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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%

  0%

Equal to or greater than $0 but less than $10.00

 

 0.25%

 0.25%

 Equal to or greater than $10.00 but less than $500.00

 

 0.50%

 0.50%

 Equal to or greater than $500.00 but less than $100,000.00

 

 0.50%

0.50% 

Equal to or greater than $100,000.00 but less than $1,000,000.00 

 

 0.50%

 0.50%

 Equal to or greater than $1,000,000.00

Minimum of $500.00 deposit to open.
Fees may lower APY.
The interest rates are variable and may change, at our discretion, without notice.
Transaction limitations - No more than six (6) transfers from your account every statement cycle to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or other electronic means or instruction or by check, draft or similar order made by you and payable to third parties. The minimum amount you may write a check for is $250.00. Deposits must total a minimum of $100.00.

Business Money Market Deposit Account Rates

Product Name

Interest Rate

Annual Percentage Yield (APY)

Minimum Daily Balance to Open Account and to Earn APY  

Business Money Market Account

0.25%

0.25%

Equal to 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

 

0.50%

0.50%

 Equal to or greater than $50,000.00 but less than $100,000.00

 

0.50%

0.50%

 Equal to or greater than $100,000.00

Minimum of $500.00 to open.
This interest rates are variable and rates may change, at our discretion, without notice.
Transaction limitations - No more than six (6) transfers from your account every statement cycle to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or other electronic means or instruction or by check, draft or similar order made by you and payable to third parties. The minimum amount you may write a check for is $250.00. Deposits must total a minimum of $100.00.
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

 

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

 9 Months

0.75%

0.75% 

$500.00 

1 Year

0.75%

0.75%

$500.00

1 ½ Years

0.75%

0.75%

$500.00

2 Years

1.00%

1.00%

$500.00

2 ½ Years

1.00%

1.00%

$500.00

3 Years

1.00%

1.00%

$500.00

4 Years

1.00%

1.00%

$500.00

5 Years

1.25%

1.26%

$500.00

*A penalty may be assessed for early withdrawals. 

 

Individual Retirement Account (IRA) Rates

 

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

9 Months 

0.75%

0.75% 

 $500.00

1 Year

0.75%

0.75%

$500.00

1 ½ Years

0.75%

0.75%

$500.00

2 Years

1.00%

1.00%

$500.00

2 ½ Years

1.00%

1.00%

$500.00

3 Years

1.00%

1.00%

$500.00

4 Years

1.00%

1.00%

$500.00

5 Years

1.25%

1.26%

$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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