Find an updated list of Cambridge Trust promotions, bonuses, and offers here.
Currently, they have a up to $2500 bonus when you open a checking account and meet all the requirements. This bonus is for a business account.
About Cambridge Trust Promotions
Cambridge Trust is a private bank providing dedicated personal attention and custom solutions to build and preserve wealth. Throughout their history, Cambridge Trust has created real connections with their clients, their families, innovative businesses, and the community. If you are not a resident in Massachusetts, check out this list of nationwide bank bonuses for more fitting offers.
I’ll review the current Cambridge Trust Promotions below.
Cambridge Trust Up to $2500 Checking Bonus
Cambridge Trust is offering a $2500 bonus when you open a new checking account and meet all the requirements.
- What you’ll get: $2500 bonus
- Account Type: Checking
- Availability: MA (Bank Locator)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: None
- Monthly Fee: Yes; see below
- Household Limit: None listed
- Closing Account Fee: None listed
(Expires 12/31/2023)
| BMO Smart Money Checking ($350 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | Truist Checking ($400 bonus) |
How To Earn Bonus
- Earn up to $2,500 when you open a Premium Plus Relationship Account.
- $500 credit for $25,000+ combined average daily balance of new money during the first six (6) months
- $1,000 credit for $100,000+ combined average daily balance of new money during the first six (6) months
- $2,000 credit for $500,000+ combined average daily balance of new money during the first six (6) months
- Additional $500 credit for direct deposit of $2,500+ for three consecutive months in the Premium Plus Relationship Account.
- 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 following account opening date of Premium Plus Relationship Account. New money is classified as deposits that have not been held previously at Cambridge Trust. The combined average daily balance is determined 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 that figure by the number of days in the same period. Withdrawals and third-party transfers during first six (6) months will reduce combined average daily balance used to determine bonus credit. Combined average daily balance of new money during the first six (6) months of $25,000 to $99,999.99 will earn bonus credit of $500, combined average daily balance of $100,000 to $499,999.99 will earn bonus credit of $1,000, and combined average daily balance of $500,000 or more will earn bonus credit of $2,000. New Money Bonus is available to new clients, limited to one per household or tax identification number, and may be withdrawn at anytime. New Money Bonus will be credited to Premium Plus Relationship Account within sixty (60) days following the first six (6) months if qualifications are met.
- Direct Deposit Bonus $500: Open a new Premium Plus Relationship Account and establish direct deposit within the first six (6) months of account opening to earn a $500 bonus. The direct deposit(s) must total to at least $2,500 per statement cycle and may be from sources such as payroll, federal benefits, retirement benefits, and/or investment distributions. The Direct Deposit Bonus will be credited to 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.
- New Money Bonus and Direct Deposit Bonus offers expire December 31, 2023 and are subject to IRS 1099-INT reporting. Client will be responsible for any federal, state, or local taxes due on the bonus(es).
Cambridge Trust $250 Business Checking Bonus (Expired)
Earn $250 with this offer with this business checking.
Cambridge Trust is offering a $250 business checking bonus when business owners open a new checking account and meet all the requirements.
- What you’ll get: $250 bonus
- Account Type: Business Checking
- Availability: MA (Bank Locator)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: None
- Monthly Fee: Yes
- Household Limit: 1
- Closing Account Fee: None listed
(Offer Expires September 30, 2020)
| Chase Business Checking ($300 or $500 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ( $500 or $900 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Bluevine Business Checking ($300 Bonus) |
| Axos Business Premium Savings ($375 Bonus) | |
How To Earn Bonus
- Open a Business Concierge Checking account before August 1, 2020, with a qualifying deposit of $10,000.00 or more within 60 days of opening the account, and receive a $250.00 bonus.
- The $10,000.00 balance must be maintained for a minimum of two consecutive statement cycles.
- Bonus will be paid within 60 days of the requirements being satisfied.
- Account must be open to receive the bonus.
- Account must be open to receive the bonus.
- Offer good through September 30, 2020.
- Limited to one per household.
- Cambridge Trust reserves the right to change the offer at any time.
- Client will be responsible for any federal, state, or local taxes due on the bonus.
- The Bank will report the income on 1099-INT.
How To Avoid Monthly Fees
- Premium Plus Relationship: Waived monthly maintenance fee with $25,000 minimum combined monthly average balance, a Cambridge Trust first mortgage or a Home Equity Line of Credit
- Premium Relationship: Waived $18 monthly maintenance fee with $10,000 minimum combined monthly average balance
- Access Checking: Waived $12 monthly maintenance fee with $5,000 minimum combined monthly average balance and eStatement delivery
- Access Checking for Students: No monthly maintenance fee
- Value Checking: No monthly fee or minimum balance required when you make just one monthly qualifying direct deposit
- Good Neighbor Checking: Yes, no listed
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Bottom Line
These are all the current Cambridge Trust promotions and offers. If you are a business looking for an account this may be an offer for you. This offer is nice considering it is soft pull, however there are other pesky requirements such as the monthly fee that make this account unattractive. Nevertheless, it’s still worth a look if you can meet the account requirements.
CDs and Savings accounts are a great way to save money. Check out our full list of some of the best Bank Rates and CD Rates nationwide.
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*Check back for updated Cambridge Trust promotions, bonuses and offers.