Savings & Money Market Accounts | East Cambridge Savings Bank | ECSB.com

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Perhaps you’re putting money away for something special. Or you like to know you’ve got a cushion in case of some kind of emergency. Or you simply like to have money at your fingertips that’s earning interest. Whatever your reason for having a savings account, you’ll find exactly what you’re looking for at East Cambridge Savings Bank.

 

 

    Advantage Savings iSave Passbook Savings eAccess Savings
   
  Ideal for you if

 You are interested in a highly competitive interest-bearing account.

 

 You are 18 years or younger and want your money to earn interest while you save.

 

 Want to enjoy the benefits of an interest-bearing account with the added convenience of a record-keeping passbook.

 

 You are interested in a highly competitive interest-bearing account and can pair it with a checking account.
 

Minimum to open

 $10.00

 

 $10.00

 

 $10.00

 

$10.00 
 

Monthly maintenance service charge

None

 

None

 

None

 

None
 

Minimum balance to avoid maintenance service charge

 

 N/A

 

N/A 

 

N/A

 

N/A 
  Interest bearing3

View Rates

 

View Rates

 

View Rates

View Rates

  Check writing

Check mark.

N/A

 

N/A 

N/A 
 

Free Online Banking5

 

Check mark.

Check mark.

Check mark.

Check mark.

 

Mobile Banking6

 

Check mark.

Check mark.

N/A

Check mark.

 

eStatements

 

Check mark.

Check mark.

N/A


Check mark.

  POS fee per transaction (pinned)
 $0.50 $0.50 
N/A
Free
 

ATM Banking
ECSB ATMs

 

Free

Free

N/A

Free
 

ATM Banking Non-ECSB ATMs (per transaction)

 

$1.50

$1.50

N/A

Free
 

Withdrawal/Transfer transactions at
the Bank

 

Free

Free

Free

Free
 

Excess transactions over allowed limits7

 

$10.00


$10.00


N/A

$10.00
  Additional features

N/A

Bank deposits $10.00 upon account opening and $10.00 each year on your birthday.8

N/A

 

N/A 

 

 

Other fees may apply, please refer to our Schedule of Charges.

1. Money Market Management Accounts offer an automatic sweep service to cover checks drawn on the checking account. Similar limitations apply as mentioned in note 7.

2. A $0.50 fee will be assessed on items paid on the Money Market Management Checking Account. To avoid this charge, you must maintain a $5,000.00 minimum month-end balance in the paired Money Market Management Savings Account.

3. Annual Percentage Yield (APY) and interest rates may change after account opening unless otherwise disclosed here or elsewhere. 

4. Check writing only applies to the linked checking accounts for the Special Select Banking and Money Market Management. 

5. This service requires a separate application.
6
Online Banking required. East Cambridge Savings Bank does not charge a fee for our mobile banking services. However, data and text message rates set by your mobile service provider may apply. Check with your mobile service provider for details.

7Transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer by check, draft, point-of-sale, or similar order to third parties are limited to six per statement cycle. See Your Deposit Account disclosure for more information about your account.

8. Ten dollars for account opening will be deposited on the day of the account opening. Ten dollars for birthday bonus will be deposited annually during the month of the account holder's birthday. These deposits will be listed as an interest adjustment on your monthly statement.




For more information, please call our Customer Service Center at 1.866.354.ECSB (3272).
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