bank rates

A 2-Year CD That Pays 2.02%? Indeed.

$100 bills fanned outCape Ann Savings Bank has special 24-month CD rates for savers in Massachusetts’ Cape Ann area, northeast of Boston.

It pays 2.02% APY with a $500 minimum deposit. Increase your minimum deposit to $50,000, and you can add a quarter of a percentage point to that. Wow.

The 2.02% yield is more than three-quarters of a percentage point higher than the top nationally available 24-month CD rate on our CD Rates Leaderboard.

You have to be a Massachusetts resident and live in the area Cape Ann Savings Bank serves – Gloucester, Manchester-by-the-Sea, Rockport, Essex and the surrounding communities – to buy these special certificates of deposit.

You also have to visit a branch in person. There are two, on Rogers Street in Gloucester and on Beach Street in Manchester-by-the-Sea.

Learn more about Cape Ann Savings Bank at www.capeannsavingsbank.com or 978-283-0246.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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