the classic checking account is:
- Free! There is no minimum balance required and no monthly service fees
- Interest Bearing. Earn 0.25% APY**** on balances of $10.00 or greater
- Convenient. Free Online & Mobile Banking, including Mobile Deposit
- Green! Reduce paper clutter and help the environment by enrolling in eStatements
*Qualifying Classic Checking Accounts will have at least two direct deposits within the first 90 days (Venmo and bank to bank transfers do not apply) or will have 15 Debit Card purchases totaling $300.00 or more in the first 90 days or will have 3 recurring transfers from the Classic Checking account to a Cape Ann Savings Bank Statement Savings Account with the same tax reporting owner within the first 90 days. Additional exclusions may apply.
** Bonus is valid for Classic Checking Accounts opened in person at The Gloucester Crossing Branch, located at 4 School House Road Gloucester, MA 01930, when the “Win Cash Back Bonus” is mentioned prior to February 1, 2023. Accounts opened online do not apply. Bonus is valid for the Classic Checking Account only, for first time Cape Ann Savings Bank Checking Account customers. Bonus is not valid on business accounts. Bonus will be deposited to *Qualifying Classic Checking accounts in ***good standing on the first business day after the 90th day from account opening. Bonus will be applied one time, even if all three qualifications have been met. There is a $10.00 minimum deposit required to open the account and you must maintain a $10.00 minimum daily balance to earn the disclosed APY, there is no minimum balance requirement to earn the bonus.
***An account in good standing has not been overdrawn in the first 90 days and has a positive balance on the 90th day.
****The Classic Checking Account is a free interest-bearing account. The interest rate effective as of October15, 2022 is 0.250% with an annual percentage yield of 0.25%, there is a $10.00 minimum deposit required to open the account and you must maintain a minimum $10.00 daily balance to obtain the disclosed APY. At our discretion we may change the interest rate on your account at any time. Fees may reduce the earnings on this account. Bonus recipients will receive a 1099-int.