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Phone: 978-283-0246

Gloucester Massachusettes SailboatStatement Savings Account

A deposit of only $10 is required to open a Statement Savings Account. You need only to maintain a minimum daily balance of $10 to earn interest on the account. You may make up to six transfers from this account per month. You may also use this account for a sweep account to cover your checking account balance. You will receive a monthly statement by mail or electronically if desired.

  • No monthly fees
  • No withdrawal or deposit fees
  • Direct deposit available
  • eStatements available through Online Banking
Statement Savings Account Rates
Product NameInterest RateAnnual Percentage Yield (APY)Minimum daily balance to open account and to earn APY
Statement Savings Account 0.25% 0.25% $10.00
This account is a variable rate account. The interest rate may change after the account is opened. You are limited to six third parties, automatic, telephone or computer transfers, per month.

Savings Estimator


Rates are applicable as of 7/23/2017.