Savings bank

Cambridge Savings Bank introduces money management – a tool for consumers to improve their financial well-being

CAMBRIDGE, Mass .– (COMMERCIAL THREAD) –Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $ 5 billion in assets, unveiled its personal finance visualization tool, Money management, to complement the suite of digital and user-friendly resources available to CSB and Ivy bank customers.

CSB presented its Money Management tool, in partnership with MX, in response to Americans’ concerns about their financial health. An Experian survey from last year found that 69% of respondents were concerned about their personal finances, while 59% were worried about paying off their existing debts. By developing a deeper understanding of consumer needs, CSB’s products and services are deployed to support the way consumers want to interact with their banks. The bank also offers resources that digital financial education and good fraud prevention practices.

Designed to help consumers take control of their financial health and interact with their finances in more meaningful ways, Money Management empowers users to responsibly monitor their spending, savings and financial accounts by providing tools and resources for :

  • Visualize their financial life: View all accounts, including bank accounts, retirement accounts, credit cards, mortgages and more from other financial institutions, in a central dashboard that allows users to view their complete financial situation, including including their overall net worth.
  • Establish budgets and manage debt: Monthly spending data will be reported to allow consumers to create budgets, plan the allocation of their funds and update projected revenues as needed. With the ability to link to aggregated accounts, individuals will be able to access balances, APR, latest payment dates, and minimum payments due for debt control and clearance.
  • Discover the trends: Users have the freedom to sort by date range, subcategories, and transactions to better understand their finances and gain insight into their spending, track their transaction history, and track their income and savings.

“Money management will inspire our clients to help them get on the right financial path by providing simple yet powerful tools that go beyond the basics to help them identify their spending and budgeting habits and improve their financial well-being ” said Susan Nachtigall, SVP Head of Digital Banking, Cambridge Savings Bank. “Complementing our digital tools, CSB will always have dedicated branch and call center team members available to ensure customers have access to live support for financial well-being, in addition in-person and virtual financial education classes we deliver to the communities we serve. . ”

Through the power of financial literacy, CSB aims to play a central role in enabling better financial outcomes for its clients and communities, especially for those who need it most, such as low-to-low income individuals and families. moderate.

CSB added Money Management to its digital offerings through its partnership with MX, a financial platform that enables financial institutions and fintechs to give their customers access to personalized and actionable information about their financial health.

Money management is easily accessible in CSB and Ivy Bank’s online and mobile banking platforms to give customers of both banks a holistic view of how, where and when their money is being spent and key information about how to improve their financial well-being. For more information on all the features and functionality offered by Money Management, please visit

About Cambridge Savings Bank

Cambridge Savings Bank is a full-service banking institution with over $ 5 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, our customers and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full range of personal and business banking services through a strong branch network based in Greater Boston and through digital banking solutions for individuals and businesses. commercial customers, small businesses and consumers. To learn more about how we can meet your needs, visit us at, or better yet, come meet us to help you get the most out of your banking relationship. FDIC member.

About Ivy Bank

Ivy Bank is a digital-only division of Cambridge Savings Bank, a well-established community bank that has been helping clients improve their financial well-being since 1834 throughout the Greater Boston area. Ivy was created to bring this same approach to customers outside of the traditional CSB marketplace and allow consumers to interact with their finances in more meaningful ways. With its headquarters in Cambridge, Massachusetts, CSB is immersed in one of the most technological cities in the United States, leading to an innovative and user-friendly digital banking experience through Ivy Bank. CSB is proud to provide through Ivy the security of a traditional bank, while offering the higher interest rates of a digital bank. Visit us at FDIC member.

About MX

MX, the financial data platform and leader in modern connectivity, helps organizations around the world connect to the world’s financial data and turn raw, unstructured data into their most valuable asset to deliver business experiences. smart and personalized money. MX connects more than 16,000 financial institutions and fintechs, providing them with the most reliable and secure data connectivity network in the industry. Additionally, MX powers 85% of digital banking providers, as well as thousands of banks, credit unions, and fintechs, with a combined reach of over 200 million consumers. To find out more, follow us on Twitter @MX or visit

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