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Commonwealth Bank


Overview / Commentary
commonwealthcoop.com
617-364-6000
1172 River St
Hyde Park, MA 02136

Commonwealth Bank is headquartered in Hyde Park and is the 101st largest bank in the state of Massachusetts. It is also the 3,018th largest bank in the nation. It was established in 1886 and as of December of 2019, it had grown to 22 employees at 3 locations. Commonwealth Bank's money market rates are 36% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #29842
Year Established1886
Employees22
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD4.14%
Annual Interest Income$7.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$184.0MM$177.6MM
LoansQ4 2019vs Q4 2018$146.2MM$134.7MM
DepositsQ4 2019vs Q4 2018$137.9MM$124.9MM
Equity CapitalQ4 2019vs Q4 2018$28.3MM$26.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$818.00K$818.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$787.00K$1.1MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Commonwealth Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$10-Passbook Savings Account
0.05%$10-Statement Savings Account
0.05%$10-Christmas Club Account
0.05%$10-Vacation Club

Commonwealth Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$50k*-Advantage Money Market Account - New Money Only
OTHER TIERS: 0.10% → $10 - $2.5k | 0.20% → $2.5k - $25k | 0.30% → $25k - $50k
0.40%*$50k*-Money Market Account
OTHER TIERS: 0.10% → $10 - $2.5k | 0.20% → $2.5k - $25k | 0.30% → $25k - $50k
0.40%$2.5k-Commercial Money Market Accounts

Commonwealth Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$10k*-Elite Checking
OTHER TIERS: 0.10% → $2.5k - $10k
0.15%$1.5k-Premier Checking

Commonwealth Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-4 Year CD
0.85%$1k-3 Year CD
0.75%$1k-30 Month CD
0.65%$1k-2 Year CD
0.50%$1k-18 Month CD
0.40%$1k-1 Year CD
0.30%$1k-9 Month CD
0.20%$1k-6 Month CD
Locations


Commonwealth Bank Locations
Commonwealth Co-Operative Bank1172 River StHyde Park, MA 02136
Boston Branch25 Court StreetBoston, MA 02108
Jamaica Plain Branch3815 Washington StreetJamaica Plain, MA 02130

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