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Deposit Rates

At Cape Ann Savings Bank, we offer competitive rates and personal service. Check out our deposit rates below or visit one of our office locations during business hours in Gloucester, Manchester-by-the-Sea, or Rockport.

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

Find the Right Account for You

  • Competitive Rates
  • Variety of Deposit Options

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

Checking Account Rates

Product Name

Interest Rate

Annual Percentage Yield (APY)

Minimum daily balance to open account and to earn APY

NOW Account

0.25%

0.25%

$10.00

Business Sole Proprietor / Non-Profit Organization NOW Account

 0.25%

0.25% 

$10.00 

*This account is a variable rate account. The interest rate may change after the account is opened.

Money Market Deposit Account Rates

Product Name

Interest Rate

Annual Percentage Yield (APY)

Minimum daily balance to open account and to earn APY

Money Market Deposit Account

0.50%

0.50%

$500.00

*This account is a variable rate account. The interest rate may change after the account is opened.

Business Money Market Deposit Account Rates

Product Name

Interest Rate

Annual Percentage Yield (APY)

Minimum Balance: $500.00 - $10,000.00

0.25%

0.25%

Minimum Balance: $10,000.01 - $50,000.00

0.25%

0.25%

Minimum Balance: $50,000.01 - $100,000.00

0.50%

0.50%

Minimum Balance: $100,000.00 - And Above

0.50%

0.50%

*Minimum of $500.00 to open.
This account is a variable rate account. The interest rate may change, at our discretion, without notice.
Transaction limitations - transfers from business money market to another account or to third parties by pre-authorized or automatic transfer are limited to six per monthly statement cycle with no more than three by check to third party, point-of-sale (POS) transaction, or similar order to third parties.
Interest will not be paid during any statement cycle where the account balance has fallen below $500.00.

 

Savings Account Rates

Product Name

Interest Rate

Annual Percentage Yield (APY)

Minimum daily balance to open account and to earn APY

Statement Savings Account

0.25%

0.25%

$10.00

Passbook Savings Account

0.25%

0.25%

$10.00

Christmas Club Account

0.25%

0.25%

$0.00

Business Statement Savings Account

0.25% 

0.25% 

$10.00 

*These accounts are variable rate accounts. The interest rate may change after the account is opened.

Certificate of Deposit Account Rates

Earn a 0.25% more on the interest rate for CDs of $50,000 or more with terms from 1 - 5 years!

Product Name

Interest Rate

Annual Percentage Yield (APY)

Minimum daily balance to open account and to earn APY

6 Months

0.50%

0.50%

$500.00

1 Year

0.60%

0.60%

$500.00

13 Months

2.00%

2.02%

$500.00

1 ½ Years

1.50%

1.51%

$500.00

2 Years

1.50%

1.51%

$500.00

2 ½ Years

1.50%

1.51%

$500.00

3 Years

1.75%

1.76%

$500.00

4 Years

2.25%

2.27%

$500.00

5 Years

2.25%

2.27%

$500.00

*A penalty may be assessed for early withdrawals. 

 

Individual Retirement Account (IRA) Rates

Earn a 0.25% more on the interest rate for CDs of $50,000 or more with terms from 1 - 5 years!

Product Name

Interest Rate

Annual Percentage Yield (APY)

Minimum daily balance to open account and to earn APY

6 Months

0.50%

0.50%

$500.00

1 Year

0.60%

0.60%

$500.00

13 Months

2.00%

2.02%

$500.00

1 ½ Years

1.50%

1.51%

$500.00

2 Years

1.50%

1.51%

$500.00

2 ½ Years

1.50%

1.51%

$500.00

3 Years

1.75%

1.76%

$500.00

4 Years

2.25%

2.27%

$500.00

5 Years

2.25%

2.27%

$500.00

Savings Account

0.25%

0.25%

$10.00

*A penalty may be assessed for early withdrawals. 

Rates effective as of

Calculators

 

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