Cambridge Savings Bank

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Cambridge Savings Bank Locations

Deposit Rates - December 2, 2021

SAVINGS RATES APY MIN MAX
Savings
0.05% $2,500 $4,999 Compare
CD RATES APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Compare
6 Mo CD
0.25% $100,000 $199,999 Compare
12 Mo CD
0.50% $10,000 $14,999 Compare
12 Mo CD
0.50% $100,000 $199,999 Compare
24 Mo CD
0.75% $10,000 $14,999 Compare
24 Mo CD
0.75% $100,000 $199,999 Compare
36 Mo CD
0.75% $10,000 $14,999 Compare
36 Mo CD
0.75% $100,000 $199,999 Compare
60 Mo CD
0.75% $10,000 $14,999 Compare
60 Mo CD
0.75% $100,000 $199,999 Compare
MM RATES APY MIN MAX
Money Market
0.10% $2,500 $2,999 Compare
Money Market
0.15% $10,000 $14,999 Compare
Money Market
0.15% $25,000 $29,999 Compare
INT CHECKING RATES APY MIN MAX
Int Ckg
0.05% $2,500 $3,499

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 17870
Date Established 1834
Assets $ 5.24 billion
Loans $ 4.11 billion
Deposits $ 4.45 billion
Capital $ 488.62 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 251.90 million
Interest-bearing balances $ 223.84 million
Total securities $ 588.52 million
Federal funds sold and reverse repurchase $ 0.12 million
Net loans and leases $ 4.11 billion
Loan loss allowance $ 48.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 24.12 million
All other assets $ 206.36 million
     Total Assets $ 4.76 billion

LIABILITIES
Total deposits $ 4.45 billion
      Interest-bearing deposits $ 3.39 billion
      Deposits held in domestic offices $ 4.45 billion
      % insured (estimated) 60.19%
Federal funds purchased and repurchase agreements $ 31.81 million
Trading liabilities N.A.
Other borrowed funds $ 184.15 million
Subordinated debt N.A.
All other liabilities $ 91.88 millionn
      Total Liabilities $ 4.76 billion
      Shareholders’ Equity $ 488.62 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 82.47 million
Total Interest Expense $ 8.58 million
Net interest income $ 73.90 million
Provision for loan and lease losses $ 1.80 million
Total non interest income $ 12.68 million
Total non interest expense $ 54.65 million
Pre-tax Net Operating Income $ 30.12 million

Cambridge Savings Bank is an FDIC insured institution headquartered at 1374 Massachusetts Ave, Cambridge, MA 2138.
It was founded in 1834 and has approximately $5 billion in assets. Customers can open an account at one of its 20 branches.

Customer Reviews for Cambridge Savings Bank (2)

Rated 1.00 stars out of 5 - based on 2 reviews
  • I was drawn to the rate and the experience has been so bad I will go back to well recognized names.

  • A spinning wheel with the "Loading ..." followed by an error might not be such a good look for an online bank. Haven't been able to log in for days and they have my money. I can find 0.61% somewhere else. Fortunately, I live in Boston and can go to Cambridge to close the account, but others won't be so lucky.


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