Posted by William Charles on March 26, 2018
Bank Account Bonuses

Published on March 26th, 2018 | by William Charles


[Expired] [MA, CT, ME, NH, RI, VT only] Cambridge Savings Bank $175 Checking Bonus – No Bonus Requirements

It seems like this bonus is no longer available, click here to view the best current checking bonuses.

Offer at a glance

The Offer

Direct link to offer

  • Cambridge Savings Bank is offering a $175 checking bonus when you open a performance checking account ($25 minimum opening deposit) or performance plus checking account ($50 minimum opening deposit). The best bit is that there is no requirements to receive the bonus apart from opening the account.

The Fine Print

  • Offer good for new to bank checking customers only.
  • Open a Performance Checking Account or a Performance Plus Checking Account and we will credit your account within 90 days.
  • The Performance Checking Account has a $25.00 minimum account opening deposit. The Performance Plus Checking Account minimum account opening deposit is $50.00
  • The checking account must be open for 90 days and also must be open in order to receive credit.
  • No minimum balance is required to receive the credit.
  • The value of this credit is $175.00 and will be reported as interest.
  • Offer is valid as of 3/1/2018 and may be withdrawn at any time
  • This special offer cannot be combined with any other offer.
  • One offer per household. All other rules and regulations for checking accounts apply.
  • Please refer to the Understanding Your Deposit Account Handbook and Personal Fee Schedule for more details.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Performance Checking

This is the easier of the two accounts to keep fee free. It has a $10 monthly fee that is waived if you have an average monthly balance of $1,000 in your checking account or if your combined checking, savings, money market CD and IRA balances are $2,500 ro more.

Early Account Termination Fee

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

Our Verdict

They have offered business checking bonuses of up to $300 in the past, but never any personal bonuses. Given that there is no bonus requirements and it’s pretty easy to keep the account fee free this seems like a great bonus. Unfortunately it looks like they are ChexSystems sensitive, people with over 15 inquiries have all been denied. That being said this is an offer for the personal account and it is available online, so it is possible they are not being as strict. If anybody applies please let us know if you were approved/denied and how many ChexSystems inquiries you have in the last 12/24 months.

Big thanks to reader, Alan who let us know. Learn how to find bonuses and contribute to the site here.

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Just opened. It’s up to $1000 funding on a credit/debit

How did the funding code? Purchase or cash advance?

Awesome! Thanks for the DP

Was able to open it (or at least went to processing). Was able to fund $1000 with a CSR – currently pending. Cash Advance limit was set to $20, so I assume it would code as a purchase.

Rajarshi Roychowdhury
Rajarshi Roychowdhury

Can fund with credit card – upto $1000. Only Visa, MC and Discover accepted. Amex not accepted.

Funded with $1k on CIP, no issues

Sorry, You do not qualify for the product you requested.

CT address

I opened with a CT address, Hartford County.

CC Funding $1k – My application is pending after submission. Let’s see what we can do.

Your application has been successfully submitted. Below is a summary of products that have been successfully opened or are pending review by our staff.
Summary of Products Pending Review
Performance Plus Checking
Initial Funding Amount: $1000.00
Rate:0.050% APY

You really wanted the Plus account? $20 monthly fee for balances less than $10,000

Wish all accounts were this easy to open..

Just pulled the trigger and funded with the Barclaycard Uber Visa (after setting cash advance to $0), so looking at $195 in total when taking into account credit card rewards.


can you share how you are expect to get $195 in rewards ?

My guess would be that they are using a 2% cash back card. So they would find with $1000 and get 2%/$20 back.

The Uber card rewards online transactions at 2%.

I opened yesterday and today got an email requesting a copy of my SS card, DL and proof of address.

I got the same thing. Very aggravating.

I wonder if this is their way of clawing back bonuses since this went viral, knowing that some people won’t bother with digging up and emailing all this stuff.

That’s odd; wonder what had triggered that response.
They called me and asked some typical verification
questions over the phone, then opened the account.

That $1,000 limit may be per account but it wouldn’t let me do a total of $2k for a checking and savings. What was worse was that it had no back button to delete the savings account and everytime I tried to restart the application it kept saying I had to finish the current one. I was stuck. So now I have a useless savings. Lol

Accepted with ~30 Chex inquiries in the past year. NH Resident
Funded $1,000 with CSP, coded as purchase
Only had to send in a picture of my license and a utility bill. Fairly easy signup.


Did you have your CSP cash advance set to $0… or did it automatically code as purchase?

Yes, I turned the cash advance feature off using Chat. I would never risk funding a bank account without turning the CA limit down personally.

As PP stated, funding limit is total. Do not bother with Sav/MM. I was approved with over 2 dozen HPs so not Chex sensitive at all.

offer is still available?

Are you not seeing the offer on their site?

I have 30+ inquiries in the last 16 months and was able to open the account.

Datapoint: $1000 charge to Chase IHG initially looked like it was going to be a cash advance, but ended up posting as a sale 😀

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