2.01 million in non-current loans and owned real-estate with $87.1 million in equity and loan loss allowances on hand to cover it. This gives East Cambridge Savings Bank a Texas Ratio of 2.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for East Cambridge Savings Bank decreased dramatically from 5.69% as of December 31, 2012 to 2.31% as of December 31, 2013, resulting in a positive change of 59.40%.This indicates that the balance sheet and financial strength for East Cambridge Savings Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, East Cambridge Savings Bank has increased its total deposits by $19.68 million, resulting in 2.75% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth East Cambridge Savings Bank has shown is above average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. East Cambridge Savings Bank has $847.48 million in assets with $87.1 million in equity, resulting in a capitalization level of 10.28%, which is above average.

Institution Statistics

Overall
FDIC Certificate #90173
Year Established1854
Employees154
Primary RegulatorFED
Assets and Liabilities
Assets$847.48 million
Loans$551.14 million
Deposits$735.12 million
Equity Capital$83.07 million
Loan Loss Allowance$4.03 million
Unbacked Noncurrent Loans$1.85 million
Real Estate Owned$165,000
Historic Data - December 2012
Assets$831.15 million
Equity Capital$85.74 million
Loan Loss Allowance$4.05 million
Unbacked Noncurrent Loans$1.85 million
Real Estate Owned$182,000
Profit Margin - Quarterly
Net Interest Margin2.99%
Return on Assets0.35%
Return on Equity3.61%
Interest Income$27.95 million
Rates

Always verify rates and promotions with the bank or credit union. We are not East Cambridge Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

East Cambridge Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%-$50ki Save Club
0.40%$25k-Special Select Banking Package - Savings Account
0.25%-$500kBusiness Advantage Savings
0.20%$100k-Advantage Savings
0.20%$1k-Relationship Savings
0.15%$10k-Special High Yield Savings
0.15%--Statement Savings
0.15%--Passbook Savings

East Cambridge Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$5k-Money Market Management
0.15%--Money Market Deposit
0.15%--IRA Money Market

East Cambridge Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Connection Checking
0.20%$50k-Business Select Banking
0.05%--NOW Checking

East Cambridge Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-3 Year CD
0.90%$1k-2 Year CD
0.75%$1k-15 Month CD
0.75%$1k-17 Month CD
0.40%$1k-9 Month CD
0.30%$1k-5 Month CD
0.30%$1k-7 Month CD
Locations


East Cambridge Savings Bank Locations
Arlington Branch105 BroadwayArlington, MA 2474
Cambridge Branch1310 Cambridge StreetCambridge, MA 2139
Cambridge Branch2067 Massachusetts AvenueCambridge, MA 2140
Salem Street Office Branch243 Salem StreetMedford, MA 2155
Highland Branch285 Highland AvenueSomerville, MA 2143
East Cambridge Savings Bank292 Cambridge StreetCambridge, MA 2141
Trapelo Road Banking Center395 Trapelo RoadBelmont, MA 2478
Cambridge Branch459 BroadwayCambridge, MA 2138
Wal-Lex Shopping Center Branch860 Lexington StreetWaltham, MA 2452