Posted by William Charles on September 23, 2018
Bank Account Bonuses

Published on September 23rd, 2018 | by William Charles


[Expired] [MA, CT, ME, NH, RI, VT] Cambridge Savings Bank $200 Checking Bonus

This offer has unfortunately expired. View the best current checking bonuses by clicking here.

Offer at a glance

The Offer

Direct link to offer

  • Cambridge Savings Bank is offering a bonus of $200 when you open a new Simple, Performance, or Performance Plus personal checking account and complete the following requirements:
    • Receive monthly direct deposits totaling $1,000 or more for three consecutive months account opening
    • Complete three posted debit transactions (checks paid, debit card transactions and ACH debits) for three consecutive months following account opening

The Fine Print

  • Earn $200 when you open a new Simple, Performance or Performance Plus Checking Account with a $10 minimum account opening deposit between 9/1/18 and 10/31/18 and complete the following requirements in each of the first 3 months after account opening: (1) Receive direct deposits totaling $1,000 or more. (2) Complete 3 posted debit transactions (checks paid, debit card transactions and ACH debits).
  • You must not currently have a Cambridge Savings Bank checking account or have had one in the last 12 months.
  • A $200 credit will be made to your checking account within 120 days of account opening as long as qualifications are met and account remains open in good standing.
  • No minimum balance is required to receive the credit.
  • The value of the credit will be reported to the IRS as interest.
  • This offer cannot be combined with any other offers and may be withdrawn at any time.
  • One offer per household.
  • All other rules and regulations for checking accounts apply.

Avoiding Fees

Monthly Fees

Simple checking account has no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find any mention of any early account termination fee in the fee schedule.

Our Verdict

Earlier in the year they were offering a $175 bonus, but with no requirements to get the bonus. It did require an account that had a monthly fee, but that was easily avoidable. Keep in mind the fine print states you can’t do this current offer if you’re a current account holder or have held one in the last 12 months. I think that old offer was better as it didn’t require direct deposit or debit transactions and was only $25 less. This offer might be worth considering if you missed out on that offer though as who knows when a better offer will be back (or if one will come back at all). I’m unsure if I will be adding this to the best checking account bonuses due to the previous better offer, let me know in your comments below. Also please keep in mind that they are ChexSystems sensitive.

Big thanks to all the readers who sent this in, sorry it took me so long to get to

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Anybody know what exactly 1 per household means? I’m not eligible for the bonus because I got a $175 checking bonus for leaving $1,000 in an account for at least 3 months earlier this year. I closed the account shortly after the 90 days was up. P2 didn’t do that one because of 1 per household language, I wonder if she can do this one because it is a different bonus?

So basically, after a couple of months, call to close the account and wait for the check mailed?

Monthly direct deposits $1,000 for three consecutive months means I need put total 3000 direct deposits in this bank?

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