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Cape Ann Savings Bank


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 53rd largest bank in the state of Massachusetts. It is also the 1,146th largest bank in the nation. It was established in 1846 and as of June of 2022, it had grown to 78 employees at 5 locations. Cape Ann Savings Bank's money market rates are 6X the national average, and it boasts an A+ health rating.

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17-Month CD Quick Look - 5/20/2022

17-month CD, 2.12% APY, $500 minimum deposit Market area is Cape Ann, MA.

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Health
A+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90203
Year Established1846
Employees78
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.81%
Return on Equity - YTD-3.93%
Annual Interest Income$11.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$843.1MM$818.6MM
LoansQ2 2022vs Q2 2021$558.9MM$504.6MM
DepositsQ2 2022vs Q2 2021$646.1MM$615.6MM
Equity CapitalQ2 2022vs Q2 2021$168.8MM$173.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$5.0MM$4.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.5MM$4.1MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Cape Ann Savings Bank; 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.

Cape Ann Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$25kKasasa 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%--Christmas Club
0.25%$10-Business Statement Savings Account

Cape Ann Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%*$250k*-Money Market Deposit Account
OTHER TIERS: 0.25% → $10 - $250k
2.52%*$250k*$50kBusiness Money Market Deposit Account
OTHER TIERS: 0.25% → $500 - $250k

Cape Ann Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$10kKasasa 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%$500-9 Month CD
3.56%$500-3 Year CD
3.30%$500-1 1/2 Year CD
3.00%$500-6 Month CD
1.00%$500-5 Year CD
0.75%$500-2 Year CD
0.75%$500-2 1/2 Year CD
0.75%$500-4 Year CD
0.50%$500-1 Year CD

Cape Ann Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%$500-9 Month IRA
3.82%$500-9 Month Keogh
3.56%$500-3 Years IRA
3.56%$500-3 Years Keogh
3.30%$500-1 1/2 Years IRA
3.30%$500-1 1/2 Years Keogh
3.00%$500-6 Months IRA
3.00%$500-6 Months Keogh
2.32%$500-22 Month IRA
2.32%$500-22 Month 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%$500-4 Years IRA
0.75%$500-2 Years Keogh
0.75%$500-2 1/2 Years Keogh
0.75%$500-4 Years Keogh
0.50%$500-1 Year IRA
0.50%$500-1 Year Keogh
Locations


Cape Ann Savings Bank Locations
Cape Ann Savings Bank109 Main StGloucester, MA 01930
Manchester Branch17 Beach StreetManchester, MA 01944
Gloucester High School BranchLeslie O. Johnson RoadGloucester, MA 01930
Granite Br247 Main StreetRockport, MA 01966
To Be Determined Branch4 School House RoadGloucester, MA 01930

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