CDs & IRAs

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: June 24, 2024

TermMinimum Deposit to Open AccountMinimum Balance to Earn APY*Interest RateAPY*Compounding Frequency
6 Months$2,500
$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%4.50%Quarterly
$100,000.00 and over4.35%4.50%Quarterly
15 Months$500.00
$500 - $99,999.994.10%4.25%Monthly
$100,000.00 and over4.10%4.25%Monthly
18 Months$500.00
$500.00 - $99,999.993.75%3.86%Quarterly
$100,000.00 and over4.00%4.12%Quarterly
23 Month$500.00
$500 - $99,999.993.25%3.35%Monthly
$100,000.00 and over3.50%3.61%Monthly
24 Month$500.00
$500.00 - $49,999.993.64%3.75%Quarterly
$50,000.00 and over3.64%3.75%Quarterly
30 Months$500.00
$500.00 - $99,999.993.25%3.34%Quarterly
$100,000.00 and over3.50%3.60%Quarterly
36 Months$500.00
$500.00 - $49,999.992.75%2.77%Quarterly
$50,000.00 and over2.75%2.77%Quarterly
48 Months$500.00
$500.00 - $49,999.990.75%0.76%Quarterly
$50,000.00 and over0.75%0.76%Quarterly
60 Months$500.00
$500.00 - $49,999.991.00%1.02%Quarterly
$50,000.00 and over1.00%1.02%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.

IRAs

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. Come speak with one of our Retirement Specialists for more information.


IRA Rates & Disclosures

Rates Effective: June 24, 2024

TermMinimum Deposit to Open AccountMinimum Balance to Earn APY*Interest RateAPY*Compounding Frequency
12 Months$500.00
$500.00 - $99,999.994.35%4.50%Quarterly
$100,000.00 and over4.35%4.50%Quarterly
18 Months$500.00
$500.00 - $99,999.993.75%3.86%Quarterly
$100,000.00 and over4.00%4.12%Quarterly
24 Months$500.00
$500.00 - $49,999.993.89%4.00%Quarterly
$50,000.00 and over3.89%4.00%Quarterly
30 Months$500.00
$500.00 - $99,999.993.25%3.34%Quarterly
$100,000.00 and over3.50%3.60%Quarterly
36 Months$500.00
$500.00 - $49,999.992.75%2.77%Quarterly
$50,000.00 and over2.75%2.77%Quarterly
48 Months$500.00
$500.00 - $49,999.990.75%0.76%Quarterly
$50,000.00 and over0.75%0.76%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 Depositors Insured in Full.
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