2. Cape Ann Savings Bank

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 58th largest bank in the state of Massachusetts. It is also the 1,173rd largest bank in the nation. It was established in 1846 and as of December of 2018, it had grown to 73 employees at 4 locations. Cape Ann Savings Bank's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q4 2018

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Health Grade Components

Overall
FDIC Certificate #90203
Year Established1846
Employees73
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD5.03%
Annual Interest Income$20.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$631.0MM$615.5MM
LoansQ4 2018vs Q4 2017$409.5MM$373.6MM
DepositsQ4 2018vs Q4 2017$461.2MM$446.5MM
Equity CapitalQ4 2018vs Q4 2017$153.8MM$145.8MM
Loan Loss AllowanceQ4 2018vs Q4 2017$3.4MM$3.0MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$4.9MM$7.4MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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
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
0.75%*$100k*-Business Money Market Deposit Account
OTHER TIERS: 0.25% → $500 - $10k | 0.50% → $10k - $100k
0.50%$500-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
2.78%$500-5 Year CD
2.53%$500-1 1/2 Year CD
2.27%$500-3 Year CD
2.27%$500-4 Year CD
2.27%$50k-13 Month Jumbo CD Special
2.02%$500-13 Month CD Special
1.51%$500-2 Year CD
1.51%$500-2 1/2 Year CD
0.60%$500-1 Year CD
0.50%$500-6 Month CD

Cape Ann Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$500-5 Year IRA
2.53%$500-1 1/2 Years IRA
2.27%$500-3 Years IRA
2.27%$500-4 Years IRA
2.02%$500-13 Month IRA Special
1.51%$500-2 Years IRA
1.51%$500-2 1/2 Years IRA
0.60%$500-1 Year IRA
0.50%$500-6 Months IRA
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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