Your current location is: New York City, NY
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
4.10% | $2,500 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
3 Mo CD
|
4.00% | $1,000 | Compare |
|
6 Mo CD
|
3.75% | $1,000 | Compare |
|
60 Mo CD
|
2.50% | $1,000 | Compare |
Money that you deposit is held by Cambridge Savings Bank. Cambridge Savings Bank is an FDIC insured institution founded in 1834. It has approximately $6.92 billion in assets.
| FDIC Insured | Yes |
| Insured Parent Bank | Cambridge Savings Bank |
| FDIC Certificate | # 17870 |
| Date Established | 1834 |
| Assets | $6.92 billion |
| Loans | $5.72 billion |
| Deposits | $5.41 billion |
| Capital | $0.65 billion |
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis."
Tax Rate: 30%
All calculations are for demonstration purposes only."
| Year | Rate 4.10% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,050 | 1,435 |
| 2 | 52,050 | 2,134 | 1,494 |
| 3 | 54,184 | 2,222 | 1,555 |
| 4 | 56,406 | 2,313 | 1,619 |
| 5 | 58,718 | 2,407 | 1,685 |
| 6 | 61,126 | 2,506 | 1,754 |
| 7 | 63,632 | 2,609 | 1,826 |
| 8 | 66,241 | 2,716 | 1,901 |
| 9 | 68,957 | 2,827 | 1,979 |
| 10 | 71,784 | 2,943 | 2,060 |
| 11 | 74,727 | 3,064 | 2,145 |
| 12 | 77,791 | 3,189 | 2,233 |
| 13 | 80,980 | 3,320 | 2,324 |
| 14 | 84,300 | 3,456 | 2,419 |
| 15 | 87,757 | 3,598 | 2,519 |
| 16 | 91,355 | 3,746 | 2,622 |
| 17 | 95,100 | 3,899 | 2,729 |
| 18 | 98,999 | 4,059 | 2,841 |
| 19 | 103,058 | 4,225 | 2,958 |
| 20 | 107,284 | 4,399 | 3,079 |
| TOTAL | $61,682 | $43,178 |
| Year | Rate 4.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,000 | 1,400 |
| 2 | 52,000 | 2,080 | 1,456 |
| 3 | 54,080 | 2,163 | 1,514 |
| 4 | 56,243 | 2,250 | 1,575 |
| 5 | 58,493 | 2,340 | 1,638 |
| 6 | 60,833 | 2,433 | 1,703 |
| 7 | 63,266 | 2,531 | 1,771 |
| 8 | 65,797 | 2,632 | 1,842 |
| 9 | 68,428 | 2,737 | 1,916 |
| 10 | 71,166 | 2,847 | 1,993 |
| 11 | 74,012 | 2,960 | 2,072 |
| 12 | 76,973 | 3,079 | 2,155 |
| 13 | 80,052 | 3,202 | 2,241 |
| 14 | 83,254 | 3,330 | 2,331 |
| 15 | 86,584 | 3,463 | 2,424 |
| 16 | 90,047 | 3,602 | 2,521 |
| 17 | 93,649 | 3,746 | 2,622 |
| 18 | 97,395 | 3,896 | 2,727 |
| 19 | 101,291 | 4,052 | 2,836 |
| 20 | 105,342 | 4,214 | 2,950 |
| TOTAL | $59,556 | $41,689 |
Siegalman again
November 13, 2023 |
Indexed savings product from this bank is now 5.71%. Better than anything else on this site or available anywhere.
Review on the Parent BankJ Siegalman
July 5, 2023 |
I don't know why sites like this aren't pointing this out, but you can get a much higher rate from this bank in their 1-month indexed US Treasury. For July it is paying 5.31% and it was up above 5.805 in June. There is no reason not to do this, especially since you can always move back to 4.80% and the bank is excellent.
Review on the Parent BankJayley
April 26, 2023 |
Sometimes slow to raise the rate, but they always do. Service is fine. Would be five stars but transfers take days.
Review on the Parent BankMcMahon-sky
September 20, 2022 |
Quite pleased with this one so far. Rate is consistently above anything else. I am just hoping they continue to be in the top tier of competitiveness!
Review on the Parent BankRAH1974
August 9, 2022 |
I opened an account through this site. It was easy to open and to fund. Nice to see that the rate stays as one of the best. I hope it continues.
Review on the Parent Bank