Cambridge Savings Bank is a state chartered, mutual savings bank that is headquartered in Cambridge, MA. Search and review the latest information on Cambridge Savings Bank services and branch locations. Cambridge Savings Bank operates 15 branch locations in and around the Cambridge area. Cambridge Savings Bank branches can be found in Cambridge, Acton, Arlington, Bedford, Belmont, Burlington, Concord, Lexington, Newton Centre and Watertown, Massachusetts.
Cambridge Savings Bank has been operating in MA since 1834 when the bank was established. Cambridge Savings Bank has been FDIC insured since 1958. The bank is chartered as a FDIC Savings Bank and has the Federal Deposit Insurance Corporation (FDIC) as their primary federal regulator. Deposit accounts at the bank are insured by the FDIC generally up to a maximum of $250,000 per separately insured depositor and up to a maximum of $250,000 for self-directed retirement accounts. The FDIC Certificate number is 17870.
Cambridge Savings Bank has made two bank acquisitions during its history. The bank acquired North Avenue Savings Bank and Bank Five for Savings, both banks are located in Massachusetts, in 1991. The Cambridge Savings Bank is a subsidiary of Cambridge Financial Group Inc. The company operates with over 2.0 billion dollars in total assets making Cambridge Savings Bank among the top ten largest banks based in Massachusetts.
Cambridge Savings Bank offers personal and commercial banking services in Massachusetts. Cambridge Savings Bank offers a number of traditional bank products and services that include a wide range of personal, small business and commercial banking savings and loan products, residential mortgages, cash management services and other real estate lending services. The bank also offers Internet banking to its customers, which allows customers to perform various transactions using a computer from any location as long as they have access to the Internet and a secure browser.
Cambridge Savings Bank deposit products include of a broad selection of financial instruments, including non-interest-bearing demand accounts such as checking accounts, interest-bearing accounts such as NOW and money market deposit accounts, high yielding savings accounts and certificates of deposit.