Conditions Variable APR of Prime minus 1.01% in all states. All Rights Reserved. The higher the capitalization number the more secure a bank is considered. It is covered under FDIC Certificate #8152. Privacy Policy, Disclosure Governing Your Use of this Website | Wellesley Bank is Now Cambridge Trust. Schedule an Appointment (Virtual or In Person) GENERAL INQUIRIES: Client Resource Center: 617-441-1444 or Email Us See all branch locations . Learn more about our partners and their work with the Trust. categorization of some loan types. $5.00 minimum share account required. "We have built our business into one of the areas most respected private bank and wealth management companies by developing relationships that last a lifetime. So, while the name of your bank has changed, your local team and the people who serve you has remained the same. Yes. Our competitive rates grow your money steadily. Compare home equity lines of credit rates here. The Texas Ratio compares the banks non performing assets (non-performing loans and real estate owned) Max loan amount $200,000. Please be advised that you will then link to a Web site hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Cambridge Trust. What makes a relationship with a private bank different? A big change in these figured can also be from a bank acquisition or merger. with its tangible common equity and its loan loss reserves. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank No depositor has ever lost deposits that have been within the FDIC insurance limits. Cambridge Trust assumes no liability for the content, information, security, policies or transactions provided by these other sites. Cambridge Trust Company is an FDIC insured institution located in Cambridge, MA. Competitive rates, maturity terms from 30 days to 5 years, and FDIC-insured. A Fixed rate is an interest rate that doesn't change during the product term, these rates are often higher because during the term of the product you will not be able to withdraw your savings. Please contact the bank for questions about their loan products. There is no minimum opening deposit. The application is powered by Andera, and it allows electronic funding from an existing checking or savings account. It is free to register and add rates. It's easy to open a CD for greater savings. Our merger is a partnership between two banks built on trusted relationships and a shared commitment to exceptional personal attention for our clients. A bank with a consistently low ROE can be considered poorly run. It is also the 247 th largest bank in the nation. Loan-to-value restrictions apply. There are currently no comments for Cambridge Trust Company. 12.07%. Ranging from 3 months to 5 years, they provide a safe, low cost vehicle to help your money grow. Rates apply to new accounts and may not apply to existing accounts. Our CDs with terms of 18 month, 1, 2, 3, and 4 years compound and credit interest monthly. Compared to other banks, Cambridge Trust Companys loan portfolio does not show any specific loan specialty. Be Careful Not to Rush Too Heavily Into Long-Term CDs Here, Avoid The TIAA 4-year Diversified Assets Marketsafe CD, Amex Personal Savings Rate Lowered to 0.40% APY - Mar 11, 2021, Synchrony Lowers Online Savings Rate to 0.50% APY - Feb 25, 2021, Fitness Bank Lowers Top Tier Savings Rate to 0.65% APY - Feb 1, 2021, Synchrony Lowers Online Savings Rate to 0.55% APY - Jan 27, 2021, Sallie Mae Lowers Online Money Market Rate to 0.45% APY - Jan 14, 2021, Barclays Lowers Online Savings Rate from 0.45% to 0.40% APY - Jan 14, 2021, CFG Bank Lowers Online Savings Rate to 0.68% APY - Jan 13, 2021, First Foundation Bank Lowers Online Savings Rate to 0.60% APY - Jan 8, 2021, Silverton Bridge Bank, National Association, Commercial Bank & Trust Company of Troup County. Given Cambridge Trust Company's poor savings rate, you should consider other options to Federal Reserve Leaves Fed Funds Rate to Zero to 0.25%, Says Course of the Economy Depends on the Virus Maximizing Interest On Savings Remains Important In a Low Rate Environment 5 Things to Consider As Savings, Money Market and Short-Term CD Rates Collapse Loan and asset growth may rise or fall depending on a bank's strategy for growth. Limited terms available with opening online. Therefore, when you upgrade to East Cambridge, you can be confident that you're getting a great rate; for both deposits and loans. "We have built our business into one of the areas most respected private bank and wealth management companies by developing relationships that last a lifetime. View all articles with Cambridge Trust Company . Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. Please be advised that you will then link to a Web site hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Cambridge Trust. Learn More. 40 Leonard Street 02478 MA United States Bedford. Call us or visit a branch to apply or learn more about other available terms, competitive promotional CD and Money Market products with high yields or to roll over an existing Citizens Bank CD. Prime Rate as of 3/16/2020 = 3.25% (Wall Street Journal). *Add-On CDs must be opened in a branch. Cambridge Trust Company has a Capitalization of 9.9% versus the BestCashCow Should You Really Be Buying 1-Year CDs Right Now? Cambridge Trust Company had assets of $3,986,816,000, loans of $3,255,745,000, and deposits of $3,340,132,000. As a mutual bank, we only answer to and serve the needs of our customers, neighbors, and local communities. 154 Cambridge Street 01803 MA United States Burlington: 3rd Ave. 140 Middlesex Turnpike 01803 MA United States Belmont Center. Investment in the Cambridge University Endowment Fund (CUEF) overview; Unit purchase and sales; Distribution from the Fund; Departmental Holdings Summary; Annual Review Report; Chapter 13 - Trust funds. A Variable rate has an interest rate that may go up or down, and accounts will normally allow you to pay in or withdraw your money giving you more flexibility with your savings. Input a different zip code to find branches and locations for any neighborhood in the United States. As of September 30, 2020, See the best local savings rates here. Customers have a grace period of 10 days in which to withdraw funds penalty-free before the IRA CD auto-renews. Cambridge Trust Company has a Capitalization of 9.9% versus the BestCashCow average of 12.07. Opening a CD Special must be done in-person at any of 27 Massachusetts brancheslocated in Arlington, Bedford, Boston (2), Brookline (4), Burlington (2), Chestnut Hill (2), Lexington, Malden, Medford (3), Needham, Newton (2), Newton Center, Newtonville, Waltham, Wellesley (3), and West Roxbury. The auto-renewal policy is the same as with the banks non-IRA CDs as well: Brookline Bank IRA CDs auto-renew at maturity into the same term CD at then-current rates. Rate guaranteed until June 15, 2021. It was established in 1834 and as of December of 2020, it had grown to 429 employees at 18 locations.Cambridge Savings Bank has an A Despite application numbers varying considerably each year, our system means that success rates are very similar from College to College. According to the offer's small print, \"You must live or work in Massachusetts to qualify for this promotion.\" There's a link to an online application at the bank's CD promo page. As of September 30, 2020, Tiered interest rates that rise with balances and the safety of FDIC-insured. 181 Great Road 01730 MA United States Arlington Heights. FDICinsured up to at least $250,000 per depositor. Do you represent Cambridge Trust Company? Min loan amount $10,000. Cambridge Trust removes the mystique by explaining what a private bank is and how it can help individuals and business owners simplify their financial lives. Not just the life of the transaction.. 188 Massachusetts Ave If the daily balance is $40,000 or more, the entire balance receives interest rate and APY of 0.50%. Cambridge Trust Company branches and locations in your neighborhood. It was founded in 1890 and has approximately $3.99 billion in assets. Membership conditions apply. Cambridge Trust Company has a Return on Equity of 7.54% versus the BestCashCow average of 9.23%. Published rates and terms based on primary homes. Please provide comments that will help others. CDs are a certificate issued by a bank to a person depositing money for a specified length of time and usually the longer of a term is, the higher APY rate you make. Our 3, 6 and 9 month CDs accrue interest daily and interest is credited at maturity. Our partners. Advertising Disclosure |, Bask Bank Is A Very Compelling Option For Anyone Looking to Travel in the Post-COVID-19 World, Federal Reserve Holds Fed Funds at Zero to 0.25 Bps; Cash Looks Like a Loser, Avoid Rates from NeoBanks and Fintechs that Look Too Good to Be True, It is Probably Not the Time to Rush Into CDs, Federal Reserve Leaves Fed Funds Rate to Zero to 0.25%, Says Course of the Economy Depends on the Virus, Maximizing Interest On Savings Remains Important In a Low Rate Environment, 5 Things to Consider As Savings, Money Market and Short-Term CD Rates Collapse, Federal Reserve Has No Plans to Raise Interest Rates Any Time Soon, Some Dreadful Advice About Short-Term CDs, The Federal Reserve and Treasury Secretary Janet Yellen Should Consider an Emergency Fed Funds Hike - Maybe Even 50 BPS, 5 Reasons Why You Should Never Ever Buy A Structured Note, 1-Year CD Rates Over 2% Are Tempting But Preserving Liquidity In A Crisis Is Essential, Some 1-Year CDs Are Still over 2% APY Following the Coronavirus-Induced Fed Cut. Certificates of Deposit (CDs) Our Certificate of Deposit options deliver competitive rates and terms to help meet your savings and retirement needs. Cash & Balances due from depository institutions, Federal funds sold and reverse repurchase, Federal funds purchased and repurchase agreements, Third Federal rate are typically 20% lower than other leaders, No closing costs, prepayment penalties, or minimum draw requirements. That gives it a Texas Ratio of 2.56%. The following ratios and data are available to help you better understand the financial condition of Cambridge Trust Company. The top three loan types in Cambridge Trust Companys loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans. Cambridge Trust Company Bank was established December 1889. Personal and commercial rates. The APY for each balance tier in your Rockland Trust Money Market Savings Account will apply to the entire balance - for example, if you have a daily balance of $1,200,000.00, you will receive an APY of 0.01% on your entire balance. Welcome to the best of both banks. Start with at least $1,000 to deposit and then choose a term ranging from one month to five years. When comparing bank CD rates in Cambridge, NY make sure to choose a Cambridge, NY bank that has deposits insured by the Federal Deposit Insurance Corporation (FDIC). 1300 Massachusetts Ave 02476 MA United States East Arlington. See conditions for guarantee at thirdfederal.com. The data is provided by the FDIC. When your CD matures, you can use the money immediately or invest in another CD. 1-Year CD Rates Over 2% Are Tempting But Preserving Liquidity In A Crisis Is Essential; Some 1-Year CDs Are Still over 2% APY Following the Coronavirus-Induced Fed Cut; Should You Really Be Buying 1-Year CDs Right Now? Not just the life of the transaction.Learn More, A personal relationship you can trust absolutely, with access to custom financial solutions for whatever you need. A minimum of at least $10,000 not currently on deposit with CSB is required to open this special personal CD or IRA. 15 Year Fixed Rate 2: Conforming up to $548,250 : 2.625% : 0.000 : 2.692% : 180 : $6.73 : 10 Year Fixed Rate 2: Conforming up to $548,250 : 2.500% : 0.000 : 2.594% : 120 : $9.43 : 30 Year Fixed Rate Jumbo - Purchase Special 4 Schedule an Appointment (Virtual or In Person). Copyright 2021 Cambridge Trust. Deposits in Cambridge, NY banks that are insured by the FDIC are guaranteed for up to Sustainability at Cambridge Trust Introducing our 0.50% APY* Personal Concierge Money Market Account Earn this exceptional return on balances of $40,000 or more* and get profitable peace of mind. Return on equity measures how efficiently a bank is making money from its capital. CD Fixed Rate 60 Month: 0.12%: $1k-CD Fixed Rate 36 Month: 0.12%: $1k-CD Variable Rate 31-Month or Longer: 0.10%: $1k-CD Fixed Rate 24 Month: 0.05%: $1k-CD Fixed Rate 12 Month: 0.01%: $1k-CD Fixed Rate 1 Month: 0.01%: $1k-CD Fixed Rate 3 Month: 0.01%: $1k-CD Fixed Rate 6 Month Ends in 11 hours 9 minutes 59 seconds Ends in 11: 09: 59. Daily balance of $.01 to $39,999.99 receives interest rate and APY of 0.01%. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. Ideal if you want convenient access to your money. 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. All Rights Reserved. Cambridge Trust Company had $9,189,000 in non-current loans and $1,820,000 in owned real estate. Peoples United Bank CD Rates. Branch information of Cambridge Trust Company bank, current savings and CD rate information of Cambridge Trust Company bank, and other current key financial statistics and information concerning Cambridge Trust Company bank. has to absorb its loan losses. See the best local CD rates here. Learn more about Cambridge Trust Company. Details section. Chapter 13 - Trust funds overview; Trust Fund Set Up. To cover these potential losses it had $394,699,000 in equity and $35,920,000 in loans loss reserves. At Cambridge Trust, personal service means convenient access and exceptional responsiveness.