4.32% 6-Month CD at Gloucester Bank in Massachusetts
Dec 22, 2008 - 7:05 AM by Ken Tumin
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 is listed on the bank's home page, and the details are described in the bank's rate table as of 12/22/08. A reader who commented on this special noted that the bank requires a branch visit for new accounts.
Gloucester Bank also offers a reward checking account that pays 4.51% APY for balances up to $25K as of 12/22/08 (see post).
The bank has one office located in Gloucester, Massachusetts.
Gloucester Bank has been FDIC insured since 1987 (FDIC Certificate # 26536).
Thanks to Scott who mentioned this special in the Finding the Best Deals post.
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Anonymous - #1, Tuesday, December 23, 2008 - 11:30 AM
Called this bank...
As of today this CD is not available. All sold out.
Anonymous - #2, Tuesday, December 23, 2008 - 3:48 PM
When I called the bank around noon, they told me the rate was good until 4pm. I said I wanted to be sure the rate would be available all day since I had a long drive to get there. They told me to come ahead.
When I got to the bank (after a one-hour drive) they told me the CD wasn't available.
Avoid this bank--you can't trust what they tell you. This was really disgraceful service. With trqffic, it then took me 2 hours to get home.
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