Cape Ann Savings Bank

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CURRENT TOP RATE

Lighthouse Business Money Market Account

Overview / Commentary

www.capeannsavings.bank

978-283-0246

109 Main Street
Gloucester, MA 01930

Cape Ann Savings Bank is headquartered in GLOUCESTER and is the 53^rd largest bank in the state of Massachusetts. It is also the 1,052^nd largest bank in the nation. It was established in 1846 and as of June of 2024, it had grown to 84 employees at 5 locations. Cape Ann Savings Bank's money market rates are 7X the national average, and it boasts an A+ health rating.

Related Posts

View all posts from:

2022
2015

5/20 - 17-Month CD Quick Look

10/23 - Cape Ann Savings Bank (MA) Raises Rates On Three CDs
3/9 - Cape Ann Savings Bank (MA) Has Top Rate 2.5 Year CD

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Health

A+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	90203
Year Established	1846
Employees	84
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.74%
Return on Equity - YTD	3.83%
Annual Interest Income	$18.2MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$971.8MM$911.3MM
Loans	Q2 2024vs Q2 2023	$676.2MM$624.9MM
Deposits	Q2 2024vs Q2 2023	$743.2MM$703MM
Equity Capital	Q2 2024vs Q2 2023	$188.1MM$178.3MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$6MM$5.4MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$3MM$2.1MM
Real Estate Owned	Q2 2024vs Q2 2023	$0$0

Rates

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Money Market
Checking
CD
IRA

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

Cape Ann Savings Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.02%^*	$15k^*	-	Lighthouse Savings
OTHER TIERS: 0.50% → $0 - $15k
1.00%^*	$0	$25k	Kasasa Saver
OTHER TIERS: 0.15% → $25k+
0.50%	$10	-	IRA Savings Account
0.50%	$10	-	Statement Savings Account
0.25%	$10	-	Passbook Savings Account
0.25%	$0	-	Christmas Club
0.25%	$10	-	Business Statement Savings Account

Cape Ann Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.59%^*	$1.5m^*	-	Lighthouse Business Money Market Account
OTHER TIERS: 0.25% → $0 - $50k \| 4.07% → $50k - $500k \| 4.33% → $500k - $1.5m
3.29%^*	$250k^*	-	Lighthouse Personal Money Market Account
OTHER TIERS: 2.53% → $15k - $100k \| 2.79% → $100k - $250k
2.53%^*	$250k^*	-	Money Market Deposit Account
OTHER TIERS: 0.25% → $10 - $250k
2.52%^*	$250k^*	$50k	Business Money Market Deposit Account
OTHER TIERS: 0.25% → $500 - $250k

Cape Ann Savings Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%^*	$0	$10k	Kasasa Cash Checking
OTHER TIERS: 0.15% → $10k+
0.25%	$10	-	Free NOW Checking Account
0.25%	$10	-	Business Sole Proprietor / Non-Profit Organization NOW Account

Cape Ann Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.07%	$500	-	9 Month CD
3.55%	$500	-	1 Year CD
3.30%	$500	-	1 1/2 Year CD
1.00%	$500	-	5 Year CD
0.75%	$500	-	2 Year CD
0.75%	$500	-	2 1/2 Year CD
0.75%	$500	-	3 Year CD
0.75%	$500	-	4 Year CD
0.35%	$500	-	6 Month CD

Cape Ann Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.07%	$500	-	9 Month IRA
4.07%	$500	-	9 Month Keogh
3.55%	$500	-	1 Year IRA
3.55%	$500	-	1 Year Keogh
3.30%	$500	-	1 1/2 Years IRA
3.30%	$500	-	1 1/2 Years Keogh
1.00%	$500	-	5 Year IRA
1.00%	$500	-	5 Year Keogh
0.75%	$500	-	2 Years IRA
0.75%	$500	-	2 1/2 Years IRA
0.75%	$500	-	3 Years IRA
0.75%	$500	-	4 Years IRA
0.75%	$500	-	2 Years Keogh
0.75%	$500	-	2 1/2 Years Keogh
0.75%	$500	-	3 Years Keogh
0.75%	$500	-	4 Years Keogh
0.35%	$500	-	6 Months IRA
0.35%	$500	-	6 Months Keogh

Locations

Cape Ann Savings Bank Locations
Cape Ann Savings Bank	109 Main St	Gloucester, MA 01930
Manchester Branch	17 Beach Street	Manchester, MA 01944
Gloucester High School Branch	Leslie O. Johnson Road	Gloucester, MA 01930
Granite Br	247 Main Street	Rockport, MA 01966
To Be Determined Branch	4 School House Road	Gloucester, MA 01930

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