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Phone: 978-283-0246

Gloucester Massachusettes RockMoney Market Deposit Account

Cape Ann Savings Bank's Money Market Deposit Account offers competitive interest rates. The minimum balance to open a Money Market Deposit Account is just $500; with a monthly limit of six pre-authorized transfers. If your daily balance falls below $500, the interest rate reverts to that of the current NOW Account rate. An optional ATM/Debit card is available with the Safe and Sound Money Market account.

  • Limit of 6 pre-authorized transfers per month, no less than $250 each
  • If balance falls below $500, rate reverts to the current NOW Account rate
  • eStatements available FREE through Online Banking
  • ATM/Debit card is available (optional) see fee schedule
Money Market Account Rates
Product NameInterest RateAnnual Percentage Yield (APY)Minimum daily balance to open account and to earn APY
Money Market Account 0.25% 0.25% $500.00
* This account is a variable rate account. The interest rate may change after the account is opened.

Rates are applicable as of 7/23/2017.