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Cape Ann Savings Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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 50th largest bank in the state of Massachusetts. It is also the 1,017th largest bank in the nation. It was established in 1846 and as of December of 2024, it had grown to 81 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+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90203
Year Established1846
Employees81
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD3.5%
Annual Interest Income$37.9MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$992.4MM$954.3MM
LoansQ4 2024vs Q4 2023$685.1MM$659.8MM
DepositsQ4 2024vs Q4 2023$754.8MM$728.4MM
Equity CapitalQ4 2024vs Q4 2023$192.5MM$184.1MM
Loan Loss AllowanceQ4 2024vs Q4 2023$6.1MM$5.9MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$3.3MM$3.4MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.66%*$15k*-Lighthouse Savings
OTHER TIERS: 0.50% → $0 - $15k
1.00%*$0$25kKasasa Saver
OTHER TIERS: 0.15% → $25k+
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
3.30%*$1.5m*-Lighthouse Business Money Market Account
OTHER TIERS: 0.25% → $0 - $50k | 2.78% → $50k - $500k | 3.04% → $500k - $1.5m
2.53%*$1m*-Lighthouse Personal Money Market Account
OTHER TIERS: 1.26% → $15k - $100k | 1.76% → $100k - $250k | 2.38% → $250k - $1m
2.02%*$250k*-Money Market Deposit Account
OTHER TIERS: 0.25% → $10 - $250k
2.02%*$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
0.25%$10-Classic Checking Account

Cape Ann Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.33%$500-13 Month CD Special
4.07%$500-6 Month CD
3.55%$500-1 Year CD
3.55%$500-9 Month 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

Cape Ann Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.33%$500-13 Month IRA Special
4.07%$500-6 Months IRA
4.07%$500-6 Months Keogh
3.55%$500-1 Year IRA
3.55%$500-9 Month IRA
3.55%$500-9 Month Keogh
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
0.50%$10-IRA Savings Account
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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