Savings
Choice Savings from Mechanics Cooperative Bank offers products that fit your personal savings goals. Whether you need long term products that earn fixed rates or liquid products that allow you access to your money when needed, Mechanics Cooperative Bank has the solution.
This account links directly with your Premier Checking account, making you eligible for preferred interest rates. You get the best of checking and savings with the Premier Choice accounts.
- $10 minimum deposit to open
- $100 or more earns you interest
- No monthly service fee if $200 daily balance maintained*
This product is the perfect paperless account for customers who bank online. Take advantage of e-Statements and you’ll earn a higher rate on savings balances than our traditional statement savings account.
- $10 minimum deposit to open
- $100 or more earns you interest
- e-Statements required
- No monthly service fee if $200 daily balance maintained*
Our standard savings account with deposits, withdrawals, and interest payments recorded on one monthly statement. Plus, your free ATM card allows you access to your cash anytime.
- $10 minimum deposit to open
- $100 or more earns you interest
- No monthly service fee if $200 daily balance maintained*
Our simplest savings account of all. Deposits, withdrawals and interest payments are recorded in one convenient passbook.
- $10 minimum deposit to open
- $100 or more earns you interest
- No monthly service fee if $200 daily balance maintained*
Our Money Market Accounts pay much higher rates than traditional savings or checking accounts – take advantage!
- $500 minimum deposit to open
- $100 or more earns you interest
- No monthly service fee if $500 daily balance maintained
Our CD products offer extremely competitive rates and quality customer service. Let Mechanics Cooperative Bank help make the most of your money!
- Minimum deposit to open is $500
- Minimum to earn interest is $500
*18/65 customers may designate one (1) savings account for which we will waive this requirement/fee
Savings and Money Market Accounts are limited to six (6) Electronic/ Check/ POS transactions each month. An Excessive Transaction Fee will be assessed for each Limited Transaction in excess of six (6) per statement cycle period. For more information on Excessive Transaction Fees, please refer to our Schedule of Rates and Fees.
“Sweeps” Overdraft Protection is available for all checking accounts! A “sweep” allows you to use an existing savings account (with available funds) to cover overdrafts from your checking account. Additional fee information can be found in our Account Agreement and Schedule of Rates and Fees. Please ask any Mechanics Cooperative Bank representative for details!
Click here to view our
Schedule of Rates and Fees.
