Cambridge Trust Promotions: Up To $2,500 Checking/Savings Bonus Offer [MA] – Ends 12/31/23

Cambridge Trust is offering a bonus of up to $2,500. You can get $500 if you deposit $2,500 or more directly into your account for three months in a row, and keep a certain amount of money in your account for the first six months after opening it. Additionally, you can earn $500 for putting in $25,000, $1,000 for $100,000, or $2,000 for $500,000 or more into your account within the first six months of opening it. See below for more details.

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Offer Details

• What you’ll get: Up to $2500 bonus
• Where it’s available: MA
• How to earn it:
  • Earn $500 With Direct Deposit: You can earn this bonus by opening a new Premium Plus Relationship Account and setting up direct deposits within the first six months of opening the account. The direct deposits need to total at least $2,500 per statement cycle. These direct deposits can come from sources like your payroll, federal benefits, retirement benefits, or investment distributions. You will receive the $500 bonus within 45 days after your third direct deposit.
  • Earn Up To $2,000 With New Money $500, $1,000, or $2,000: This bonus is based on the combined average daily balance of new money in your account for the first six months following the opening of your Premium Plus Relationship Account. “New money” means deposits that have not been previously held at Cambridge Trust. The combined average daily balance is calculated by adding the amount of new money in related personal deposit accounts (excluding certificates of deposit) for each day in the six-month period and dividing that figure by the number of days in the same period. Withdrawals and third-party transfers during the first six months will reduce this balance. Depending on your combined average daily balance within this range:
    • $25,000 to $99,999.99 earns a $500 bonus.
    • $100,000 to $499,999.99 earns a $1,000 bonus.
    • $500,000 or more earns a $2,000 bonus.
• When it expires: 12/31/2023

TRENDING DEAL:

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Unlock financial growth with the Axos One Bundle! Earn high interest with an impressive 4.51% APY on your savings and enjoy a solid 0.51% APY on your checking balance—all in one...Show More

Unlock financial growth with the Axos One Bundle! Earn high interest with an impressive 4.51% APY on your savings and enjoy a solid 0.51% APY on your checking balance—all in one streamlined package. Perfect for those who want to maximize their money, Axos One combines the flexibility of a checking account with the earning power of a high-interest savings account. Simplify your banking while watching your savings grow faster with Axos Bank's convenient, tech-savvy approach.


Disclaimers:

The Annual Percentage Yield (APY) is accurate as of 10/3/2025. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account. Axos ONE® Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.The Axos ONE® Checking account will earn a base rate of 0.00% APY. The Axos ONE® Savings account will earn a base rate of up to 1.00% APY.Axos ONE® accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE® Checking and Axos ONE® Savings, the Axos ONE® Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:Option 1Your Axos ONE® Checking account has received monthly qualifying direct deposits of at least $1,500 in total.The average daily balance of your Axos ONE® Checking account is at least $1,500.Option 2Your Axos ONE® Checking account has received monthly qualifying deposits of at least $5,000 in total.The average daily balance of your Axos ONE® Checking account is at least $5,000.If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:The Axos ONE® Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.The Axos ONE® Savings account will earn a promotional rate of up to 4.51% APY for the statement cycle in which the requirements are met.The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits or qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the promotional APY starting in the following month.A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.), or person-to-person payments are not considered a direct deposit.Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.Both accounts must be in an open and active status on the 25th of the month and on the date the interest is paid to receive the promotional APY for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
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Up To 4.51% APY

Go to the deal

Waive The Monthly Fee

This account has no monthly fees.

READ MORE: GET TOP OFFERS FROM BMO, CIT and AXOS.

Fine Print

• New Money Bonus $500, $1,000, or $2,000:
  • Bonus credit is based on the combined average daily balance of new money for the first six (6) months after opening a Premium Plus Relationship Account.
  • New money refers to deposits not previously held at Cambridge Trust.
  • The combined average daily balance is calculated by adding the amount of new money in related personal deposit accounts (excluding certificates of deposits) for each day in the 6-month period and dividing it by the number of days.
  • Withdrawals and third-party transfers during the first six (6) months will reduce the combined average daily balance used to determine bonus credit.
  • A combined average daily balance of new money:
    • $25,000 to $99,999.99 earns a $500 bonus.
    • $100,000 to $499,999.99 earns a $1,000 bonus.
    • $500,000 or more earns a $2,000 bonus.
  • New Money Bonus is available to new clients, limited to one per household or tax identification number, and may be withdrawn at any time.
  • The bonus will be credited to the Premium Plus Relationship Account within sixty (60) days following the first six (6) months if qualifications are met.
• Direct Deposit Bonus $500:
  • To earn a $500 bonus, open a new Premium Plus Relationship Account and establish direct deposit within the first six (6) months of account opening.
  • Direct deposits must total at least $2,500 per statement cycle and can come from sources such as payroll, federal benefits, retirement benefits, and/or investment distributions.
  • The Direct Deposit Bonus will be credited to the Premium Plus Relationship Account within forty-five (45) days of the third (3rd) direct deposit.
  • This offer is available only to clients with no existing personal checking account with Cambridge Trust and may be withdrawn at any time.
• Important Notes:
  • Both the New Money Bonus and Direct Deposit Bonus offers expire on December 31, 2023, and may be subject to IRS 1099-INT reporting.
  • Clients are responsible for any federal, state, or local taxes due on the bonuses.
  • For the Premium Plus Relationship Account, as of August 23, 2023, the interest rate and annual percentage yield (APY) is 0.01%, subject to change after account opening. The minimum balance to earn APY is $0.01. There is no minimum opening deposit if opened in private banking offices, but there is a $500 minimum opening balance if the account is opened online. Fees may reduce earnings on the account.

READ MORE: SEE THESE CASH BACK SHOPPING DEALS AND PROMOTIONS FOR BONUS CASH AND REWARDS

Bottom Line

The Cambridge Trust bonus offer seems attractive, especially if you’re considering opening a new Premium Plus Relationship Account. The potential to earn up to $2,000 through the New Money Bonus, based on your deposit amount and maintaining a certain balance for the first six months, can be a nice boost to your account.

Before taking advantage of this deal, make sure to carefully review all the terms and assess whether it aligns with your financial goals and banking needs. You’ll have to have quite a bit of money to earn the maximum bonus.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

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