Call: 978-283-8200 / 160 Main Street, Gloucester, MA 01930

Personal Banking

CD's: A great way to put your money to work for you!

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 6 months to 60 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  • No penalty for interest withdrawn, Penalty for early withdrawal of principal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

Rates & Disclosures

Rates Effective: April 14, 2014

*APY: Annual Percentage Yield

Term Minimum Deposit to Open Account Minimum Balance to Earn APY* Interest Rate APY* Compounding Frequency
6 Months $2,500 $2,500 - $49,999.99 .35% .35% Simple
$50,000.00 and over .35% .35% Simple
12 Months $500.00 $500.00 - $49,999.99 .45% .46% Quarterly
$50,000.00 and over .45% .46% Quarterly
18 Months $500.00 $500.00 - $49,999.99 .50% .51% Quarterly
$50,000.00 and over .60% .61% Quarterly
24 Months $500.00 $500.00 - $49,999.99 .70% .71% Quarterly
$50,000.00 and over .80% .81% Quarterly
30 Months $500.00 $500.00 - $49,999.99 .90% .92% Quarterly
$50,000.00 and over 1.00% 1.02% Quarterly
36 Months $500.00 $500.00 - $49,999.99 1.10% 1.12% Quarterly
$50,000.00 and over 1.20% 1.22% Quarterly
48 Months $500.00 $500.00 - $49,999.99 1.25% 1.27% Quarterly
$50,000.00 and over 1.35% 1.38% Quarterly
60 Months $500.00 $500.00 - $49,999.99 1.40% 1.43% Quarterly
$50,000.00 and over 1.50% 1.53% Quarterly
9 Months $500.00 $500.00 - $49,999.99 .40% .41% Quarterly
$50,000.00 and over .40% .41% Quarterly

Rates effective as of 04/14/2014. Fees could reduce earnings. On Certificate and IRA Accounts a penalty may be imposed for early withdrawal. All Deposits are Insured in Full.

IRA's

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.

  • Traditional IRAs allow you to defer taxes on your earnings until they are withdrawn, and certain contributions are tax deductible in the tax year for which they are made.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

Rates & Disclosures

Rates Effective: April 14, 2014

*APY: Annual Percentage Yield

Term Minimum Deposit to Open Minimum Balance to Earn APY* Interest Rate APY* Compounding Frequency
12 Months $500.00 $500.00 - $49,999.99 .45% .46% Quarterly
$50,000.00 and over .45% .46% Quarterly
18 Months $500.00 $500.00 - $49,999.99 .50% .51% Quarterly
$50,000.00 and over .60% .61% Quarterly
24 Months $500.00 $500.00 - $49,999.99 .70% .71% Quarterly
$50,000.00 and over .80% .81% Quarterly
30 Months $500.00 $500.00 - $49,999.99 .90% .92% Quarterly
$50,000.00 and over 1.00% 1.02% Quarterly
36 Months $500.00 $500.00 - $49,999.99 1.10% 1.12% Quarterly
$50,000.00 and over 1.20% 1.22% Quarterly
48 Months $500.00 $500.00 - $49,999.99 1.25% 1.27% Quarterly
$50,000.00 and over 1.35% 1.38% Quarterly
IRA Statement Savings $50.00 $0.01 .50%* .50% Monthly

Rates effective as of 04/15/2014. 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 $10.00 annually on December 15th. *IRA Statement Savings account rate may change after account is opened. All Depositors Insured in Full.