Offer value details
Cambridge Savings Bank lists three combinable bonuses: a $500 checking bonus, up to $300 paid monthly for qualifying debit-card activity, and a $400 Relationship High-Yield Money Market bonus. The full $1,200 requires completing all three paths.
Qualification requirements
For the $500 checking bonus, open an eligible personal checking account with at least $10 by September 30, 2026, enroll in eStatements within 30 days after the account is opened and funded, receive at least $2,500 in qualifying ACH direct deposits in each of the first three full calendar months, and maintain a $5,000 average monthly checking balance for those months. For up to $300 more, make 10 qualifying debit-card purchases of at least $10 in each of the first 12 calendar months; Cambridge pays $25 for each qualifying month. For the $400 money-market bonus, open a new Relationship High-Yield Money Market account with at least $1 and maintain a $25,000 average monthly balance in new money for the first three full calendar months. Person-to-person and internal transfers do not count as checking direct deposits, and ATM, branch, and mobile deposits are also excluded. ATM transactions, cash advances, and person-to-person transfers do not count toward the debit-card bonus.
Fees and costs
Simple Checking has no monthly maintenance fee. Performance Checking has a $10 monthly fee waived with a $1,000 average monthly balance or $2,500 in combined eligible balances. Performance Plus Checking has a $20 monthly fee waived with $10,000 in combined eligible balances. Relationship High-Yield Money Market has a $10 monthly fee waived with a $1,000 average monthly balance; the $25,000 bonus requirement would satisfy that listed balance waiver while it is maintained. Other overdraft, stop-payment, wire, transfer, and service fees can apply.
Availability
Cambridge says applicants must live or work in Massachusetts or New Hampshire. People who live or work in Maine must visit a branch or call. Account opening and identity verification are subject to approval. Cambridge Savings Bank is Member FDIC.
What to verify
- The $1,200 headline combines three separate bonus paths; it is not earned from one deposit or one activity requirement.
- The full value requires $5,000 in checking and $25,000 in new money in the money market account for three full calendar months, plus qualifying direct deposits and 12 months of debit-card activity.
- The final $300 is not a one-time payment; it is earned as $25 for each qualifying debit-card month, up to 12 months.
- Eligibility is regional, prior CSB account ownership can disqualify a path, and account approval is required.
- Variable APYs and account or service fees can change the net value, and bonuses are reported as interest.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.