Gloucester, Massachusetts (MA) Savings Rates - March 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Gloucester, Massachusetts and the surrounding area include Institution for SavingsInstitution for Savings4 Parker St, Gloucester, MA 01930A+5.0 ★Texas Ratio: 0.11% Gold Online Savings (plus interest paid) at 3.50% APY, Luso American Credit UnionLuso American Credit Union128 Rogers St, Gloucester, MA 01930 5005A+5.0 ★Texas Ratio: 0.82% Super Savers Account (Youth Savings) at 2.02% APY, Cape Ann Savings BankCape Ann Savings Bank109 Main St, Gloucester, MA 01930A+5.0 ★Texas Ratio: 1.84% Lighthouse Savings Account at 1.66% APY, BankGloucesterBankGloucester160 Main St, Gloucester, MA 01930B+4.7 ★Texas Ratio: 19.12% Elite Companion Savings at 1.00% APY, and Service Federal Credit UnionService Federal Credit Union199 Worcester Ct, Falmouth, MA 02540A5.0 ★Texas Ratio: 11.03% Deployed Warrior Savings at 10.00% APY.
To see how these savings rates in Gloucester, Massachusetts, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Gloucester, Massachusetts (MA) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Gloucester, Massachusetts and the surrounding area. Last Updated and Verified: March 21, 2026
Gloucester, MA Savings Rate Trends
Compare local Gloucester, MA savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Massachusetts high-yield savings rates currently average 1.551% APY based on data from institutions in our monitoring network.
Massachusetts standard savings rates currently average 0.306% APY based on data from institutions in our monitoring network.
Compare the Best Savings Rates in Gloucester, Massachusetts & Surrounding Communities
Balances $100,000 -$500,000
For members aged 5 - 18
Balances $25,000 and above
Balances $25,000 and above
Rates may change after the account is opened. Fees could reduce earnings. Elite Reward Savings requires an Elite Reward Checking Account.
Qualifying balance up to $15,000.00
$100,000
Balances $50,000 and above
Balances $50,000 and above
Balances less than $25,000
Balances less than $50,000
Balances less than $25,000
Balances less than $50,000
Rates may change after the account is opened. Fees could reduce earnings. Elite Reward Savings requires an Elite Reward Checking Account.
Rates may change after the account is opened. Fees could reduce earnings.
Qualifying balance up to $9,999.99
Qualifying balance up to $2,000.00
Qualifying balances of $250,000 or less only
Qualifying balance up to $25,000.00
Qualifying balance up to $25,000.00
SCU Direct account offers a higher dividend rate to members who save systematically with a preauthorized weekly or monthly transfer from a SCU Checking Account. Unlimited withdrawals only when made in person. Online transfer available. Premium tiered variable dividend rate and APY. $10.00 minimum preauthorized transfer amount to open from your SCU Checking Account. $10,000 maximum opening deposit. Subsequent deposits to this account may be made only by means of a preauthorized weekly or monthly transfer from your qualifying checking account. Changing your transfer amount or frequency to this account can be done at any of our branch locations or by calling the contact center at 781-784-7725 or toll free at 877-661-3300
SCU Direct account offers a higher dividend rate to members who save systematically with a preauthorized weekly or monthly transfer from a SCU Checking Account. Unlimited withdrawals only when made in person. Online transfer available. Premium tiered variable dividend rate and APY. $10.00 minimum preauthorized transfer amount to open from your SCU Checking Account. $10,000 maximum opening deposit. Subsequent deposits to this account may be made only by means of a preauthorized weekly or monthly transfer from your qualifying checking account. Changing your transfer amount or frequency to this account can be done at any of our branch locations or by calling the contact center at 781-784-7725 or toll free at 877-661-3300
High Yield Savings5
Available to consumers only. New money is welcome but not required.
Qualifying balance up to $100,000
Qualifying balance up to $100,000.00
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Gloucester, Massachusetts directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Gloucester, Massachusetts. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in MA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Gloucester, Massachusetts
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Gloucester, Massachusetts safe?
How often do savings rates change in Gloucester, Massachusetts?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Gloucester, Massachusetts?
How do I open a savings account in Gloucester, Massachusetts?
Best Savings Rates in Gloucester, Massachusetts
- Institution for Savings
Gold Online Savings (plus interest paid) — 3.50% APY - Luso American Credit Union
Super Savers Account (Youth Savings) — 2.02% APY - Cape Ann Savings Bank
Lighthouse Savings Account — 1.66% APY - BankGloucester
Elite Companion Savings — 1.00% APY - Service Federal Credit Union
Deployed Warrior Savings — 10.00% APY
