Best Banks & Credit Unions in Cambridge, Massachusetts

Banks and credit unions serving Cambridge, Massachusetts. Compare up to 5.00% APY, fees, minimums and membership rules, dated when we read them.

This page covers banks, credit unions, and local branches available to residents of Cambridge, Massachusetts. All rankings inherit from the Massachusetts state directory — every institution listed is licensed to serve Cambridge residents and is either headquartered in Massachusetts or operates branches in the metro.

Top options in Cambridge

• Service Credit Union — 5.00% APY. Primary Savings: 5.00% APY on daily balances up to $500; the balance above $500 earns 0.25% APY; $5 to open (membership share); APY accurate as of 11/16/2025 per the page. Read Sep 7, 2026 on servicecu.org.
• Rockland Federal Credit Union — 4.10% APY. 12-month 1 Year Share Certificate: $500 minimum deposit; dividends compounded monthly; personal accounts only. Read Sep 7, 2026 on rfcu.com. Rates as of 2026-09-01 per the page.
• Service Credit Union — 4.00% APY. 12 Months Share Certificate: $500 minimum deposit; fixed rate; APY accurate as of 08/01/2026 per the page. Read Sep 7, 2026 on servicecu.org.
• Northern Bank — 3.90% APY. 12 months CD: $500.00 minimum balance to open and earn APY; maximum $250,000.00 per certificate; the 7-month CD pays 4.00% APY. Read Sep 7, 2026 on nbtc.com. Rates as of 2026-09-01 per the page.
• Santander Bank, N.A. — 3.85% APY. 10-Month CD: No 12-month term is listed; the 10-Month and 14-Month CDs both pay 3.85% APY; $500 minimum to open; available when opened in a Santander location in CT, DE, MA, NH, NJ, NY, PA or RI; 'APY is accurate and effective as of today'. Read Sep 7, 2026 on santanderbank.com.
• Needham Bank — 3.85% APY. 12-month 1 Year Certificate of Deposit: $1,000 minimum opening deposit; interest compounded continuously and credited monthly; 11 and 15 month CDs pay 4.10% APY. Read Sep 7, 2026 on needhambank.com. Rates as of 2026-09-01 per the page.

Banks with more than one branch in Cambridge

Each opens every one of that bank's offices in Cambridge, with the address of each and what it holds.

• Bank of America, National Association in Cambridge — 6 branches
• Eastern Bank in Cambridge — 6 branches

Other Massachusetts cities

• Banks in Boston
• Banks in Worcester
• Banks in Springfield
• Banks in Lowell
• Banks in Brockton
• Banks in New Bedford
• Banks in Quincy
• Banks in Lynn

See the full Massachusetts banks directory for every institution we've verified in the state, plus the underlying methodology.