Paper CDs

Put your money to work for you with a CD.

Certificates of Deposit (CDs) offer a higher rate of interest than regular savings accounts. BankGloucester offers competitive rates. If you are seeking a safe and secure way to earn interest on your money, a CD may be the right choice for you.

Terms from 12 months, 24 months and 36 months

No set up charges or service fees

No penalty for interest withdrawn, penalty for early withdrawal of principal

Interest earned on your account may be added to the certificate, deposited in a BankGloucester account, or sent directly to you by check

CD Rates & Disclosures

Rates Effective: May 28, 2022

Term	Minimum Deposit to Open Account	Minimum Balance to Earn APY*	Interest Rate	APY*	Compounding Frequency
12 Months	$500.00
		$500.00 - $49,999.99	0.35%	0.36%	Monthly
		$50,000.00 and over	0.35%	0.36%	Monthly
24 Months	$500.00
		$500.00 - $49,999.99	0.50%	0.51%	Monthly
		$50,000.00 and over	0.50%	0.51%	Monthly
36 Months	$500.00
		$500.00-$49,999.99	0.75%	0.76%	Monthly
		$50,000.00 and over	0.75%	0.76%	Monthly
Fees could reduce earnings. On Certificate Accounts, a fee may be imposed for early withdrawal. All Deposits are Insured in Full.

Term

Minimum Deposit to Open Account

Minimum Balance to Earn APY*

Interest Rate

APY*

Compounding Frequency

12 Months

$500.00

$500.00 - $49,999.99

0.35%

0.36%

Monthly

$50,000.00 and over

0.35%

0.36%

Monthly

24 Months

$500.00

$500.00 - $49,999.99

0.50%

0.51%

Monthly

$50,000.00 and over

0.50%

0.51%

Monthly

36 Months

$500.00

$500.00-$49,999.99

0.75%

0.76%

Monthly

$50,000.00 and over

0.75%

0.76%

Monthly

Fees could reduce earnings. On Certificate Accounts, a fee may be imposed for early withdrawal.
All Deposits are Insured in Full.

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