Cambridge Savings Bank Bonuses: $300 Checking Bonus Promotion (MA)

Read on to learn more about Cambridge Savings Bank bonuses, promotions, and offers here.

Update 3/26/25: There’s currently a $300 checking bonus valid through 6/30/25.

Cambridge Savings Bank Bonuses Review

Founded in 1834, Cambridge Savings Bank is a financial institution built to make products and services that help their customers meet their financial goals. Since then they have grown to 17 locations, offer money market rates that are 4X the national average, and have an A health rating.

I’ll go over all Cambridge Savings Bank offers below.

Cambridge Savings Bank $300 Checking Bonus

Cambridge Savings Bank now has a $300 bonus offer when you open a new checking account.

• What you’ll get: $300 Bonus
• Eligible account: Checking
• Where it’s available: MA
• Credit inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: $0-$20; waivable
• How to earn it:
  • Receive a $300 credit to your account when you open a new Personal Checking Account with a $10 minimum opening deposit between 3/1/2025 and 6/30/2025 and complete the following two requirements:
    • (1) Receive cumulative monthly direct deposits totaling $1,000 or more within each of the first three full calendar months following the date the new account is open and funded.
    • (2) You must not currently have a Cambridge Savings Bank Personal Checking Account or have had one in the last 12 months. The new account funding must be completed by 6/30/2025.
  • A credit will be made to your checking account within 30 days of completing requirements as long as qualification conditions are met, and the account remains open in good standing.

(Expires 06/30/2025)

Fine Print

• Receive a $300 credit to your account when you open a new Personal Checking Account with a $10 minimum opening deposit between 3/1/2025 and 6/30/2025 and complete the following two requirements: (1) Receive cumulative monthly direct deposits totaling $1,000 or more within each of the first three full calendar months following the date the new account is open and funded.
• For example, a qualifying account type opened and funded during the month of March must complete the requirements in the months of April, May, and June to qualify for the credit.
• Qualifying direct deposits are electronic deposits of your paycheck, pension, or government benefits from your employer or the government.
• Person-to-person and bank transfers between your Cambridge Savings Bank accounts or accounts you have at other financial institutions do not qualify. (2) You must not currently have a Cambridge Savings Bank Personal Checking Account or have had one in the last 12 months. The new account funding must be completed by 6/30/2025.
• A credit will be made to your checking account within 30 days of completing requirements as long as qualification conditions are met, and the account remains open in good standing.
• The Performance Plus Checking Account has a 0.10% Annual Percentage Yield (APY). APY is accurate as of 3/1/2025.
• Rate is variable and may change after account opening and fees may reduce earnings.
• Minimum balance to obtain the APY is $10.
• No minimum balance is required to receive the credit.
• The value of the credit will be reported to the IRS as interest.
• Limit one account credit per household. Offer cannot be combined with any other offers.
• Offer is subject to change and can be withdrawn at any time.
• All other rules and regulations for checking accounts apply.
• Please refer to CSB Understanding Your Deposit Account for Personal Accounts Handbook, Personal Account Fee Schedule, and Personal Account Rate Sheet for account details.

Cambridge Savings Bank $200 Business Checking Bonus (Expired)

Cambridge Savings Bank now has a $200 bonus offer when you open a new business checking account.

• What you’ll get: $200 Bonus
• Eligible account: Small Business or Analyzed Business Checking Account
• Where it’s available: MA (Bank Locator)
• Credit inquiry: Soft Pull
• Direct Deposit Required: No
• Monthly Fee: $0-$15; waivable
• How to earn it:
  • Earn a $200 bonus when you open a new Small Business Checking or Analyzed Business Checking account with a $10 minimum opening deposit before 05/31/2023 and complete the following two qualification requirements within each of the first three full calendar months following the date the new account is funded:
    • (1) Complete posted and cleared credit transactions including cash, check, wire or ACH credits totaling $500 or more within each month.
      • Bank transfers between your Cambridge Savings Bank accounts or accounts you have at other financial institutions do not qualify.
    • (2) Complete 10 posted and cleared debit transactions including checks paid, debit card point of sale transactions, wire transfers, or ACH debits within each month.

(Expires 05/31/2023)

Fine Print

• Earn a $200 bonus when you open a new Small Business Checking or Analyzed Business Checking account with a $10 minimum opening deposit before 05/31/2023 and complete the following two qualification requirements within each of the first three full calendar months following the date the new account is funded: (1) Complete posted and cleared credit transactions including cash, check, wire or ACH credits totaling $500 or more within each month.
• Bank transfers between your Cambridge Savings Bank accounts or accounts you have at other financial institutions do not qualify. (2) Complete 10 posted and cleared debit transactions including checks paid, debit card point of sale transactions, wire transfers, or ACH debits within each month.
• For example, a qualifying account type opened and funded during the month of May must complete the above noted requirements in the months of May, June, and July to qualify for the bonus.
• New account funding must be completed by 05/31/2023.
• You must not currently have a Cambridge Savings Bank business checking account or have had one in the last 12 months.
• A $200 credit will be posted to your checking account within 30 days of completing requirements as long as qualifications are met, and account remains open in good standing.
• No minimum balance is required to receive the bonus.
• The value of the bonus will be reported to the IRS as interest.
• Limit one bonus per business entity.
• Offer may be withdrawn at any time. All other terms and conditions for checking accounts apply.
• The Small Business Checking account provides the first 125 basic transactions (including any combination of deposits, items deposited, checks paid, account transfers, ACH credits and ACH debits) with no fees/charges.
• Basic transactions numbering over 125 are $0.50 each.
• The Analyzed Business Checking has a $10,000 minimum average collected monthly balance to avoid the monthly maintenance service charge of $10.
• If the minimum average collected monthly balance falls below $10,000, the $10 monthly maintenance service charge will apply.

How To Waive Monthly Fees

• Simple Checking: No monthly maintenance service charge
• Performance Checking: Monthly maintenance service charge of $10 waived if the average monthly balance in your checking account is $1,000 or greater, or if your average monthly combined deposit balances in checking, savings, money market, CD and IRA balances are $2,500 or greater.
• Performance Plus Checking: Monthly maintenance service charge of $20 waived if average monthly combined deposit balances, and consumer loan balances, excluding mortgage balances, are $10,000 or greater.
• CSB One Checking: No monthly maintenance service charge
• Small Business Checking: No monthly fee
• Analyzed Business Checking: Waive the monthly fee of $15 with an average collected monthly balance of $10,000

Conclusion

Cambridge Savings Bank has a new checking bonus of $400 for anyone that creates a new checking account with them. It’s very convenient and has a personalized service suited for you.

Cambridge Savings Bank Money Market rates are pretty competitive, but still be sure to check our best rates Savings, Money Market, and CD accounts.

• Best Savings/Money Market rates
• Best CD Account rates

If you are not interested in the promotion above, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.

Feel free to comment on this post with any questions you may have about Cambridge Savings Bank.

Check back often for more Cambridge Savings Bank Bonuses, Promotions, or Offers!