978-283-8200 | 160 Main Street, Gloucester, MA 01930 | 15 Martin Street, Essex, MA 01929 | HOURS

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: November 21, 2017

*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 0.35% 0.35% Simple
$50,000.00 and over 0.35% 0.35% Simple
12 Months $500.00
$500.00 - $49,999.99 0.45% 0.46% Quarterly
$50,000.00 and over 0.45% 0.46% Quarterly
18 Months $500.00
$500.00 - $49,999.99 0.50% 0.51% Quarterly
$50,000.00 and over 0.60% 0.61% Quarterly
24 Month $500.00
$500.00 - $49,999.99 0.75% 0.76% Quarterly
$50,000.00 and over 0.80% 0.81% Quarterly
30 Months $500.00
$500.00 - $49,999.99 2.10% 2.12% Quarterly
$50,000.00 and over 2.10% 2.12% Quarterly
36 Months $500.00
$500.00 - $49,999.99 1.30% 1.31% Quarterly
$50,000.00 and over 1.45% 1.46% Quarterly
48 Months $500.00
$500.00 - $49,999.99 1.75% 1.76% Quarterly
$50,000.00 and over 1.90% 1.91% Quarterly
60 Months $500.00
$500.00 - $49,999.99 1.75% 1.76% Quarterly
$50,000.00 and over 1.90% 1.91% Quarterly
9 Months $500.00
$500.00 - $49,999.99 0.40% 0.41% Quarterly
$50,000.00 and over 0.40% 0.41% Quarterly

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

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: November 21, 2017

*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 0.45% 0.46% Quarterly
$50,000.00 and over 0.45% 0.46% Quarterly
18 Months $500.00
$500.00 - $49,999.99 0.50% 0.51% Quarterly
$50,000.00 and over 0.60% 0.61% Quarterly
24 Months $500.00
$500.00 - $49,999.99 0.75% 0.76% Quarterly
$50,000.00 and over 0.80% 0.81% Quarterly
30 Months $500.00
$500.00 - $49,999.99 2.10% 2.12% Quarterly
$50,000.00 and over 2.10% 2.12% Quarterly
36 Months $500.00
$500.00 - $49,999.99 1.30% 1.31% Quarterly
$50,000.00 and over 1.45% 1.46% Quarterly
48 Months $500.00
$500.00 - $49,999.99 1.75% 1.76% Quarterly
$50,000.00 and over 1.90% 1.91% Quarterly
IRA Statement Savings $50.00 $0.01 0.50%* 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 $10.00 annually on December 15th. *IRA Statement Savings account rate may change after account is opened.

All Depositors Insured in Full.