Find out how quickly you can grow your savings over time
Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Here's what to expect when you bank with Cape Cod 5:
A fast and simple account opening process
Easy-to-use online banking and a convenient mobile app
Ability to link accounts so you can transfer money when you need it
Customer service available 24 hours a day, seven days a week
Peace of mind knowing your money is insured through the FDIC up to the maximum limit
A trusted financial partner consistently ranked one of the best banks in the state and the nation
What are the benefits of a High Yield Savings Account?
Maximize your earnings with higher interest rates
High yield savings accounts typically offer significantly better interest rates than regular savings accounts. This means your money can grow faster over time, increasing your savings potential.
Secure your savings with FDIC protection
High yield savings account funds are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum limit, providing a high level of safety and security for your deposits. Your money is protected, and you can access your funds with confidence. Learn more about Deposit Insurance
Build an emergency fund for unexpected expenses
A high yield savings account is an excellent place to build and maintain an emergency fund. Your emergency savings are readily available for unplanned expenses, providing you with peace of mind and financial security.
Achieve short-term financial goals quicker
If you have short-term financial goals, such as saving for a vacation, a car, or a down payment on a home, a high yield savings account can help you reach those goals faster due to the higher interest rates available compared to standard savings accounts.
1 Minimum daily balance to avoid monthly maintenance fees: $10,000. Must be opened with a minimum of $10,000 in new funds not already on deposit with Cape Cod 5.
2 As of December 18, 2023. Based on the national average of 0.46% disclosed on FDIC.gov compared to a 3.50% Cape Cod 5 rate.
* Available to new or existing customers. Annual Percentage Yield (APY) effective as of 01/16/24. Rates are subject to change without notice. Fees may reduce account earnings. To learn how to qualify or for other rate information, visit your local Banking Center or call our Customer Service Center at 888-225-4636.