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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 57th largest bank in the state of Massachusetts. It is also the 1,128th largest bank in the nation. It was established in 1846 and as of September of 2019, it had grown to 74 employees at 4 locations. Cape Ann Savings Bank's money market rates are 3X the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90203
Year Established1846
Employees74
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.77%
Return on Equity - YTD7.59%
Annual Interest Income$17.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$676.5MM$625.8MM
LoansQ3 2019vs Q3 2018$424.8MM$405.5MM
DepositsQ3 2019vs Q3 2018$494.8MM$453.9MM
Equity CapitalQ3 2019vs Q3 2018$157.1MM$157.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$3.4MM$3.2MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$5.2MM$6.3MM
Real Estate OwnedQ3 2019vs Q3 2018$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
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
1.26%*$1m*-Money Market Deposit Account
OTHER TIERS: 0.25% → $10 - $500 | 0.50% → $500 - $100k | 1.00% → $100k - $1m
0.75%*$100k*-Business Money Market Deposit Account
OTHER TIERS: 0.25% → $500 - $10k | 0.50% → $10k - $100k

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
2.02%$500-5 Year CD
1.76%$500-4 Year CD
1.51%$500-1 1/2 Year CD
1.51%$500-2 Year CD
1.51%$500-2 1/2 Year CD
1.51%$500-3 Year CD
1.51%$500-9 Month CD
1.00%$500-1 Year CD
0.50%$500-6 Month CD

Cape Ann Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$500-5 Year IRA
2.02%$500-5 Year Keogh
1.76%$500-4 Years IRA
1.76%$500-4 Years Keogh
1.51%$500-1 1/2 Years IRA
1.51%$500-2 Years IRA
1.51%$500-2 1/2 Years IRA
1.51%$500-3 Years IRA
1.51%$500-9 Month IRA
1.51%$500-9 Month Keogh
1.51%$500-1 1/2 Years Keogh
1.51%$500-2 Years Keogh
1.51%$500-2 1/2 Years Keogh
1.51%$500-3 Years Keogh
1.00%$500-1 Year IRA
1.00%$500-1 Year Keogh
0.50%$500-6 Months IRA
0.50%$500-6 Months 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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