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Business Deposit Rates

At Cape Ann Savings Bank, we offer competitive rates and personal service. Check out our Business deposit rates below. Visit one of our office locations during business hours to open an account.

Questions? Send us an email or call 978-283-0246, toll free 888-283-2272 for more information.

Calculators

 

Find the Right Account for You

  • Competitive Rates
  • Variety of Deposit Options

Any fee(s) assessed could reduce earnings on the following accounts

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Lighthouse Business Money Market Account Rates

Product Name

Interest Rate

Annual Percentage Yield (APY)

Minimum Daily Balance*

Lighthouse Business Money Market  Account

0.25%

0.25%

Equal to or greater than $0.00 but less than $50,000.00

 

5.00%

5.12%

Equal or greater than $50,000.00 but less than 500,000.00

 

5.00%

5.12%

Equal to or greater than $500,000.00 but less than 1,500,000.00

 

5.00%

5.12%

 Equal to or greater than $1,500,000.00

*To earn the annual percentage yield (APY).
Minimum $50,000.00 deposit to open Lighthouse Business Money Market Demand Deposit Account.
The interest rates are variable and rates may change, at our discretion, without notice.

Business Money Market Account Rates

Product Name

Interest Rate

Annual Percentage Yield (APY)

Minimum Daily Balance*

Business Money Market  Account

0.00%

0.00%

Equal to or greater than $0.00 but less than $500.00

 

0.25%

0.25%

Equal or greater than $500.00 but less than $10,000.00

 

0.25%

0.25%

Equal to or greater than $10,000.00 but less than $50,000.00

 

0.25%

0.25%

Equal to or greater than $50,000.00 but less than $250,000.00

 

2.50%

2.52%

 Equal to or greater than $250,000.00 

*To earn the annual percentage yield (APY).
Minimum $500.00 deposit to open.
The interest rates are variable and rates may change, at our discretion, without notice.
Interest will not be paid during any statement cycle where the account balance has fallen below $500.00.

Business Checking Account Rates

Product Name

Interest Rate

Annual Percentage Yield (APY)

Minimum Daily
Balance*

Business Sole Proprietor / Non-Profit Organization Classic Checking Account

 0.25%

0.25% 

$10.00 

*To open account and earn the annual percentage yield (APY).
This account is a variable rate account. The interest rate may change after the account is opened.

Business Statement Savings Account Rates

Product Name

Interest Rate

Annual Percentage Yield
(APY)

Minimum Daily Balance*

Business Statement Savings Account

0.25% 

0.25% 

$10.00 

*To open account and earn the annual percentage yield (APY).
These accounts are variable rate accounts. The interest rate may change after the account is opened.

 

Rates effective as of

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