Deposit Specials

Deposit Specials

Choose one, or go with two great ways to save! Both are FDIC and DIF insured.

Limited-time savings offers – available at all our locations and online.

Our new Platinum Preferred Savings is a high-yield savings account set up so you can earn great rates while keeping your money easily accessible.

With our 16-month CD, you earn a guaranteed return.

To open the Platinum Preferred Savings online, in the product selection screen, select “Promotional Savings Account” as the product. Enter promo code “PPSN” for Platinum Preferred Savings in the next screen to complete your account opening.

Open Platinum Preferred Savings Online

To open the 16-month CD online, in the product selection screen, select “Promotional Certificate of Deposit” as the product. Enter promo code “16FR” for the 16-month CD in the next screen to complete your account opening.

Open 16-Month CD Special Online

Platinum Preferred Savings: Use promo code "PPSN" when opening online

Minimum Daily Balance to Earn APY APY1
$0.00 - $99,999.99 1.50%
$100,000.00 - $499,999.99 3.00%
$500,000.00 - $999,999.99 3.00%
$1,000,000.00 and over 3.00%

16-Month CD: Use promo code "16FR" when opening online

Term Minimum Daily Balance to Earn APY APY2
16 months $1,000 4.25%
1Annual Percentage Yield (APY) effective as of 2/3/23. $10.00 minimum deposit required to open account. Personal deposits of Massachusetts residents only. Must be opened with new funds not currently on deposit with East Cambridge Savings Bank. This is a variable rate account and interest rates may change after account opening unless otherwise disclosed here or elsewhere. Rate is guaranteed through 7/31/23. Product offering may be withdrawn at any time. Fees and other conditions may reduce earnings; ask for details. For other terms and conditions, please refer to account disclosures available at account opening and upon request.

2Annual Percentage Yield (APY) effective as of 2/3/23. $1,000 minimum deposit required to open account and obtain APY. For personal and business deposits of Massachusetts residents and Massachusetts approved businesses only. Must be opened with new funds not currently on deposit with East Cambridge Savings Bank. Maximum deposit of $1,000,000. Product offering may be withdrawn at any time. Fees and other conditions may reduce earnings; ask for details. For other terms and conditions, please refer to account disclosures available at account opening and upon request. A penalty may be imposed for early withdrawals.

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