Certificates of Deposit
Fixed Rate CDs (available for IRAs)
Term |
Minimum Daily Balance to Earn APY |
APY* |
5 months
|
$1,000
|
0.20%
|
7 months
|
$1,000
|
0.20%
|
9 months
|
$1,000
|
0.20%
|
12 months
|
$1,000
|
0.40%
|
15 months
|
$1,000
|
0.60%
|
18 months
|
$1,000
|
0.75%
|
2 years
|
$1,000
|
0.90%
|
3 years
|
$1,000
|
1.31%
|
4 years
|
$1,000
|
1.51%
|
5 years
|
$1,000
|
1.81%
|
*Annual Percentage Yield (APY) effective as of 12/5/2024 and Interest Rates may change after account opening unless otherwise disclosed here or elsewhere. Product offerings may be withdrawn at any time. Fees and other conditions may reduce earnings on accounts; ask for details. For other terms and conditions, please refer to account disclosures available at account opening and upon request. A penalty may be imposed for early withdrawals. $1,000.00 minimum deposit required to open account. Personal deposits of Massachusetts residents only.
Certificate of Deposit Specials***
Term |
Minimum Daily Balance to Earn APY |
APY* |
14 months***
|
$1,000
|
2.75%
|
34 months***
|
$1,000
|
3.00%
|
* Annual Percentage Yield (APY) effective as of 12/5/2024 and Interest Rates may change after account opening unless otherwise disclosed here or elsewhere. Product offerings may be withdrawn at any time. Fees and other conditions may reduce earnings on accounts; ask for details. For other terms and conditions, please refer to account disclosures available at account opening and upon request. A penalty may be imposed for early withdrawals. $1,000.00 minimum deposit required to open account.
*** CD Specials are for new to bank deposits only.
Consumer Checking
East Cambridge Checking
Product |
Minimum Daily Balance to Earn APY |
APY* |
East Cambridge Checking
|
$0.00
|
0.05%
|
*Annual Percentage Yield (APY) effective as of 1/16/19 and Interest Rates may change after account opening unless otherwise disclosed here or elsewhere. Product offerings may be withdrawn at any time. Fees and other conditions may reduce earnings on accounts; ask for details. For other terms and conditions, please refer to account disclosures available at account opening and upon request. $10.00 minimum deposit required to open account unless otherwise noted. Personal deposits of Massachusetts residents only.
Consumer Money Market
East Cambridge Money Market
Minimum Daily Balance to Earn APY |
APY* |
$10.00 - $49,999.99
|
0.75%
|
$10.00 - $49,999.99 with Bonus^^
|
0.90%
|
$50,000 and over
|
1.25%
|
$50,000 and over with Bonus^^
|
2.00%
|
*Annual Percentage Yield (APY) effective as of 3/6/19 and Interest Rates may change after account opening unless otherwise disclosed here or elsewhere. Product offerings may be withdrawn at any time. Fees and other conditions may reduce earnings on accounts; ask for details. For other terms and conditions, please refer to account disclosures available at account opening and upon request. $10.00 minimum deposit required to open account unless otherwise noted. Available for new to bank deposits only.
^^Debit Card point-of-sale bonus rate applies to account balances during month(s) in which 6 or more point-of-sale purchases were made using the debit card of a personal checking account that is linked to the associated East Cambridge Money Market account.
Consumer Savings
Advantage Savings
Minimum Daily Balance to Earn APY |
APY* |
$10.00 - $99,999.99
|
0.05%
|
$100,000.00 and over
|
0.10%
|
Special Select Banking Package Savings Account
Minimum Daily Balance to Earn APY |
APY* |
$10.00 - $24,999.99
|
0.05%
|
$25,000.00 - $49,999.99
|
0.05%
|
$50,000.00 and over
|
0.05%
|
**iSave Club
Minimum Daily Balance to Earn APY |
APY* |
$10.00 - $49,999.99
|
0.20%
|
$50,000.00 and over
|
0.10%
|
**An interest rate of 0.20% will be paid only for that portion of your daily balance that is greater than $9.99, but less than $50,000.00. An interest rate of 0.10% will be paid only for that portion of your daily balance that is greater than $49,999.99. The Annual Percentage Yield will range between 0.10% and 0.20% depending on the balance in the account. The Bank may require that an account owner be age 18 or younger to open and maintain this account. Limit one account per child.
Statement Savings
Minimum Daily Balance to Earn APY |
APY* |
$10.00
|
0.10%
|
Money Market Deposit
Minimum Daily Balance to Earn APY |
APY* |
$10.00
|
0.10%
|
IRA Money Market
Minimum Daily Balance to Earn APY |
APY* |
$10.00
|
0.10%
|
Money Market Management
Minimum Daily Balance to Earn APY |
APY* |
$10.00 - $4,999.99
|
0.10%
|
$5,000.00 and over
|
0.10%
|
$1,000.00 minimum deposit required to open account unless otherwise noted.
Passbook Savings
Minimum Daily Balance to Earn APY |
APY* |
$10.00
|
0.05%
|
****Connection Savings
Minimum Daily Balance to Earn APY |
APY* |
$10.00
|
1.25%
|
****Must have an existing checking product or open a new checking product to obtain account.
*Annual Percentage Yield (APY) effective as of 12/5/2024 and Interest Rates may change after account opening unless otherwise disclosed here or elsewhere. Product offerings may be withdrawn at any time. Fees and other conditions may reduce earnings on accounts; ask for details. For other terms and conditions, please refer to account disclosures available at account opening and upon request. $10.00 minimum deposit required to open account unless otherwise noted. Personal deposits of Massachusetts residents only.