Cape Cod Co-operative Bank started in 1921 with headquarters in Yarmouth Port, Massachusetts. Cape Cod Co-operative Bank manages $921 million in assets as well as deposits totaling $795 million, ranking 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 offerings. With a score of 4.2 out of 5 stars, Cape Cod Co-operative Bank should be solidly in contention for your choice of bank. Cape Cod Co-operative Bank offers the complete selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Cape Cod Co-operative Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Cape Cod Co-operative Bank offers an option without a maintenance or monthly fee. Banks that offer free checking, in addition to a high interest rate savings account are the best option for gaining the most income from your deposits alongside convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Cape Cod Co-operative Bank features a savings rate of 0.10%, which is poor in comparison to the national average. Cape Cod Co-operative Bank's CDs feature a rate of 0.40% and 1.50% for the one-year and five-year term lengths, respectively. Given its poor savings rate, you should think about other options to earn more on your deposits.
How Cape Cod Co-operative Bank's Savings Rates Compare
On average, Cape Cod Co-operative Bank charges customers extremely low fees in comparison to the average U.S. bank. With no monthly fee, Cape Cod Co-operative Bank's checking account is perfect for those who want a hassle-free checking account. Cape Cod Co-operative Bank doesn't refund out-of-network ATM charges, which means you'll need to search for a Cape Cod Co-operative Bank ATM or accept the cost of withdrawal.
Cape Cod Co-operative Bank is a brick-and-mortar bank, with 12 total branches in Massachusetts. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not provide access to all-day customer service with representatives. You can get help during its customer service 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's online and mobile banking services get moderately high scores from customers. With 29 ratings on Apple and Android platforms, the Cape Cod Co-operative Bank mobile app rates a 4.1 out of 5 (compared to the national average of 3.8). Cape Cod Co-operative Bank's mobile app lets you control your accounts by checking monthly statements, transferring money and accessing customer service. Cape Cod Co-operative Bank gets an outstanding consumer satisfaction score based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Cape Cod Co-operative Bank ranks as a medium-size bank and owns $921 million in assets as well as $795 million in deposits. Cape Cod Co-operative Bank's Texas Ratio is 9.71%, denoting a small possibility of failure. 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 think about 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 branches across the U.S.Back to Overview