Earn a $400 bonus when you open a new Performance or Performance Plus Checking Account with a $10 minimum opening deposit between 1/13/20 and 3/31/20 and complete the following requirements within each of the first full three calendar months following the date the new account is funded: (1) Receive cumulative direct deposits totaling $1,000 or more. 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) Complete 5 posted and cleared debit transactions, including checks paid, debit card transactions, wire transfers, or ACH debits. For example, a qualifying account type opened and funded during the month of January must complete the requirements in the months of February, March and April in order to qualify for the bonus. New account funding must be completed by 3/31/20. You must not currently have a Cambridge Savings Bank personal checking account or have had one in the last 12 months. A $400 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 0.05% Annual Percentage Yield (APY). APY is accurate as of 1/13/20. 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 bonus. The value of the bonus will be reported to the IRS as interest. Limit one bonus per household. Offer cannot be combined with any other offers and may be withdrawn at any time. All other rules and regulations for checking accounts apply.
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