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 54th largest bank in the state of Massachusetts. It is also the 1,052nd largest bank in the nation. It was established in 1846 and as of March of 2024, 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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Health
A+

Health Grade Components

Overall
FDIC Certificate #90203
Year Established1846
Employees78
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.28%
Return on Equity - YTD11.75%
Annual Interest Income$8.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$972MM$907MM
LoansQ1 2024vs Q1 2023$664.5MM$612.5MM
DepositsQ1 2024vs Q1 2023$742.1MM$696.9MM
Equity CapitalQ1 2024vs Q1 2023$189.8MM$177.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5.9MM$5.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$3.1MM$2.2MM
Real Estate OwnedQ1 2024vs Q1 2023$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
2.02%*$15k*-Lighthouse Savings
OTHER TIERS: 0.50% $0 - $15k
1.00%*$0$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%$0-Christmas Club
0.25%$10-Business Statement Savings Account

Cape Ann Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.12%*$50k*-Lighthouse Business Money Market Demand Deposit Account
OTHER TIERS: 0.25% $0 - $50k
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%*$0$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
4.85%$500-9 Month CD
4.33%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.85%$500-9 Month IRA
4.85%$500-9 Month Keogh
4.33%$500-1 Year IRA
4.33%$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 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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