Our Certificates of Deposit and Savings accounts are structured to provide you with a great rate and fully insured deposits regardless of which product works best for you. So whether you're saving for the long term, for something special, in case of emergency, or simply want your hard earned money earning a high rate of return, we have a solution for you.
View our products below,
click here for deposit rates, and contact us directly if you have any questions or would like assistance opening an account.
Certificates of Deposit
A secure way to grow your short- and long-term savings, Certificates of Deposit at East Cambridge Savings Bank offer guaranteed rates, flexible terms, and insurance on every dollar through a combination of FDIC and DIF insurance.
Click here to view terms and rates.
Open a CD Online
East Cambridge Money Market
While paying a great deposit rate on its own, East Cambridge Money Market can become even more valuable when linked to a checking account: Make 6 or more purchases in a month using your checking account’s debit card and you’ll automatically earn an interest rate
bonus.
Account Features:
- Great rates are standard; relationship bonus rates available
- No monthly service charge
- All deposits insured in full
- $10.00 minimum to open
- Online and Mobile Banking
- eStatements
- View rates and account details
Open a Money Market Account Online
Connection Savings
We are all about relationships and we want to reward you with a great rate on your savings.
Account Features:
Open a Connection Savings Account Online
iSave
Available to our neighbors who are 18 or under, the iSave account receives a $10.00 bonus on the day of account opening and a $10.00 bonus each year during the account owner's birthday month (up to age 18).*
Account Features:
- No monthly service charge
- All deposits insured in full
- $10.00 minimum to open
- Online and Mobile Banking
- Optional ATM card
- Free piggy bank at account opening**
- Must be opened at a banking center; please contact us for rates
Passbook Savings
This consistent savings vehicle includes a physical passbook to track your savings and earned interest in classic fashion.
Account Features:
- No monthly service charge
- All deposits insured in full
- $10.00 minimum to open
- Must be opened at a banking center; please contact us for rates
*Annual Percentage Yield (APY) as of 6/23/2025 and subject to change after account opening. Personal deposits of Massachusetts residents only. Other fees may apply, please refer to our Schedule of Charges. Fees and other conditions may reduce earnings on account; ask for details. For other terms and conditions, please refer to account disclosures available at account opening and upon request. If your daily balance is more than $9.99, but less than $50,000.00, the interest rate paid on the entire balance in your account will be
0.10%
with an annual percentage yield of 0.10%. An interest rate of 0.10% will be paid only for that portion of your daily balance that is greater than $49,999.99. The annual percentage yield for this tier will range from 0.10% to 0.10%, depending on the balance in the account. The Bank may require that an account owner be age 18 or younger to open and maintain this account. Limit one account per child. $10 for sign-up bonus will be deposited on the day of account opening. $10 for birthday bonus will be deposited annually during the account owner’s birthday month. These deposits will be listed as a “bonus payment” on your monthly statement.
**While supplies last.