Cape Ann Savings Bank


Overview / Commentary
978-283-0246
109 Main Street
Gloucester, MA 01930

Cape Ann Savings Bank is headquartered in Gloucester and is the 58th largest bank in the state of Massachusetts. It is also the 1,137th largest bank in the nation. It was established in 1846 and as of March of 2020, it had grown to 82 employees at 4 locations. Cape Ann Savings Bank's money market rates are 14% higher than the national average, and it has a B health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Cape Ann Savings Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #90203
Year Established1846
Employees82
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-6.08%
Return on Equity - YTD-26.64%
Annual Interest Income$5.9MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$684.3MM$658.5MM
LoansQ1 2020vs Q1 2019$432.7MM$409.6MM
DepositsQ1 2020vs Q1 2019$505.8MM$483.8MM
Equity CapitalQ1 2020vs Q1 2019$152.1MM$152.2MM
Loan Loss AllowanceQ1 2020vs Q1 2019$3.7MM$3.4MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$5.2MM$5.3MM
Real Estate OwnedQ1 2020vs Q1 2019$0$287.00K
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
0.25%$10-Passbook Savings Account
0.25%$10-IRA Savings Account
0.25%$10-Statement Savings Account
0.25%--Christmas Club
0.25%$10-Business Statement Savings Account

Cape Ann Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Money Market Deposit Account
OTHER TIERS: 0.25% $10 - $100k
0.25%$500-Business Money Market Deposit Account

Cape Ann Savings Bank Checking Account Rates

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

Cape Ann Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-5 Year IRA
0.75%$500-5 Year Keogh
0.50%$500-6 Months IRA
0.50%$500-1 Year IRA
0.50%$500-1 1/2 Years IRA
0.50%$500-2 Years IRA
0.50%$500-2 1/2 Years IRA
0.50%$500-3 Years IRA
0.50%$500-4 Years IRA
0.50%$500-9 Month IRA
0.50%$500-6 Months Keogh
0.50%$500-9 Month Keogh
0.50%$500-1 Year Keogh
0.50%$500-1 1/2 Years Keogh
0.50%$500-2 Years Keogh
0.50%$500-2 1/2 Years Keogh
0.50%$500-3 Years Keogh
0.50%$500-4 Years Keogh
Locations


Cape Ann Savings Bank Locations
Cape Ann Savings Bank109 Main StreetGloucester, MA 01930
Manchester Branch17 Beach StreetManchester, MA 01944
Gloucester High School BranchLeslie O. Johnson RoadGloucester, MA 01930
Granite Br247 Main StreetRockport, MA 01966

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