Cambridge Savings Bank

Overview / Commentary
1374 Massachusetts Avenue
Cambridge, MA 02138

Cambridge Savings Bank is headquartered in CAMBRIDGE and is the 6th largest bank in the state of Massachusetts. It is also the 215th largest bank in the nation. It was established in 1834 and as of March of 2024, it had grown to 491 employees at 20 locations. Cambridge Savings Bank's money market rates are 9X the national average, and it has an A health rating.

Reviews (1)

Ivy Bank Is Terrible.

Posted by: |

(Ivy Bank is part of Cambridge Savings Bank.) I talked to an Ivy Bank representative over the phone. That representative hung up on me once the call was approaching 6 minutes. I tried calling back and got a message stating that the number you reached is not in service. Ivy Bank blocked my phone number since calling from a different phone number worked. Ivy Bank also ghosted the email I sent afterwards.


Health Grade Components

FDIC Certificate #17870
Year Established1834
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.97%
Annual Interest Income$85.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$6.97B$6.68B
LoansQ1 2024vs Q1 2023$5.72B$5.38B
DepositsQ1 2024vs Q1 2023$5.5B$5.12B
Equity CapitalQ1 2024vs Q1 2023$611.3MM$567.1MM
Loan Loss AllowanceQ1 2024vs Q1 2023$53.6MM$49.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$14.2MM$7.5MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cambridge Savings Bank Savings Account Rates

0.15%$10-Simple Savings
0.02%$10-Basic Savings

Cambridge Savings Bank Money Market Rates

4.25%$50k-High Yield Money Market - Bonus Tier
4.25%$50k-IRA High Yield Money Market IRA - Bonus Tier
4.00%*$50k*-High Yield Money Market
OTHER TIERS: 1.00% $10 - $10k | 1.50% $10k - $30k | 3.75% $30k - $50k
4.00%*$50k*-High Yield Money Market IRA
OTHER TIERS: 1.00% $10 - $10k | 1.50% $10k - $30k | 3.75% $30k - $50k
0.45%*$10$5mSmall Business Money Market Account
OTHER TIERS: 0.40% $5m+

Cambridge Savings Bank Checking Account Rates

3.08%$0-IOLTA Checking Account
3.00%$0$5kCSB One Checking
0.10%$10-Performance Plus Checking

Cambridge Savings Bank CD Rates

4.60%$10-7 Month CD Special
4.60%$10-Business 7 Month CD Special
4.25%$10-2 Year CD
4.25%$10-Business 2 Year CD
3.50%$10-9 Month CD
3.50%$10-Business 9 Month CD
3.00%$10-3 Month CD
3.00%$10-6 Month CD
3.00%$10-Business 3 Month CD
3.00%$10-Business 6 Month CD
2.75%$10-3 Year CD
2.75%$10-Business 3 Year CD
2.00%$10-1 Year CD
2.00%$10-5 Year CD
2.00%$10-Business 1 Year CD
2.00%$10-Business 5 Year CD

Cambridge Savings Bank IRA Rates

4.60%$10-7 Month IRA Special
4.25%$10-2 Year IRA
3.50%$10-9 Month IRA
3.00%$10-3 Month IRA
3.00%$10-6 Month IRA
2.75%$10-3 Year IRA
2.00%$10-1 Year IRA
2.00%$10-5 Year IRA


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