Personal Savings Accounts
The Admiral savings account is our best savings account that pays a competitive interest rate. There is no monthly service fee and you can make up to 6 withdrawals per month without charge.
Premier Money Market Savings
This is a savings account that pays a tiered rate of interest based on the deposit balance. There is a $2,500 minimum opening balance and the monthly service fee is waived if you maintain a minimum daily balance of $2,500.
Certificates of deposit are special savings accounts that normally offer a higher rate of interest than a regular savings account. These term savings accounts provide you with a guaranteed rate of interest for a specific period of time. They are available in varying maturities and require a minimum opening deposit of $1,000. Early withdrawal penalties may apply.
CDARS® is the most convenient way to access full FDIC insurance on CD investments of up to $50 million. CDARS® is the perfect solution for many types of depositors because you bank directly with us, sign one agreement and earn one interest rate. You receive one regular monthly statement and just one 1099 for tax purposes. This saves you from entering into multiple rate negotiations, tracking maturing CDs from numerous banks, organizing various interest disbursements, and monitoring changing collateral values.
Through a sophisticated computer network, customer deposits are placed with other FDIC-insured banks, allowing customers to manage all their funds through one portfolio at Bank of Cape Cod. This occurs in increments of less than the standard FDIC insurance maximum so that both principal and interest are eligible for complete FDIC protection. As a result, you can access FDIC coverage from many banks while working with just us. We do the legwork for you and there’s no fee to use the service.