Cambridge Trust Bonuses: $500, $1000, $2000, $2500 Checking Promotions (MA)

Check out the most recent Cambridge Trust bonuses, promotions, and offers here.

Currently, they are offering up to a $2500 bonus when you open a checking account and meet the requirements.

Cambridge Trust Bonuses Review

Established in 1980, Cambridge Trust is a private bank providing dedicated personal attention and custom solutions to build and preserve wealth. Throughout their history, they have created real connections with their clients, their families, innovative businesses, and the community.

I’ll go over the Cambridge Trust offers below.

Cambridge Trust $2500 Checking Bonus

You can receive a $2500 bonus when you open a new checking account with certain requirements.

• What you’ll get: Up to $2500 Bonus
• Eligible account: Checking Account
• Where it’s available: MA (Branch Locator)
• Credit Inquiry: Soft Pull or Hard Pull?
• Direct Deposit Required: No
• Monthly fee: Yes, see below
• How to earn it:
  • 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.

(Expires 12/31/2023)

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 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)

You can receive a $2500 bonus when you open a new business checking account with certain requirements.

• What you’ll get: Up to $2500 Bonus
• Eligible account: Business Checking Account
• Where it’s available: MA (Branch Locator)
• Credit Inquiry: Soft Pull or Hard Pull?
• Direct Deposit Required: No
• Monthly fee: Yes, see below
• How to earn it:
  • 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.
  • Offer good through September 30, 2020.

(Expires September 30, 2020)

Fine Print

• Bonus will be paid within 60 days of the requirements being satisfied.
• 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.
• The client will be responsible for any federal, state, or local taxes due to the bonus.
• The Bank will report the income on 1099-INT.

How To Waive 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

Conclusion

If you are looking to open a new business checking account, I recommend you take a look at this offer to earn a generous bonus. In addition, the account comes with many great features you can utilize.

I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.

• Best Savings/Money Market rates
• Best CD Account rates

If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.

Feel free to comment on this post with any questions you may have about Cambridge Trust, their accounts they offer, or coupon codes.

Check back often for more Cambridge Trust Bonuses, Promotions, or Offers!