Two value-driven, community-focused banks expanding our footprint together.

CHECKING & SAVINGS ACCOUNTS

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MELROSE BRANCH
781.665.2500

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CONTACT CENTER
888.418.5626
617.864.8700

Learn More About CSB

WHAT DO I NEED TO DO?

STATEMENTS & NOTICES


At CSB, eStatements are displayed in PDF as opposed to the HTML format used by Melrose Bank. Because of the change in format, federal regulations require that you demonstrate that you can receive and view the eStatements in this new format.

So, if you would like to continue or begin receiving eStatements after the system integration, you must follow the simple registration steps that will be outlined for you once you log into your CSB Online Banking account. At that time, you may opt to receive both statements and/or notices electronically, and you’ll now have the choice of receiving notifications via email or text (SMS). We encourage you to take advantage of these time saving and environmentally-friendly options.

If you receive paper statements today, you will continue to receive them that way post system integration.

WHAT'S DIFFERENT

ACCOUNT ACCESS


ACCOUNT NUMBER: In most cases, your account number will remain the same. If your account number is changing, we have already reached out to you to help with this transition.

CHECKS/DEPOSIT SLIPS: As your account number is likely staying the same, you may continue to use your Melrose Bank checks and deposit slips. These documents will be updated to Cambridge Savings Bank with your next order and your new checks will include CSB’s routing and transit number.

FEES & OTHER INFORMATION


As part of your transition, we will be waiving your monthly account maintenance fees (if applicable) until March 31, 2021.

You will find additional information on other fees and account disclosures here.

OCCASIONAL OVERDRAFT PRIVILEGE SERVICE (OOPS!TM) POLICY: As you may know, OOPS was a service that allowed Melrose Bank to pay items for which your account had insufficient or unavailable funds, instead of automatically returning those items unpaid. We will be discontinuing this service but we encourage you to reach out to us if you are interested in applying for an overdraft line of credit, or to add overdraft transfer from a savings or money market account to provide overdraft protection to your account. Please note that at our discretion, we may also pay an overdraft for you.

OOPS! is a registered trademark of the former Melrose Bank.

FDIC/DIF INSURANCE: Rest assured that your accounts will continue to be insured under the FDIC. For more information on this coverage, please visit fdic.gov/deposit.

As of 10/5/2020, your former Melrose Bank account will transition to a CSB account. 

We have matched your current account as closely as possible to the corresponding CSB account. However, if your new account is not the right fit for you, please reach out to us. If we believe we have an account that better meets your needs, we may also be reaching out to you post system integration.

PERSONAL CHECKING ACCOUNTS

EXISTING ACCOUNT
MELROSE BANK
NEW ACCOUNT
CSB
NEW ACCOUNT DETAILS

Free Checking

Simple Checking
  • No monthly maintenance fee
    (Please note that this account qualifies for 18/65 fee waivers and discounts)

Genius Checking

Simple Checking for Students
  • No monthly maintenance fee
  • Up to $12 in monthly ATM surcharge refunds1

All In Checking

NOW Checking

Performance Plus Checking
  • No monthly maintenance fee
    (when you meet balance requirements at account or relationship level)2
  • Earns variable rate of interest
  • Unlimited ATM surcharge refunds3
  • Unlimited basic style checks
  • Free money orders/treasurer’s checks
  • Discounts on loan products4
  • Bonus rate tier on Performance Money Market account

Money Market Checking

Super Money Market Checking

Performance Plus Money Market
  • Our best savings rate
  • No monthly maintenance fee
    (when you meet balance requirements)5
  • Bonus Tier with a Performance Plus Checking account

BUSINESS CHECKING ACCOUNTS

EXISTING ACCOUNT
MELROSE BANK
NEW ACCOUNT
CSB
NEW ACCOUNT DETAILS

Free Business Checking

Business Checking

Small Business Checking
  • No monthly fee
  • Up to 125 basic transactions a month at no charge6
  • Receive a Small Business Debit Mastercard® and access to Business Online Banking and Mobile Banking services

IOLTA Checking

CSB IOLTA Account
  • No minimum balance requirement
  • No monthly maintenance fees

Non-Personal NOW Checking

Community Partner Business Checking
  • Earns variable rate of interest
  • No monthly maintenance fee
    (when you meet balance requirements at account or relationship level)7

PERSONAL SAVINGS ACCOUNTS

EXISTING ACCOUNT
MELROSE BANK
NEW ACCOUNT
CSB
NEW ACCOUNT DETAILS

Statement Savings

School Banking Statement Savings

Simple Savings
  • No monthly maintenance fee
    (when you meet balance requirements)8
    (Please note that this account qualifies for 18/65 fee waivers and discounts)
Money Market Statement Savings Performance Plus Money Market
  • Our best savings rate
  • No monthly maintenance fee
    (when you meet balance requirements)5

Money Market Passbook

Passbook Savings

Passbook Savings
  • No monthly maintenance fee
    (when you meet balance requirements)9
    (Please note that this account qualifies for 18/65 fee waivers and discounts)

IRA Money Market

IRA Savings

Retirement Performance Plus Money Market
  • $15 Traditional and Roth IRA Plan
    annual fee
  • $25 SEP Plan annual fee
  • No monthly maintenance fees
  • No minimum balance requirement

PERSONAL CD ACCOUNTS

Your CD account will transition to CSB with your current Melrose Bank rate and terms. At maturity, it will roll into the appropriate CSB account. If your CD is maturing prior to 10/2/2020, please refer to the maturity notice you will be receiving for important details.

BUSINESS SAVINGS ACCOUNTS

EXISTING ACCOUNT
MELROSE BANK
NEW ACCOUNT
CSB
NEW ACCOUNT DETAILS

Business Statement Savings

Small Business Savings
  • No monthly maintenance fee
    (when you meet balance requirements)10

ACCOUNT DISCLOSURES

Simple Checking for Students: 1 Please note when traveling abroad you must submit all ATM/Debit Card receipts for refunds.

Performance Plus Checking: 2 Monthly fee of $20 waived if average monthly combined deposit balances, and consumer loan balances, excluding mortgage balances, are $10,000 or greater. 3 Please note when traveling abroad you must submit all ATM/Debit Card receipts for refunds. 4 Subject to credit approval. Annual fee waiver on Home Equity and Overdraft Lines of Credit. The Annual Percentage Rate on Overdraft Lines of Credit is 18% as of 8/24/20.

Performance Plus Money Market: 5 Maintain an average monthly balance of $1,000 to waive the $10 monthly fee.

Small Business Checking: 6 Basic transactions include any combination of deposits, items deposited, checks paid, account transfers, ACH credits and ACH debits.

Community Partner Business Checking: 7 Maintain an average monthly balance of $1,500 to waive the $10 monthly fee.

Simple Savings: 8 Maintain an average monthly balance of $250 to waive the $5 monthly fee or enjoy your account maintenance fee-free if you’ve notified us that you’re 18 or younger or 65 or older.

Passbook Savings: 9 Maintain an average monthly balance of $250 to waive the $5 monthly fee.

Small Business Savings: 10 Maintain an average monthly balance of $1,000 to waive the $5 monthly fee.

Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.