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, this requires a $50K minimum (3.08% APY for a $500 minimum). These rates are listed at the bank's rates page as of 1/27/2010.
The bank also continues to have a reward checking account that currently pays 4.01% APY on balances up to $25K (see my review).
A branch visit is required to open an account. According to the CSR, they accept out of state deposits as long as the customer visits a branch in person to open the account.
The bank has one office located in Gloucester, Massachusetts.
The bank's ratings for safety and soundness are a little mixed: 4 stars (excellent) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 1986 (FDIC Certificate # 26536).