Government Banking Solutions
Supporting municipalities with expert banking and financial management.
Your Municipal Banking Partner
We provide trusted municipal banking solutions that help Massachusetts cities and towns manage their finances with confidence. With deep roots on the Cape & Islands, our experienced team delivers personalized service and the financial expertise your community can count on.
Why Choose Cape & Coast Bank
- Dedicated government banking specialists with municipal finance expertise
- Comprehensive treasury management solutions that optimize cash flow
- Full FDIC and DIF deposit insurance providing 100% protection on all deposits
Complete Government Solutions
- Government depository accounts with unlimited activity and competitive rates
- Specialized money market accounts for trust, stabilization, and CPA funds
- Advanced online banking with 24/7 access and comprehensive reporting
- Professional lockbox services for efficient payment processing
Government Banking Solutions
Choose from our comprehensive suite of government banking products designed to meet the specific needs of municipalities, school districts, and public entities across Massachusetts.
Government Depository Account
A flexible, high activity account designed for daily operations or depository use, offering competitive rates to help you maximize earnings and support efficient fund management.
- Unlimited activity included
- Competitive interest rates
- No monthly maintenance fees
- Free online banking access
- Dedicated relationship manager
Government Money Market
The perfect account to use with our Business Online Banking service to facilitate your cash management activity.
- Competitive market rates
- Easy fund transfers
- Online cash management tools
- 24/7 account access
- Detailed reporting available
Investment Money Market
Premium interest rate for balances over $1 million, designed for various municipal fund types.
- Trust fund management
- OPEB fund solutions
- Stabilization fund options
- CPA Funds
- Enterprise Funds
- Bond Settlement Accounts
Payroll & Vendor Accounts
Complete payroll and vendor checking accounts with premium interest rates and comprehensive reconciliation services.
- Free checks via our preferred vendor
- Full reconciliation services
- Online statement access
- PDF images of cleared checks
- Premium interest rates
Concentration Account
Simplify account management with a single, consolidated statement that brings together multiple sub-accounts into one easy-to-read summary. Ideal for managing:
- Trust funds
- Landlord/Tenant accounts
- Performance bonds
Comprehensive Municipal Services
Trusted by Local Communities
Our experienced team provides responsive service and deep understanding of your specific needs. We’re here to help you succeed with banking solutions designed specifically for government entities.
Your Dedicated Banking Team
Our government banking specialists bring decades of experience in municipal finance and public sector banking. We’re here to help you succeed with personalized service and solutions tailored to your specific needs.
Let’s Work Together
Our experienced government banking team is here to help you find the right solutions for your municipality. We’ll guide you through every step of the process with personalized service.
Meet with Our Experts
Meet with our government banking specialists to discuss your municipality’s unique financial needs and explore our solutions.
Get Started Today
Open your government accounts with Cape & Coast Bank and experience the difference of local, personalized service.
Government Banking Questions
Get answers to common questions about government banking services at Cape & Coast Bank. Learn about our specialized municipal solutions and requirements.
What types of government accounts do you offer?
We offer government depository accounts, money market accounts, investment money market for $1M+, and payroll/vendor checking accounts with specialized features.
How are government deposits protected?
By being a member of both the FDIC and DIF, 100% of deposits are insured in full regardless of balance for government accounts at Cape & Coast Bank.
What is Business Online Banking?
Our free Business Online Banking gives you 24-hour cash management with secure access, fund transfers, bill pay, and comprehensive reporting tools.
How do lockbox services work?
Lockbox collects and processes payments through a dedicated P.O. Box, then deposits funds into your selected business or cash management account.
What makes your government banking different?
We combine local decision-making with specialized expertise, competitive rates, and personalized service designed specifically for Massachusetts municipalities.
Ready to Partner with Us?
Join the growing number of Massachusetts municipalities that trust Cape & Coast Bank for their government banking needs. Experience the difference that local expertise and personal service make.