Personal Accounts Handbook for this account. Please refer to the Handbook and Fee Schedule for more information.
Rate Information – This account earns interest. See Savings Accounts – Common Features section in the Handbook for more information.
Minimum balance to avoid the imposition of fees – A monthly maintenance fee of $10 will be imposed every statement cycle if the average monthly balance falls below $1,000. The average monthly balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
There is an annual fee for Retirement accounts. A fee will be charged for each Trustee Transfer to another financial institution for all Retirement accounts. See separate Fee Schedule for a complete list of fees and charges.
- New accounts opened with new funds, not previously on deposit at Cambridge Savings Bank with a maximum opening deposit of $5,000,000.
- You must be a resident of New England to take advantage of this offer.
- One account per household.
- Transfers from statement savings accounts or money market accounts to another account or to third parties by preauthorized, automatic, telephone, facsimile, or computerized transfer are limited to six transfers per calendar month. Continued transfers/withdrawals exceeding these numbers will result in the permanent restriction of these transfers. (For Retirement money market accounts, you are not allowed any checks or drafts to third parties.)