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

Money Market Accounts


Earn Higher Interest With a Money Market Account

When you want to earn a higher rate of interest but you need to have your funds accessible to you, consider a BankGloucester Money Market Account. BankGloucester currently offers three types of Money Market Accounts


Premier PLUS Money Market Account

Our Premier Plus Money Market Account offers competitive rates. Because these rates are variable, they are subject to change without prior notice.

The Premier Plus Money Market Account is a bundled account and requires that you have, or open, a BankGloucester checking account. Limitations exist on the number and type of withdrawals and transfers.


Premier Money Market Account

If you'd like to earn a higher interest rate, comparable to a certificate of deposit, while maintaining the total availability of your funds, and the feature of limited check writing, then our Premier Money Market Account is for you.

Limitations exist on the number and type of withdrawals and transfers


Personal Money Market Account

Our Personal Money Market Account offers competitive rates. Because these rates are variable, they are subject to change without notice.

Limitations exist on the number and type of withdrawals and transfers.


Rates and Disclosures

Rates Effective: July 21, 2017

*APY:: Annual Percentage Yield

Type Minimum Deposit to Open Account Minimum Balance to Earn APY* Interest Rate APY* Compounding Frequency
Premier Plus Money Market $10,000
Tier 4 $100,000.00 and over 0.35% 0.35% Daily
Tier 3 $50,000 - $99,999.99 0.25% 0.25% Daily
Tier 2 $10,000.00 - $49,999.99 0.25% 0.25% Daily
Tier 1 $0.01 - $9,999.99 0.25% 0.25% Daily
Premier Money Market $10,000
Tier 4 $50,000.00 and over 0.25% 0.25% Daily
Tier 3 $25,000.00 - $49,999.99 0.25% 0.25% Daily
Tier 2 $10,000.00 - $24999.99 0.25% 0.25% Daily
Tier 1 $0.01 - $9999.99 0.10% 0.10% Daily
Personal Money Market $1,000.00
Tier 2 $1,000 and over 0.25% 0.25% Daily
Tier 1 $0.01 - $999.99 0.10% 0.10% Daily

Rates may change after the account is opened. Fees could reduce earnings.