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

Checking


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The Services You Need!

Enjoy these features with any Checking Account at BankGloucester

Checking Account Options


Platinum Reward Checking - Our Most Popular Account

Additional Benefits of Platinum Reward Checking include:

1.51% Annual Percentage Yield (APY) paid on daily balances of $0.01-$25,000.00. An interest rate of 0.25%** will be paid for that portion of your (daily balance/average daily balance) that is greater than $25,000.01. The APY for this tier will range from 1.51% to 0.25%, depending on the balance in the account and that the minimum qualifications are met. Rates accurate as of September 22, 2017. This is a variable rate account and the interest rate and APY may change at any time after the account is opened. The minimum deposit to open this account is $50.00. Available on personal accounts only.

*Platinum Reward Checking pays our highest interest rate and refunds all of your domestic ATM fees when you use these three convenient features each Qualification Cycle:

*When these qualifications are NOT met, your account will still function as a FREE checking account and will earn 0.10% APY; however, it will not receive ATM refunds for that Qualification Cycle.

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Platinum Interest Checking

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Interest Checking

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Absolutely Free Checking

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If you are over 65 or under 18 please contact customer service about our free checking account.


Rates and Disclosures

Rates Effective: September 22, 2017

*APY: Annual Percentage Yield

Type Minimum Deposit to Open Account Minimum Balance to Earn APY* Interest Rate APY* Compounding Frequency
Platinum Reward Checking $50.00
if requirements are met $0.01-$25,000.00 1.50% 1.51% Monthly
for balances over $25,000.00 $25,000.01 0.25%** 0.25% Monthly
if requirements are not met $0.01 and over 0.10% 0.10% Monthly
Platinum Interest Checking $50.00
Tier 1 $0.01-$2,500.00 0.10% 0.10% Monthly
Tier 2 $2,500.01 and over 0.25% 0.25% Monthly
Interest Checking $50.00 $0.01 0.05% 0.05% Monthly

**The APY (Annual Percentage Yield) for this tier will range from 1.51% to 0.25%, depending on the balance in the account. Rates may change after the account is opened. Fees could reduce earnings.


Want to switch to BankGloucester?
Our Switch Kit Makes it Easy...

We make it easy to switch your checking to the bank that builds long-term relationships with customers through exceptional customer service.

Download our Switch Kit (PDF) and start today!