Cape Cod Co-operative Bank was founded in 1921 with headquarters located in Yarmouth Port, Massachusetts. Cape Cod Co-operative Bank manages assets of $921 million along with $795 million in deposits, classifying it as a medium-size bank. Cape Cod Co-operative Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a commendable 4.2 out of 5 stars, Cape Cod Co-operative Bank proves it is a solid pick to be your bank. Cape Cod Co-operative Bank has a variety of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Cape Cod Co-operative Bank's standard checking account does not have a monthly maintenance fee. Finding a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is the best option for returning the most income from your deposits alongside easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.10%, Cape Cod Co-operative Bank ranks poorly as compared against the national average. Its CD rates are 0.40% and 1.50% for the one-year and five-year term lengths, respectively. Given Cape Cod Co-operative Bank's poor savings rate, you should consider looking at the competition to open savings accounts.
How Cape Cod Co-operative Bank's Savings Rates Compare
Cape Cod Co-operative Bank typically has extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. Cape Cod Co-operative Bank doesn't refund out-of-network ATM fees, meaning you'll have to find a Cape Cod Co-operative Bank ATM or accept the ATM charge.
Cape Cod Co-operative Bank is a brick-and-mortar bank, with 12 total bank locations in Massachusetts. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Wednesday, 8:00 a.m. to 4:30 p.m. ET; Thursday through Friday, 8:00 a.m. to 7:00 p.m. ET; Saturday, and 8:00 a.m. to 2:00 p.m. ET. Cape Cod Co-operative Bank gets relatively satisfactory ratings from users for its mobile platform. The Cape Cod Co-operative Bank mobile app has an overall rating of 4.1 out of 5 (out of 29 reviews on Apple and Android) compared to the national average of 3.8. Cape Cod Co-operative Bank's mobile app allows you to manage your finances by looking at current statements, sending and receiving money and reaching customer service. Cape Cod Co-operative Bank gets an excellent consumer satisfaction score due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Cape Cod Co-operative Bank ranks as a medium-size bank owning assets totaling $921 million as well as deposits totaling $795 million. Cape Cod Co-operative Bank's Texas Ratio is 9.71%, indicating that Cape Cod Co-operative Bank is in fine financial health and unlikely to fail. Additionally, Cape Cod Co-operative Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.Back to Overview
Compare Cape Cod Co-operative Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$10|
|Checking Account||0.1% APY||$10|
|Certificates of Deposit|| ||$500 for all terms|
Cape Cod Co-operative Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Cape Cod Co-operative Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Cape Cod Co-operative Bank's CD rates are fair in comparison to other U.S. banks.Back to Overview
Find a Cape Cod Co-operative Bank Near Me
Cape Cod Co-operative Bank has 12 physical locations in the U.S.Back to Overview