Review on Capeannsavings
Disclaimer
Our reviews are subjective opinions based on the analysis of our independent writers from around the world. We recommend exercising your own judgment and verifying information independently. We cannot be held liable for decisions made based on our reviews.
Summary
About Capeannsavings
The website under review is https://www.capeannsavings.bank/, which claims to represent a banking institution named Cape Ann Savings Bank (CASB). According to the site, CASB is a community bank offering personal and business banking services including checking and savings accounts, CDs and IRAs, online and mobile banking, home and personal loans, business deposit accounts and commercial lending, trust and financial services. The website states that the bank was founded in 1846, serves the Cape Ann area of Massachusetts (including Gloucester, Rockport, Manchester‑by‑the‑Sea), and has routing number 211370862 and NMLS number 480253. The site also lists physical branch location(s) such as 109 Main St, Gloucester, MA 01930.
From our investigation, everything appears consistent with a real, established mutual savings bank. The domain uses the .bank top‑level domain (TLD) which is restricted to verified banking institutions. There is an authentic listing in the U.S. regulator’s database (via the Federal Deposit Insurance Corporation — FDIC) for the institution ID 90203. The site has a mobile banking app on Google Play with positive ratings.
More Details
After reviewing the available publicly observable data, we conclude that the website is legitimate rather than a scam. Here is why in depth:
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Domain credibility: The .bank top‑level domain is strictly regulated and reserved for bona fide banking institutions. According to its specification, registrations are subject to vetting and ongoing renewal. This suggests the domain by itself carries more weight than typical .com or .net domains when used by a bank.
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Regulatory listing: The bank appears in the FDIC’s BankFind Suite with details matching the website (routing number 211370862, assets, location). A presence in a regulator’s public database for financial institutions is a core sign of legitimacy in the U.S. banking sector.
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Institution history: The bank gives a founding date (1846) and shares detailed history, including early deposit amounts and its continuing operation. Many scam sites cannot provide verifiable institutional lineage.
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Physical branch and contact details: The website lists real branch locations, addresses, phone numbers, and is listed in the local business directory (Greater Cape Ann Chamber). This ties the institution to real‑world presence and community embedding.
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Mobile app and real users: The bank’s mobile banking app is published on a major app store, with feedback from real users. This is a positive signal for operational digital banking services.
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Transparency of services and disclosures: The website includes standard banking product descriptions, navigation for personal/business banking, a “Security Center”, “Important Information” links, privacy policy and terms of use. Such disclosures are standard for regulated banks and reduce anonymity.
Given all this, the site passes many of the common checks one would apply to determine if an online bank website is likely legitimate. While no system is 100% immune from risk, there is no major indicator of scam behaviour here (such as anonymous shell company, unverifiable contact information, suspicious domain, no regulatory listing, etc.)
However, as a user (especially in another country) you should still apply due diligence:
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Confirm via independent regulatory agencies (state banking regulator in Massachusetts, FDIC, NMLS) that the institution is authorized for your use case.
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Ensure any funds / deposits are covered by the appropriate deposit insurance (U.S. FDIC or otherwise) for your region.
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Use direct bookmarks and never follow unsolicited links claiming to be the bank.
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Avoid sending money or personal data unless you have verified you are interacting with the bank directly and securely.
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Review fees, cross‑border implications, service availability outside the U.S., if you are using the bank from Nigeria.
In summary: the website is not clearly a scam and appears to be a legitimate U.S. community bank with online presence
Warning: Low score, please avoid this website!
According to our review, this website has a higher risk of being a scam website.
It may attempt to steal your funds under the pretense of helping you make money.
Notice: High Score — Not likely to be a scam website.
According to our review, this website has a low risk of being a scam.
There is minimal indication of fraudulent activity.
Notice: Moderate score — Caution advised.
According to our review, this website shows a moderate risk level based on current data.
There is no strong evidence of a scam, but users should proceed carefully.
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Competiting Brands
Photos of Capeannsavings
Pros
- Comprehensive services: Offers personal, business, online & mobile banking, loans, mortgages etc. which align with what one expects from a real bank.
- Clear physical presence: Branch addresses, phone numbers, local service area (Cape Ann region) shown transparently.
- App availability: Mobile app with positive reviews, showing digital service capability.
Cons
- Geographic limitation: The bank appears to be region‑focused (Cape Ann, Massachusetts) which may limit services for remote or international users.
- Online presence vs scam risk: Even though everything checks out, users outside the U.S. (such as Nigeria) need to verify cross‑border regulations, deposit protections etc.
- URL vigilance: Its URL is .bank and that is good, but similar‑looking domains might exist—always confirm you are on the correct site.
- Global use caution: If you are in Nigeria (as your location indicates), using a U.S. community bank may involve foreign transaction issues, inter‑jurisdictional regulation, currency risk, etc.
Website Overview
Country:
USA
Operating Since:
2025
Platforms:
Mobile/Desktop
Type:
Online bank
Spread:
N/A
Funding:
Online bank
Leverage:
N/A
Commission:
N/A
Instruments:
N/A
Keypoints
Although the .bank TLD is restricted, it does not guarantee absolutely no phishing risk (still advisable to verify certificates and secure connection).
Some websites may look authentic but be found as part of impersonation schemes; always verify via independent regulatory databases (which here we have done).
Given this, the website appears to correspond to a legitimate bank rather than a scam. However, as with all financial matters, visitors should remain cautious and verify the exact URL and credentials before providing sensitive data. In this review we’ll analyse the key points, pros & cons, final thoughts, and answer common questions.
Ensure that any online login or application process is via secure HTTPS and go directly rather than via emailed links.
Overall Score
11%
Final Thoughts
After viewing and analyzing the site thoroughly by our experts and undergoing the proper process, we have reached a final conclusion.
In today’s digital age, many individuals remain rightly concerned that an online bank website could be a scam. In the case of Cape Ann Savings Bank (www.capeannsavings.bank), our review shows that the institution has many hallmarks of a legitimate bank: a regulated domain (.bank), physical branch presence, routing and regulatory numbers, listing in official banking registries, a mobile banking app, transparency of service offerings and long institutional history.
If you suspected the site was a scam, it appears that suspicion may have been unfounded. That said, legitimacy doesn’t guarantee suitability for every user. If you are outside the U.S., or seeking to use the bank’s services from Nigeria (as your location suggests), you must consider whether the bank provides cross‑border services, whether deposits are insured for overseas customers, how foreign transfers will be handled, and what protections you have in your jurisdiction.
Therefore, while you can regard the website as legitimate, proceed with common sense precautions. Use secure connections, verify contact information, monitor your account carefully, and understand all terms and conditions. For local U.S. residents in the Cape Ann region, this bank appears to be a safe, functioning institution. For international users, additional verification is prudent.
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