Cambridge Savings Bank

Headquarters

1374 Massachusetts Ave
Cambridge, MA 02138
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage 7.45% 4.39% →
HELOC 4.75% 0.99% →

2024 Overview

General Bank Information

Cambridge Savings Bank is an FDIC insured institution located in Cambridge, MA. It was founded in 1834 and has approximately $7.08 billion in assets. Customers can open an account at one of its 20 branches.

FDIC Insured Yes
FDIC Certificate # 17870
Date Established 1834
Assets $ 7.08 billion
Loans $ 5.81 billion
Deposits $ 5.58 billion
Capital $ 615.83 million
 

For a more detailed analysis of Cambridge Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 4, 2024

Your Current Location: Ohio, OH 43085

Online Only Savings Rates of Ivy Bank, a division of Cambridge Savings Bank

Online Savings Rates APY MIN MAX
Online Savings Account
5.00% $2,500 - Learn More

Online Only CD Rates of Ivy Bank, a division of Cambridge Savings Bank

Online CD Rates APY MIN MAX
1-Year CD
4.20% $1,000 - Learn More
3-Year CD
3.60% $0 - Learn More
60 Month Online CD
3.25% $0 - Learn More
Checking Rates APY MIN FEE
Performance Plus Checking 0.05% $10,000 $20.00 Learn MoreShow Less
Simple Checking 0.00% $0 $0.00 Learn MoreShow Less
Simple 0.00% $0 $0.00 Learn MoreShow Less
Performance 0.10% $750 $9.00 Learn MoreShow Less

Bank Online Offers

Ivy Bank Raises Online Savings Rate From 0.61% to 0.70% APY
Mar 2, 2022

Ivy Bank has raised its online savings rate.


Ivy Bank Is Now Offering 0.85% APY With a $2,500 Minimum Deposit
May 6, 2022

Ivy Bank Raises Online Savings Rate to 1.15% APY
Jun 6, 2022

Ivy Bank, a subsidiary of Cambridge Savings Bank, has offered competitive savings rates since its launch last year.   Learn more here.


Ivy Bank Raises Online Savings Rate to 1.50% APY
Jun 16, 2022

Ivy Bank, a subsidiary of Cambridge Savings Bank, has offered competitive savings rates since its launch last year.   Learn more here.


Ivy Bank Raises Online Savings Rate to 1.70%
Jul 5, 2022

Ivy Bank Raises Online Savings Rate to 2.15% APY
Aug 3, 2022

Ivy is the latest onlien bank to raise its online savings rate above 2% APY.


Ivy Raises Online Savings Rate to 3.10%
Oct 12, 2022

Ivy has raised is online savings rate from 2.70% to 3.10% APY.  The bank remains consistently competitive.


Ivy Bank Increases Online Savings Rate to 3.90% APY
Dec 7, 2022

Ivy Bank, the online division of Cambridge Savings Bank, has increased its online savings rate from 3.50% to 3.90% APY today.

Ivy has been consistently competitive since launching in early 2022, and is positively reviewed on BestCashCow and RatesAndInfo.

 


Ivy Bank Raises Its Online Savings Rate to 4.50%
Mar 30, 2023

Ivy Bank, a division of Massachusetts' Cambridge Savings Bank, has raised its online savings rate to 4.50% APY today from 4.25%.


Ivy Bank's Online Savings Rate is Now 4.80% APY
Apr 25, 2023

Ivy Bank has increased its online savings rate to 4.80% APY, up from 4.50%.



Loan Rates - November 4, 2024

Your Current Location: Ohio, OH 43085

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 3.42% 3.34% $453.00
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Cambridge Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio



Climate Policy and Initiatives

Cambridge Savings Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


Climate Score: B

The bank provides lending to commercial facilities for renewable energy upgrades in the Bay Area. It does not have any outstanding loans to carbon industries.


Add Your Review


or use your BestCashCow account

or

Financial Details

Cambridge Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cambridge Savings Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Cambridge Savings Bank U.S. Bank Average
4.61% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Cambridge Savings Bank had $30,878,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $615,830,000 in equity and $53,987,000 in loans loss reserves. That gives it a Texas Ratio of 4.61%.

Return on Equity
Cambridge Savings Bank U.S. Bank Average
4.2% 10.46%

Cambridge Savings Bank has a Return on Equity of 4.2% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Cambridge Savings Bank U.S. Bank Average
8.69% 10.84%

Cambridge Savings Bank has a Capitalization of 8.69% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Cambridge Savings Bank Balance Sheet Analysis

As of June 30, 2024, Cambridge Savings Bank had assets of $7,083,660,000, loans of $5,813,717,000, and deposits of $5,581,059,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 158.15 million
Interest-bearing balances $ 128.38 million
Total securities $ 703.88 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 5.81 billion
Loan loss allowance $ 53.99 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 25.24 million
All other assets $ 239.84 million
     Total Assets $ 6.47 billion
LIABILITIES
Total deposits $ 5.58 billion
      Interest-bearing deposits $ 4.59 billion
      Deposits held in domestic offices $ 5.58 billion
      % insured (estimated) 67.74%
Federal funds purchased and repurchase agreements $ 10.32 million
Trading liabilities N.A.
Other borrowed funds $ 656.48 million
Subordinated debt N.A.
All other liabilities $ 78.05 million
      Total Liabilities $ 6.47 billion
      Shareholders’ Equity $ 615.83 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 172.88 million
Total Interest Expense $ 95.61 million
Net interest income $ 77.27 million
Provision for loan and lease losses $ 0.69 million
Total non interest income $ 8.40 million
Total non interest expense $ 69.21 million
Pre-tax Net Operating Income $ 31.48 million

Bank Loan Profile?

The top three loan types in Cambridge Savings Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, Cambridge Savings Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.95
Multifamily
Mortgages
5.89
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 0.73
Construction and Development Loans 4.04
Commercial Real Estate 30.05
Commercial and Industrial Loans 11.85
Farm Loans 0.00

Customer Reviews for Cambridge Savings Bank


  • April 18, 2016

    CDs 12 Month Rates

    No 2% 12 month CD unless IRA. Misleading at best.

  • April 12, 2016

    CDs 12 Month Rates

    You should remove this bank from your list, it's false advertising since this 12 month 2.00% rate is only for IRA up to $6500 max, who cares !!!


Add Your Review


or use your BestCashCow account

or