Please note: We will be closed on Monday, October 14th in observance of the Columbus/Indigenous Peoples’ Day. We will reopen for normal hours on Tuesday, October 15th.

At BankGloucester, we offer a range of Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) to help you achieve your financial goals.

Our CDs provide a secure and reliable way to earn interest on your savings over a fixed term, with a variety of options to suit your needs. With competitive rates and flexible terms, you can choose the CD that best aligns with your financial plans, knowing your investment is insured in full.

For those planning for retirement, our IRAs offer a tax-advantaged way to save for your golden years. Explore our IRA options to find the account that fits your financial strategy, and take a confident step toward securing your financial future.

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Enjoy Great Rates with a CD.

Certificates of Deposit (CDs) offer a higher rate of interest than regular savings accounts, and help you maximize your return with minimal risk. BankGloucester CDs come in 6 to 60-month terms so you can choose what works best for you. There are no set-up charges or fees, and no penalty for interest withdrawal. If you are seeking a safe and secure way to earn interest on your money, a CD may be the right choice for you.

CD Rates & Disclosures

Rates Effective: September 21, 2024

TermMinimum Deposit to Open AccountMinimum Balance to Earn APY*Interest RateAPY*Compounding Frequency
6 Months$2,500
$2,500 - $49,999.994.50%4.50%Simple
$50,000.00 and over4.50%4.50%Simple
9 Months$500.00
$500.00 - $99,999.994.12%4.25%Quarterly
$100,000.00 and over4.12%4.25%Quarterly
12 Months$500.00
$500.00 - $99,999.993.88%4.00%Quarterly
$100,000.00 and over3.88%4.00%Quarterly
15 Months$500.00
$500 - $99,999.993.63%3.75%Monthly
$100,000.00 and over3.63%3.75%Monthly
18 Months$500.00
$500.00 - $99,999.993.64%3.75%Quarterly
$100,000.00 and over3.64%3.75%Quarterly
24 Month$500.00
$500.00 - $49,999.993.40%3.50%Quarterly
$50,000.00 and over3.40%3.50%Quarterly
30 Months$500.00
$500.00 - $99,999.993.16%3.25%Quarterly
$100,000.00 and over3.16%3.25%Quarterly
36 Months$500.00
$500.00 - $49,999.992.68%2.75%Quarterly
$50,000.00 and over2.68%2.75%Quarterly
48 Months$500.00
$500.00 - $49,999.992.19%2.25%Quarterly
$50,000.00 and over2.19%2.25%Quarterly
60 Months$500.00
$500.00 - $49,999.992.19%2.25%Quarterly
$50,000.00 and over2.19%2.25%Quarterly

Fees could reduce earnings. On Certificate and IRA Accounts a penalty may be imposed for early withdrawal.

Penalty calculation formula: [withdrawal amount x (annual interest rate/12) x number of months interest]
Example for $10,000 withdrawal from 24 month CD:[$10,000 x (0.04/12) x 3 = $100 penalty amount

All Deposits are Insured in Full.

Secure Your Future with Great IRA Options.

BankGloucester is pleased to offer a variety of IRA accounts. The Traditional IRA and the Roth IRA, each of which can offer you potential tax advantages.

Traditional IRAs allow you to defer taxes on your earnings until they are withdrawn, and certain contributions are tax deductible in the tax year for which they are made.

The Roth IRA is non-tax deductible for contributions but features tax-free withdrawals after age 59 or for certain distribution reasons after a five-year holding period.

BankGloucester IRA retirement

IRA Rates & Disclosures

Rates Effective: September 21, 2024

TermMinimum Deposit to Open AccountMinimum Balance to Earn APY*Interest RateAPY*Compounding Frequency
12 Months$500.00
$500.00 - $99,999.993.88%4.00%Quarterly
$100,000.00 and over3.88%4.00%Quarterly
18 Months$500.00
$500.00 - $99,999.993.64%3.75%Quarterly
$100,000.00 and over3.64%3.75%Quarterly
24 Months$500.00
$500.00 - $49,999.993.40%3.50%Quarterly
$50,000.00 and over3.40%3.50%Quarterly
30 Months$500.00
$500.00 - $99,999.993.16%3.25%Quarterly
$100,000.00 and over3.16%3.25%Quarterly
36 Months$500.00
$500.00 - $49,999.992.68%2.75%Quarterly
$50,000.00 and over2.68%2.75%Quarterly
48 Months$500.00
$500.00 - $49,999.992.19%2.25%Quarterly
$50,000.00 and over2.19%2.25%Quarterly
IRA Statement Savings$50.00
$0.010.50%*0.50%Monthly

Fees could reduce earnings. On Certificate and IRA Accounts a penalty may be imposed for early withdrawal. IRA accounts will be charged an IRA Service Fee of $15.00 annually on December 15th.

*IRA Statement Savings account rate may change after account is opened.

All Deposits are Insured in Full.

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