We will be closed on Monday, May 27th in observance of Memorial Day. We will return to normal bank hours on Tuesday, May 28th.

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.

CD Rates & Disclosures

Rates Effective: May 20, 2024

TermMinimum Deposit to Open AccountMinimum Balance to Earn APY*Interest RateAPY*Compounding Frequency
6 Months$2,500.00
$2,500 - $49,999.994.85%4.85%Simple
$50,000.00 and over4.85%4.85%Simple
9 Months$500.00
$500.00 - $99,999.994.45%4.60%Quarterly
$100,000.00 and over4.45%4.60%Quarterly
12 Months$500.00
$500.00 - $99,999.994.35%4.51%Monthly
$100,000.00 and over4.35%4.51%Monthly
24 Months$500.00
$500.00 - $99,999.993.64%3.75%Monthly
$100,000.00 and over3.64%3.75%Monthly
36 Months$500.00
$500.00 - $99,999.992.75%2.83%Monthly
$100,000.00 and over2.75%2.83%Monthly

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

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

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