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Reading Cooperative Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
readingcoop.com
781-942-5000
180 Haven Street
Reading, MA 01867

Reading Cooperative Bank is headquartered in READING and is the 56th largest bank in the state of Massachusetts. It is also the 1,125th largest bank in the nation. It was established in 1886 and as of March of 2025, it had grown to 98 employees at 11 locations. Reading Cooperative Bank's money market rates are 7X the national average, and it has a B health rating.

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Health
B

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #26620
Year Established1886
Employees98
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.23%
Return on Equity - YTD3.98%
Annual Interest Income$11.1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$922.3MM$908.2MM
LoansQ1 2025vs Q1 2024$724.3MM$698.6MM
DepositsQ1 2025vs Q1 2024$799.3MM$682.6MM
Equity CapitalQ1 2025vs Q1 2024$55.6MM$52MM
Loan Loss AllowanceQ1 2025vs Q1 2024$4.8MM$4.8MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$5.8MM$9K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Reading Cooperative Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$10-Online Christmas Savings
0.01%$10-Health Savings Account
0.01%$10-Green Online Savings
0.01%$10-Online Vacation Savings
0.01%$10-Passbook Savings
0.01%$10-Student Passbook Savings
0.01%$10-Student Statement Savings
0.01%$10-Statement Savings

Reading Cooperative Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$2.5k*-Cash Booster Money Market Special
OTHER TIERS: 0.05% → $10 - $2.5k
3.00%*$2.5k*-Business Cash Booster Money Market Special
OTHER TIERS: 0.05% → $10 - $2.5k
0.10%*$100k*-Money Market Deposit Account
OTHER TIERS: 0.05% → $10 - $100k

Reading Cooperative Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-8 Month CD Special
4.25%$500$500k8 Month CD Special - Online
4.00%$500-6 Month CD
3.00%$500-3 Year CD
3.00%$500-5 Year CD
3.00%$500-4 Year CD
2.75%$500-1 Year CD
2.75%$500-2 Year CD
2.75%$500-9 Month CD
2.75%$500$500k9 Month CD - Online
0.15%$500-15 Month CD

Reading Cooperative Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-6 Month IRA
3.00%$500-3 Year IRA
3.00%$500-4 Year IRA
3.00%$500-5 Year IRA
2.75%$500-1 Year IRA
2.75%$500-2 Year IRA
0.15%$500-15 Month IRA
Locations


Cities: Andover, Burlington, Lynn, Nahant, North Reading, Reading, Wakefield, Wilmington

Andover Branches
Andover Branch18-20 Central StreetAndover, MA 01810

Burlington Branches
Burlington Office Branch10 Wall StreetBurlington, MA 01803

Lynn Branches
Lynn Branch400 BroadwayLynn, MA 01904

Nahant Branches
Nahant Branch28 Nahant RoadNahant, MA 01908

North Reading Branches
North Reading Branch170 Park StreetNorth Reading, MA 01864

Reading Branches
Reading Co-Operative Bank180 Haven StReading, MA 01867
Reading Memorial High School Branch62 Oakland RoadReading, MA 01867

Wakefield Branches
Nemt Branch100 Hemlock RoadWakefield, MA 01880

Wilmington Branches
Lowell Street Wilmington Branch230 Lowell StreetWilmington, MA 01887
Wilmington Branch352 Middlesex AvenueWilmington, MA 01887

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