Cambridge Savings Bank Bonus, Get $300 with New Checking Account
Cambridge Savings Bank has a new bonus of $300 for new accounts in MA, CT, ME, NH, RI and VT. This Cambridge Savings Bank bonus requires a Performance or Performance Plus Checking Account and also direct deposits and debit transactions.
Earn a $300 bonus when you open a new Performance or Performance Plus Checking Account with a $10 minimum opening deposit between 9/1/19 and 10/31/19 and complete the following requirements within each of the first full three calendar months following the date the new account is funded:
- 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.
- Complete 5 posted 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 September must complete the requirements in the months of October, November, and December in order to qualify for the bonus. New account funding must be completed by 10/31/19.
A $300 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 value of the bonus will be reported to the IRS as interest.
Must reside in MA, CT, ME, NH, RI, VT.
You must not currently have a Cambridge Savings Bank checking account or have had one in the last 12 months.
One offer per household.
- Performance Checking – Monthly fee of $10 waived if the average monthly balance in your checking account is $1,000 or greater, or if your average monthly combined deposit balances in checking, savings, money market, CD and IRA balances are $2,500 or greater.
- Performance Plus Checking – Monthly fee of $20 waived if average monthly combined deposit balances, and consumer loan balances, excluding mortgage balances, are $10,000 or greater.
This Cambridge Savings Bank bonus $300 is the highest ever offered by the bank I believe. But it also requires one of the Perfomrmance accounts that come with a monthly fee. However, they can be waived. You need to receive monthly direct deposits totaling $1,000 or more and make five debit transactions for three consecutive months.
- Promo Page
- Account Type: Performance Checking
- Availability: MA, CT, ME, NH, RI, VT
- Expiration Date: 10/31/2019
- Inquiry Type: Soft Pull
- Credit Card Funding: Yes, up to $1,000
- Direct Deposit Requirement: Yes, $1K for three consecutive months
- Other Requirements: 5 posted debit transactions for three consecutive months
- Monthly Fee: $10 (can be waived)
- Closing Fee: Unknown