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 105th largest bank in the state of Massachusetts. It is also the 2,639th largest bank in the nation. It was established in 1887 and as of June of 2017, it had grown to 44 employees at 2 locations. BankGloucester has a B+ health rating.

Related Posts

30-Month CD, 2.12% APY - 8/3/2017

BankGloucester (Cape Ann area, MA) has a 30-month CD earning 2.12% APY. Requires a $500 minimum deposit.

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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
Employees44
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD6.07%
Annual Interest Income$4.9MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$237.4MM$227.6MM
LoansQ2 2017vs Q2 2016$197.4MM$185.2MM
DepositsQ2 2017vs Q2 2016$203.9MM$193.0MM
Equity CapitalQ2 2017vs Q2 2016$19.9MM$18.9MM
Loan Loss AllowanceQ2 2017vs Q2 2016$1.6MM$1.4MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$2.3MM$2.6MM
Real Estate OwnedQ2 2017vs Q2 2016$0$178.00K
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%--Interest Checking

BankGloucester CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%$500-30 Months CD
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
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
2.12%$500-30 Months IRA
1.91%*$50k*-48 Months IRA
OTHER TIERS: 1.76% $500 - $50k
1.46%*$50k*-36 Months IRA
OTHER TIERS: 1.31% $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