Overview / Commentary
160 Main Street
Gloucester, MA 01930

BankGloucester is headquartered in Gloucester and is the 102nd largest bank in the state of Massachusetts. It is also the 2,401st largest bank in the nation. It was established in 1887 and as of September of 2018, it had grown to 50 employees at 2 locations. BankGloucester's CD rates are 24% higher than the national average, and it has a B+ health rating.

Related Posts

24-Month CD, 3.08% APY - 11/30/2018

24-month CD, 3.08% APY, $500 minimum deposit Two branch locations in Massachusetts' Cape Ann area.

48-Month CD, 2.42% APY ($500), 2.52% APY ($50,000) - 12/21/2017

BankGloucester's 48-month CD earns 2.42% APY ($500 min) and 2.52% APY ($50,000 min). https://www.bankgloucester.com/personal_banking/cds Branches in Gloucester and Essex, Massachusetts.

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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.


Easiness to open accounts

Free checks

Small debit transactions are ok (ten is the requirement)

Famous site for the Movie "Perfect Storm":-)


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 Grade Components

FDIC Certificate #26536
Year Established1887
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD7.08%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$264.8MM$242.6MM
LoansQ3 2018vs Q3 2017$225.9MM$203.8MM
DepositsQ3 2018vs Q3 2017$222.8MM$205.8MM
Equity CapitalQ3 2018vs Q3 2017$21.5MM$20.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.6MM$1.6MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.2MM$2.1MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

24-Month CD, 3.08% APY

Carpline   |  
24-month CD, 3.08% APY, $500 minimum deposit

Two branch locations in Massachusetts' Cape Ann area.

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Always verify rates and promotions with the bank or credit union. We are not BankGloucester; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankGloucester Savings Account Rates

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

BankGloucester Money Market Rates

1.50%*$1m*-Premier Plus Money Market
OTHER TIERS: 0.35% Up to $10k | 0.50% $10k - $250k | 0.75% $250k - $500k | 1.00% $500k - $1m
0.50%*$50k*-Premier Money Market
OTHER TIERS: 0.25% Up to $10k | 0.35% $10k - $50k
0.25%*$1k*-Personal Money Market
OTHER TIERS: 0.10% Up to $1k

BankGloucester Checking Account Rates

1.51%*-$25kReward Checking
OTHER TIERS: 0.25% $25k+
0.25%*$2.5k*-Platinum Interest Checking
OTHER TIERS: 0.10% Up to $2.5k
0.05%--Interest Checking

BankGloucester CD Rates

3.08%$50k-24 Month CD
3.08%*$50k*-60 Month CD
OTHER TIERS: 2.82% $500 - $50k
3.08%$500$50k24 Month CD Special
2.52%*$50k*-48 Month CD
OTHER TIERS: 2.42% $500 - $50k
2.04%*$50k*-18 Month CD
OTHER TIERS: 1.79% $500 - $50k
1.46%*$50k*-36 Month CD
OTHER TIERS: 1.31% $500 - $50k
1.12%*$50k*-12 Month CD
OTHER TIERS: 1.02% $500 - $50k
1.10%*$50k*-30 Month CD
OTHER TIERS: 1.00% $500 - $50k
0.76%$500-9 Month CD
0.50%$2.5k-6 Month CD

BankGloucester IRA Rates

3.08%$50k-24 Month IRA
3.08%$500$50k24 Month IRA Special
2.52%*$50k*-48 Month IRA
OTHER TIERS: 2.42% $500 - $50k
1.46%*$50k*-36 Month IRA
OTHER TIERS: 1.31% $500 - $50k
1.40%$500-18 Month IRA
1.10%*$50k*-30 Month IRA
OTHER TIERS: 1.00% $500 - $50k
0.46%$500-12 Month IRA

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

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