Cape Ann Savings Bank Bonuses: $100 Checking Promotion (MA)

Find the latest Cape Ann Savings Bank bonuses, promotions, and offers here.

Update 3/31/25: There’s currently a $100 checking bonus available for a limited time.

Cape Ann Savings Bank Bonuses Review

Cape Ann Savings Bank is headquartered in Gloucester and is the 53rd largest bank in the state of Massachusetts. It is also the 1,146th largest bank in the nation. It was established in 1846 and as of June of 2022, it had grown to 78 employees at 5 locations. Cape Ann Savings Bank has an A+ health rating.

I’ll go over the Cape Ann Savings Bank bonuses & offers below.

Cape Ann Savings Bank $100 Checking Bonus

Earn a $100 bonus when you open qualifying checking account and meeting certain requirements.

• What you’ll get: $100 Bonus
• Eligible account: Checking
• Availability: MA (Locator)
• Credit Inquiry: Hard Pull or Soft Pull? Let us know.
• Direct Deposit Required: No
• Monthly Fees: $0
• How to earn it:
  • Open a Cape Ann Savings Bank Classic Checking account and earn a $100.00 Greater Cape Ann Chamber of Commerce Gift Check to spend at local businesses when you complete the following within 90 days while keeping your account in good standing:
    • Receive 2 Direct Deposits (Venmo and Bank-to-Bank transfers not eligible), OR
    • Make 15 Debit Card Transactions totaling $300.00 or more, OR
    • Complete 5 Bill Payments through Cape Ann Savings Bank Online Banking

(Limited time offer)

Fine Print

• Available to new checking account customers only.
• Limited-time offer for accounts opened by June 30, 2025
• Mention “Time For A Change” when opening your account in person.
• Qualifying Classic Checking Accounts will have at least two direct deposits within the first 90 days (Venmo and bank to bank transfers do not apply) or will have 15 Debit Card purchases posted to the account totaling $300.00 or more in the first 90 days or will have 5 Bill Payments processed though Cape Ann Savings Bank Online Banking Bill Payment.
• Promotion is valid for Classic Checking Accounts only for first time Cape Ann Savings Bank Checking Account customers when “Time for a Change” is mentioned between 1/1/2025 and 6/30/2025. Promotion is not valid on business accounts. Promotion will be available to be picked up or mailed on the first business day after the 90th day from account opening if your account qualifies and is in good standing. The Promotion is one $100.00 gift check even if all three qualifications have been met. There is a $10.00 minimum deposit required to open the account and you must maintain a $10.00 minimum daily balance to earn the disclosed APY. There is no minimum balance requirement to earn the promotional gift check. The customer is deemed as a new personal checking account customer if they do not have any of the following products: Classic Checking, Kasasa Cash, Kasasa Cash Back, Kasasa Cash Back with Saver, Kasasa Cash with Saver, Kasasa Saver with Cash, Kasasa Saver with Cash Back, or NOW Account.
• An account in good standing has not been overdrawn in the first 90 days and has a positive balance on the 90th day.
• The Classic Checking Account is a free interest-bearing account. The interest rate effective as of 1/1/2025 is 0.25% with an annual percentage yield of 0.25%. There is a $10.00 minimum deposit required to open the account, and you must maintain a minimum $10.00 daily balance to obtain the disclosed APY. At our discretion we may change the interest rate on your account at any time. Fees may reduce the earnings on this account. Promotion recipients will receive a 1099-int.

Cape Ann Savings Bank $400 Business Checking Bonus (Expired)

Earn a $400 bonus when you open qualifying business checking account and meeting certain requirements.

• What you’ll get: $400 Bonus
• Eligible account: Business Checking
• Availability: MA (Locator)
• Credit Inquiry: Hard Pull or Soft Pull? Let us know.
• Direct Deposit Required: No
• Monthly Fees: $0
• How to earn it:
  • Open your first time Business or Corporate Checking Account at the Gloucester Crossing Branch, 4 School House Road, Gloucester
  • Earn a “one time” $200.00 Cash Back Bonus when you do one of the following in 90 days!
    • Have 2 Mobile Deposits OR
    • 15 Debit Card purchases, totaling $300.00 or more OR
    • 3 recurring transfers from your new Business or Corporate Checking to a Business Statement Savings
  • Plus merchants can be eligible to earn an additional $200.00 Cash Back Bonus for signing up with our dedicated merchant services partner.

(Expires 10/01/2023)

Fine Print

• Qualifying Business Checking Accounts (Sole Proprietor/Non-Profit Organization NOW Account or Corporate Checking Account) will have at least two Mobile deposits within the first 90 days, or will have 15 Debit card purchases, totaling $300.00 or more in the first 90 days, or will have 3 recurring transfers from your new Business Checking Account (Sole Proprietor/Non-Profit Organization NOW Account or Corporate Checking Account) to a Cape Ann Savings Bank Business Statement Savings Account with the same tax reporting owner within the first 90 days.
• Additional exclusions may apply.
• **Bonus is valid for new Business Checking Accounts (Sole Proprietor/Non-Profit Organization NOW Account or Corporate Checking Account) opened in person at The Gloucester Crossing Branch.
• Located at 4 School House Road Gloucester, MA 01930, when the “Win Cash Back Bonus” is mentioned prior to October 1, 2023.
• Bonus is valid for Business Checking Accounts (Sole Proprietor/Non-Profit Organization NOW Account or Corporate Checking Account) only, for first time Cape Ann Savings Bank Business Checking Account customers.
• Bonus will be deposited to Qualifying Business Checking Accounts (Sole Proprietor/Non-Profit Organization NOW Account or Corporate Checking Account) in good standing***on the first business day after the 90th day from account opening. Bonus will be applied one time, even if all three qualifications have been met.
• There is a $10.00 minimum deposit required to open the account and you must Maintain at least a $10.00 minimum daily balance to earn the disclosed APY on the Business Sole Proprietor/Non-Profit Organization NOW Account, there is no minimum balance requirement to earn the bonus.
• The Business Corporate Checking Account is a non-interest-bearing account.
• ***An account in good standing has not been overdrawn in the first 90 days and has a positive balance on the 90th day.
• The Business Sole Proprietor/Non-Profit Organization NOW Account is a free interest-bearing account.
• The interest rate effective January 23, 2023 is 0.25% with an annual percentage yield of 0.25%, there is a $10.00 minimum deposit required to open the account and you must maintain a minimum $10.00 daily balance to obtain the disclosed APY.
• At our discretion we may change the interest rate on you at any time.
• Fees may reduce the earning on this account.
• The Business Corporate Checking Account is a free non-interest-bearing account.
• Bonus recipients will receive a 1099-int (Business Sole Proprietor/Non-Profit Organizations NOW Account) or a 1099 Miscellaneous (Business Corporate Checking Account)
• ****The Merchant Services Cash Back Bonus is valid to both new and existing Cape Ann Savings Bank Business customers who sign up for Merchant Services with TRI, our dedicated merchant services partner between February 1, 2023 and October 1, 2023, and have merchant activity on their Business Checking account within the first 90 days signing.
• Bonus will be deposited to the Qualifying Business Checking Account in good standing***on the first business day after the 90th day from TRI agreement signing.
• Bonus will be applied one time.

How To Waive Monthly Fee

• Free Kasasa Cash: No monthly fees
• Free Kasasa Cash Back: No monthly fees
• Free NOW Checking: No monthly fees
• Classic Checking: No monthly fees
• Business Checking: No monthly fees

Conclusion

If you live near a Cape Ann Savings Bank location, you have the opportunity to earn a generous bonuses. To earn these bonuses, simply open the eligible accounts and follow the procedures and the bonuses should be in your hands!

Although these bank promotions are rather generous, you can also utilize our list of Savings, Money Market, and CD rates.

• Best Savings/Money Market rates
• Best CD Account rates

If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.

Check back often for more Cape Ann Savings Bank Bonuses, Promotions, or Offers!