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

Savings


Save with BankGloucester

BankGloucester offers Statement Savings and Passbook Savings Accounts. Start your savings account today with a $10 minimum opening balance. Statement Savings customers have the option of accessing their account via ATM card, Telephone Banking, and Online Banking.


Traditional Savings Accounts


Passbook Savings

Looking for a basic savings program? You may like our Passbook Savings Account.

Because the passbook is presented for each deposit and withdrawal, you always know your current balance. Whether you're saving for a special purpose or budgeting for every day necessities, our Passbook Savings is a good choice.


Kid$ave Savings Account

Kid$ave is a FUN way to teach children to save money.

Each time a child makes a deposit of $5 or more into their Kid$ave account, they may choose a prize from the Treasure Chest. Kid$ave is a basic, passbook savings account. It is an interest-bearing account and there are NO FEES associated with this account.


Statement Savings

Don't want to have to come into the bank with a passbook? Consider a Statement Savings Account.

Our Statement Savings Account provides easy 24/7 access to your money so you can bank when it's convenient for you! With your Statement savings account you can...

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


Rates & Disclosures

Rates Effective: May 26, 2017

*APY: Annual Percentage Yield

Type Minimum Deposit to Open Account Minimum Balance to Earn APY* Interest Rate APY* Compounding Frequency
Passbook Savings $10 $0.01 0.25% 0.25% Quarterly
Statement Savings $10 $0.01 0.25% 0.25% Monthly
Christmas Club Account $1 $0.01 0.25% 0.25% Quarterly

Rates effective as of 05/26/2017. Rates may change after the account is opened. Fees could reduce earnings.