Featured Savings Rates
Featured Accounts

BankGloucester

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.51%Reward CheckingReward Checking
1.46%3-year CD36 Months CD
0.81%2-year CD24 Months CD

Overview / Commentary
978-283-8200
160 Main Street
Gloucester, MA 01930

BankGloucester is headquartered in Gloucester and is the 110th largest bank in the state of Massachusetts. It is also the 2,767th largest bank in the nation. It was established in 1887 and as of March of 2016, it had grown to 42 employees at 2 locations. BankGloucester has a B+ health rating.

Related Posts

BankGloucester (MA) Offers Very Competitive 36-Month CD - 10/12/2015

BankGloucester (MA) has raised the rate on its 36-month CD (2.17% APY). Minimum deposit is $50K, with no balance cap. Deposits of $500-$49,999.99 earn 2.02% APY.

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Reviews (2)

Local Bank Review: BankGloucester (Mass)

Posted by: 51hh | Jun 19, 2010

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 

Completely Inefficient

Posted by: Anonymous | May 12, 2012

Opening an account with this bank has been a complete hassle. I waited over a week for a debit card, then another 5 days for the PIN to arrive. Still waiting for online banking to be approved after 6 days. Paid a visit to the bank for help but got no assistance...they have my money but I can't pay any bills. How does that make sense?



Health
B+

Health Grade Components

Overall
FDIC Certificate #26536
Year Established1887
Employees42
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD5.21%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$223.4MM$199.6MM
LoansQ1 2016vs Q1 2015$186.8MM$161.9MM
DepositsQ1 2016vs Q1 2015$186.0MM$163.6MM
Equity CapitalQ1 2016vs Q1 2015$18.6MM$17.8MM
Loan Loss AllowanceQ1 2016vs Q1 2015$1.5MM$1.9MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$3.5MM$6.1MM
Real Estate OwnedQ1 2016vs Q1 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankGloucester Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Traditional IRA Statement Savings
0.25%--Passbook Savings
0.25%--Statement Savings
0.25%--Christmas Club Account

BankGloucester Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$100k*-Premier Plus Money Market
OTHER TIERS: 0.25% Up to $100k
0.25%*$10k*-Premier Money Market
OTHER TIERS: 0.10% Up to $10k
0.25%*$1k*-Personal Money Market
OTHER TIERS: 0.10% Up to $1k

BankGloucester Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*-$25kReward Checking
OTHER TIERS: 0.25% $25k+
0.25%*$2,500*-Platinum Interest Checking
OTHER TIERS: 0.10% Up to $2,500
0.05%--50 + Free Interest Checking
0.05%--Advantage Free Checking

BankGloucester CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.91%*$50k*-48 Months CD
OTHER TIERS: 1.76% $500 - $50k
1.91%*$50k*-60 Months CD
OTHER TIERS: 1.76% $500 - $50k
1.46%*$50k*-36 Months CD
OTHER TIERS: 1.31% $500 - $50k
1.17%*$50k*-30 Months CD
OTHER TIERS: 1.02% $500 - $50k
0.81%*$50k*-24 Months CD
OTHER TIERS: 0.76% $500 - $50k
0.61%*$50k*-18 Months CD
OTHER TIERS: 0.51% $500 - $50k
0.46%$500-12 Months CD
0.41%$500-9 Months CD
0.35%$2,500-6 Months CD

BankGloucester IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.91%*$50k*-48 Months IRA
OTHER TIERS: 1.76% $500 - $50k
1.46%*$50k*-36 Months IRA
OTHER TIERS: 1.31% $500 - $50k
1.17%*$50k*-30 Months IRA
OTHER TIERS: 1.02% $500 - $50k
0.81%*$50k*-24 Months IRA
OTHER TIERS: 0.76% $500 - $50k
0.61%*$50k*-18 Months IRA
OTHER TIERS: 0.51% $500 - $50k
0.46%$500-12 Months IRA
Locations


BankGloucester Locations
Bankgloucester160 Main StreetGloucester, MA 01930
Essex Branch15 Martin StreetEssex, MA 01929