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160 Main Street Gloucester, MA 01930 978-283-8200 www.bankgloucester.com ![]() |
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Bank Gloucester is headquartered in Gloucester and is the 117st largest bank in the state of Massachusetts. It is also the 3,200th largest bank in the nation. It was established in 1887 and as of December of 2012, it had grown to 33 employees at 1 location. Bank Gloucester has a 3-star health rating.
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from 4.01% to 3.01%.
BankGloucester is offering two competitive CD rates. The most competitive is the 18-month CD which has a 2.30% APY. Minimum deposit is $500. The 5-year CD is also not bad with a 3.34% APY. However, t ...
Update 10/24/09: The top rate is scheduled to fall to 4.01% APY after 10/24/09. Refer to the bottom of the post for the rate history.Bank Gloucester is offering a reward checking account that pays 4.01% APY on balances up to $25,000 (1.01% for above) and...
Update 12/24/08: It has been reported that this CD special has ended.Bank Gloucester is offering a grand opening special 6-month CD with an APY of 4.32%. Minimum deposit is $50,000. An APY of 4.06% is available with a $2,500 minimum deposit. The special...
See Rates for: Checking | Savings | Money Market | CD | IRA
Bank Gloucester Checking Account Rates
Bank Gloucester Savings Account Rates
Bank Gloucester Money Market Rates
Bank Gloucester CD Rates
Bank Gloucester IRA Rates
| Apy | Min | Max | Product | |
| 1.38% | $50k | - | 48 Month IRA | |
| 1.38% | $50k | - | 48 Month Roth IRA | |
| 1.22% | $50k | - | 36 Month IRA | |
| 1.22% | $50k | - | 36 Month Roth IRA | |
| 1.02% | $50k | - | 30 Month IRA | |
| 1.02% | $50k | - | 30 Month Roth IRA | |
| 0.81% | $50k | - | 24 Month IRA | |
| 0.81% | $50k | - | 24 Month Roth IRA | |
| 0.61% | $50k | - | 18 Month IRA | |
| 0.61% | $50k | - | 18 Month Roth IRA | |
| 0.46% | $500 | - | 12 Month IRA | |
| 0.46% | $500 | - | 12 Month Roth IRA |
Data for Q4 2012
Institution Statistics
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Institution Health
Overall Score:
3 out of 5
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Average User Rating:






Local Bank Review: BankGloucester (Mass)
We had to travel 1.5 hours in Mass to reach their main branch in Gloucester. At that time the RCA rate was 4.51%. They changed rate to 4.01% ($25K) one month after we opened three accounts (limit to three accounts per household). It is a small bank with personal customer service. Even though they have a small asset size ($171M), they are not picky at all about their debit card transactions (not like some banks). One of our favorite is that they give out a free set of (150) checks. We decided to keep our three accounts open due to their excellent customer service and free checks. Who knows, they may be the first to increase their rate one of these days.
Pros:
Easiness to open accounts
Free checks
Small debit transactions are ok (ten is the requirement)
Famous site for the Movie "Perfect Storm":-)
Cons:
Branch visit necessary
Local to Mass
There are only three CSRs, thus sometimes it will take longer to get service