Dedicated to Deposits: Deals, Data, and Discussion

4.32% 6-Month CD at Gloucester Bank in Massachusetts


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 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.

  Tags: Massachusetts, BankGloucester, CD rates

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Comment #1 by Anonymous posted on
Called this bank...

As of today this CD is not available. All sold out.

Comment #2 by Anonymous posted on
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.