Reading Cooperative Bank

Overview / Commentary

781-942-5000

180 Haven Street
Reading, MA 01867

Reading Cooperative Bank is headquartered in Reading and is the 69^th largest bank in the state of Massachusetts. It is also the 1,268^th largest bank in the nation. It was established in 1886 and as of June of 2019, it had grown to 81 employees at 8 locations. Reading Cooperative Bank has an A health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	26620
Year Established	1886
Employees	81
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.68%
Return on Equity - YTD	7.75%
Annual Interest Income	$12.1MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$579.7MM$555.3MM
Loans	Q2 2019vs Q2 2018	$456.0MM$445.8MM
Deposits	Q2 2019vs Q2 2018	$475.1MM$416.7MM
Equity Capital	Q2 2019vs Q2 2018	$52.4MM$47.1MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$2.7MM$2.6MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$2.3MM$1.7MM
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

Skip to rates for:

Savings
Money Market
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Reading Cooperative Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$100k^*	-	Health Savings Account
OTHER TIERS: 0.05% → Up to $5k \| 0.10% → $5k - $100k
0.01%	$10	-	Green Online Savings
0.01%	$10	-	Online Christmas Savings
0.01%	$10	-	Online Vacation Savings
0.01%	$10	-	Passbook Savings
0.01%	$10	-	Student Passbook Savings
0.01%	$10	-	Student Statement Savings

Reading Cooperative Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.35%^*	$100k^*	-	Money Market Deposit Account
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $50k \| 0.13% → $50k - $100k

Reading Cooperative Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.05%	$500	-	4 1/2 Year Variable CD
3.05%	$500	-	3 Year Variable CD
2.00%	$500	-	5 Year CD
1.75%	$500	-	4 Year CD
1.50%	$500	-	3 Year CD
1.25%	$500	-	2 Year CD
0.75%	$500	-	1 Year CD
0.35%	$500	-	6 Month CD
0.30%	$500	-	2 Year - No Penalty after 12 Month CD

Reading Cooperative Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.05%	$500	-	4 1/2 Year Variable IRA
3.05%	$500	-	3 Year Variable IRA
2.00%	$500	-	5 Year IRA
1.75%	$500	-	4 Year IRA
1.50%	$500	-	3 Year IRA
1.25%	$500	-	2 Year IRA
0.75%	$500	-	1 Year IRA
0.35%	$500	-	6 Month IRA
0.30%	$500	-	2 Year - No Penalty after 12 Month IRA

Locations

Reading Cooperative Bank Locations
Burlington Office Branch	10 Wall Street	Burlington, MA 01803
North Reading Branch	170 Park Street	North Reading, MA 01864
Andover Branch	18-20 Central Street	Andover, MA 01810
Reading Co-Operative Bank	180 Haven Street	Reading, MA 01867
Lowell Street Wilmington Branch	230 Lowell Street	Wilmington, MA 01887
Wilmington Branch	352 Middlesex Avenue	Wilmington, MA 01887
Reading Memorial High School Branch	62 Oakland Road	Reading, MA 01867
Nemt Branch	100 Hemlock Road	Wakefield, MA 01880

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.