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  2. East Cambridge Savings Bank

East Cambridge Savings Bank


Overview / Commentary
www.ecsb.com
617-551-2454
292 Cambridge Street
Cambridge, MA 02141

East Cambridge Savings Bank is headquartered in Cambridge and is the 36th largest bank in the state of Massachusetts. It is also the 725th largest bank in the nation. It was established in 1854 and as of June of 2022, it had grown to 148 employees at 11 locations. East Cambridge Savings Bank's savings rates are 6X the national average, and it has an A health rating.

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Reviews (2)

East Cambridge Savings Bank Negative Account

Posted by: |

My account has been negative for a few weeks now. After, I had spoken to John he made sure I got off the phone with the right service that I needed to hear today. Thank you! :)

1

Great Bank*

Posted by: |

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.

3


Health
A

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90173
Year Established1854
Employees148
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD8.35%
Annual Interest Income$23.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.43B$1.25B
LoansQ2 2022vs Q2 2021$1.15B$969.6MM
DepositsQ2 2022vs Q2 2021$1.28B$1.09B
Equity CapitalQ2 2022vs Q2 2021$127.4MM$127.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$7.6MM$6.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$182.00K$390.00K
Real Estate OwnedQ2 2022vs Q2 2021$99.00K$100.00K
Rates
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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 cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

East Cambridge Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$100k*-Platinum Preferred Savings - New Money
OTHER TIERS: 1.50% → Up to $100k
3.00%*$100k*-Business Platinum Preferred Savings - New Money
OTHER TIERS: 1.50% → Up to $100k
1.00%*-$50kKasasa Saver
OTHER TIERS: 0.50% → $50k+
0.20%$10-Connection Savings Account
0.10%$10-iSave Club
0.03%$10-Business Advantage Savings
0.03%$10-Passbook Savings

East Cambridge Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$10-Premier Commercial Money Market
0.30%*$50k*-East Cambridge Money Market w/ Bonus
OTHER TIERS: 0.10% → Up to $50k
0.25%*$50k*-East Cambridge Money Market
OTHER TIERS: 0.05% → Up to $50k
0.03%$10-IRA Money Market

East Cambridge Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*-$20kKasasa Cash Checking
OTHER TIERS: 0.50% → $20k+
0.03%--East Cambridge Checking

East Cambridge Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-16 Month CD Special
0.40%$1k-15 Month CD
0.40%$1k-2 Year CD
0.40%$1k-3 Year CD
0.40%$1k-4 Year CD
0.40%$1k-5 Year CD
0.30%$1k-12 Month CD
0.20%$1k-5 Month CD
0.20%$1k-7 Month CD
0.20%$1k-9 Month CD

East Cambridge Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-16 Month IRA Special
0.40%$1k-15 Month IRA
0.40%$1k-2 Year IRA
0.40%$1k-3 Year IRA
0.40%$1k-5 Year IRA
0.40%$1k-4 Year IRA
0.30%$1k-12 Month IRA
0.20%$1k-5 Month IRA
0.20%$1k-7 Month IRA
0.20%$1k-9 Month IRA
Locations


Cities: Arlington, Belmont, Cambridge, Chelsea, Malden, Medford, Somerville, Waltham

Arlington Branches
Arlington Branch105 BroadwayArlington, MA 02474

Belmont Branches
Trapelo Road Banking Center395 Trapelo RoadBelmont, MA 02478

Cambridge Branches
Cambridge Branch1310 Cambridge StreetCambridge, MA 02139
East Cambridge Savings Bank292 Cambridge StCambridge, MA 02141

Chelsea Branches
Chelsa Bank Branch360 BroadwayChelsea, MA 02150

Malden Branches
Malden Banking Center98 Pleasant StreetMalden, MA 02148

Medford Branches
Salem Street Office Branch243 Salem StreetMedford, MA 02155
West Medford Branch9 Playstead RoadMedford, MA 02155

Somerville Branches
Highland Branch285 Highland AvenueSomerville, MA 02143

Waltham Branches
Wal-Lex Shopping Center Branch860 Lexington StreetWaltham, MA 02452

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