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Phone: 978-283-0246
  888-283-2272

ROTH IRA

Gloucester Massachusettes Lighthouse

It is never too early to plan for retirement! Tax-deferred retirement accounts offer some of the best opportunities for building financial security for you and your family.

A Roth individual Retirement Account is an after-tax investment vehicle for retirement focused investing. Withdrawals from Roth IRAs are not taxed. Funds held in a Roth IRA can be invested in numerous different types of securities and funds.

Need professional help with your retirement planning? If you would like to talk to a retirement specialist at Cape Ann Savings Bank then please Contact Us. We would be happy to answer your questions.

Note: Any fee(s) assessed could reduce earnings on such an account.

Retirement Account Rates
Product NameInterest RateAnnual Percentage Yield (APY)Minimum balance to open account and to earn APY
6 Months 0.50% 0.50% $500.00
1 Year 0.60% 0.60% $500.00
1 1/2 Years 0.75% 0.75% $500.00
2 Years 1.50% 1.51% $500.00
2 1/2 Years 1.00% 1.00% $500.00
3 Years 1.25% 1.26% $500.00
4 Years 1.75% 1.76% $500.00
5 Years 1.75% 1.76% $500.00
Savings Account 0.25% 0.25% $10.00
* A penalty may be assessed for early withdrawals.
** A 1/4% more interest for CDs of $50,000 or more with terms from 1 to 5 years.

Rates are applicable as of 10/22/2017.

Notice to All Online Banking Customers

Our customers' security is of the upmost importance to us.


In order to enhance security, we will be discontinuing service to unsupported web browsers with outdated security settings. The banking application will include a security update which will require that our customers are using a secure browser that enables Transport Layer Security (TLS version 1.2).


To ensure we can continue to serve you securely in the future, please check your browser to be sure it complies with one of the compatible browsers listed in the table to the right.

 

Browser / Operating System Compatibility

 microsoft edge

Microsoft Edge  Compatible
 microsoft internet explorer Microsoft IE Desktop and mobile version 11  Compatible
 microsoft internet explorer Microsoft IE Desktop versions 9 and 10 *  Not Compatible
 mozilla firefox Mozilla Firefox 27 and higher  Compatible
 google chrome Google Chrome 38 or higher  Compatible
 apple safari Mobile Safari versions 5 and higher  Compatible
 microsoft windows 7 Microsoft Windows 7,8.0,8.1,10  Compatible
microsoft windows 8 Microsoft Windows 8, 8.1 Compatible
microsoft windows 10 Microsoft Windows 10 Compatible
 microsoft windows xp Microsoft XP/Vista and below  Not Compatible

 *can be enabled on windows 7 or newer

If you have any questions about these changes, please contact our customer service department at 978-283-0246 and we will be happy to assist you.