Mechanics' Cooperative Bank

Overview / Commentary
316 Broadway
Taunton, MA 02780

Mechanics' Cooperative Bank is headquartered in Taunton and is the 67th largest bank in the state of Massachusetts. It is also the 1,265th largest bank in the nation. It was established in 1877 and as of December of 2018, it had grown to 96 employees at 10 locations. Mechanics' Cooperative Bank's money market rates are 3X the national average, and it has an A health rating.

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Mechanics Cooperative Bank (MA) Pushes 27-month CD Upward - 6/18/2018

Mechanics Cooperative Bank has raised the rate on its 27-month CD Special (2.75% APY). $2.5k min deposit, no stated balance cap. Available online throughout MA and RI.


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Health Grade Components

FDIC Certificate #26634
Year Established1877
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD11.92%
Annual Interest Income$26.2MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$575.1MM$572.0MM
LoansQ4 2018vs Q4 2017$469.8MM$468.3MM
DepositsQ4 2018vs Q4 2017$433.5MM$418.9MM
Equity CapitalQ4 2018vs Q4 2017$55.7MM$49.6MM
Loan Loss AllowanceQ4 2018vs Q4 2017$3.5MM$3.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$794.00K$1.6MM
Real Estate OwnedQ4 2018vs Q4 2017$0$198.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mechanics' Cooperative Bank Savings Account Rates

1.85%*$50k*-Premier Choice Savings
OTHER TIERS: 0.15% $100 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k
0.25%$100-e-Choice Savings
0.05%$100-Classic Savings (Passbook)
0.05%$10-Christmas Club (Passbook)
0.05%$100-Statement Savings

Mechanics' Cooperative Bank Money Market Rates

1.50%*$50k*-Personal Money Market
OTHER TIERS: 0.25% $100 - $500 | 0.30% $500 - $10k | 0.35% $10k - $25k | 0.40% $25k - $50k
1.45%*$75k*-Choice Business Money Market
OTHER TIERS: 0.25% $100 - $500 | 0.30% $500 - $25k | 0.35% $25k - $50k | 0.40% $50k - $750k
1.40%*$75k*-Municipal Money Market
OTHER TIERS: 0.25% $100 - $500 | 0.30% $500 - $25k | 0.35% $25k - $750k

Mechanics' Cooperative Bank Checking Account Rates

2.00%*$50k*-Top Choice Checking
OTHER TIERS: 0.05% $500 - $50k
0.15%*$50k*-Premier Choice Checking
OTHER TIERS: 0.05% $100 - $25k | 0.10% $25k - $50k
0.15%*$50k*-Choice IOLTA
OTHER TIERS: 0.05% $100 - $25k | 0.10% $25k - $50k
0.05%$100-18/65 Choice Checking
0.05%$100-Unlimited Choice NOW

Mechanics' Cooperative Bank CD Rates

2.80%$500-5 Years Relationship CD Special -Qualifying
2.70%$500-5 Years CD
2.60%$2.5k-27 Month CD Special
2.50%$500-14 Month CD Special
1.50%$500-4 Years CD
1.30%$500-3 Years - Fixed Rate CD
1.10%$500-2.5 Years CD
1.00%$500-2 Years CD
0.70%$500-1.5 Years CD
0.70%$500-3 Years - Variable CD
0.60%$500-1 Year CD
0.45%$500-9 Months CD
0.30%$500-6 Months CD
0.25%$500-3 Months CD

Mechanics' Cooperative Bank IRA Rates

2.70%$500-5 Years IRA
1.50%$500-4 Years IRA
1.30%$500-3 Years - Fixed Rate IRA
1.00%$500-2 Years IRA
0.70%$500-1.5 Years IRA
0.70%$500-3 Years - Variable IRA
0.60%$500-1 Year IRA
0.30%$500-6 Months IRA

Mechanics' Cooperative Bank Locations
1236 County St Branch1236 County StreetSomerset, MA 02726
165 State Rd Branch165 State RoadWestport, MA 02790
201 Gar Hwy Branch201 Gar HighwaySwansea, MA 02777
Mechanics' Co-Operative Bank316 BroadwayTaunton, MA 02780
North Dighton Branch596 Somerset AvenueNorth Dighton, MA 02764
Lafayette Federal Savings Bank Branch60 Bedford StreetFall River, MA 02720
Bridgewater Co-Operative Bank Branch72 Main StreetBridgewater, MA 02324
Taunton Branch75 County StreetTaunton, MA 02780

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