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Fidelity Co-operative Bank Review

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Fidelity Co-operative Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1888, Fidelity Co-operative Bank has assets totaling $820 million as well as $700 million in deposits, classifying the institution as a medium-size bank. Fidelity Co-operative Bank, whose headquarters are in Fitchburg, Massachusetts, has above-average access to customer service with a live chat feature, great for getting help during the work week. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.4 stars out of 5, Fidelity Co-operative Bank is a solid contender in your bank search. Fidelity Co-operative Bank has the full slate of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, the bank's standard checking account does not have a monthly fee. Obtaining 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 getting the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.10%, Fidelity Co-operative Bank ranks poorly in comparison to other U.S. banks. Its CDs feature a rate of 0.60% and 1.50% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.20%. Given Fidelity Co-operative Bank's below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How Fidelity Co-operative Bank's Savings Rates Compare

Fidelity Co-operative Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Fidelity Co-operative Bank has generally extremely low fees as compared against the national average. With no monthly fee, Fidelity Co-operative Bank is perfect for people who want a basic checking account. Fidelity Co-operative Bank unfortunately doesn't refund out-of-network ATM fees, meaning you will have to find a Fidelity Co-operative Bank ATM or accept the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Fidelity Co-operative Bank is a brick-and-mortar bank, with 13 total branches in Massachusetts. It also offers access to mobile and web apps for simple access and banking on the go. Fidelity Co-operative Bank also offers a live chat feature, giving customers an easy access point throughout the day. Fidelity Co-operative Bank gets high marks from customers for its online presence. The Fidelity Co-operative Bank mobile app rates a 4.6 out of 5 (with 320 ratings on iOS and Android) compared to the national average of 3.8. You can access Fidelity Co-operative Bank's app to control your funds by looking at current statements, transferring funds as well as reaching support representatives. Fidelity Co-operative Bank receives a superb consumer satisfaction score based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

SmartAsset Average: 4.8

Fidelity Co-operative Bank ranks as a medium-size bank and owns $820 million in assets as well as $700 million in deposits. Its Texas Ratio is 2.12%, indicating that the bank is in excellent financial condition and unlikely to fail. Additionally, Fidelity 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.

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Compare Fidelity Co-operative Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $10
Certificates of Deposit
  • 12 Month: 0.60% APY
  • 24 Month: 0.70% APY
  • 36 Month: 0.85% APY
  • 48 Month: 1.15% APY
  • 60 Month: 1.50% APY
$1 for all terms
Money Market Account 0.15% APY $10000

Fidelity Co-operative Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Fidelity Co-operative Bank does not have the best savings rate, which means you should think about other options 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. Fidelity Co-operative Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Fidelity Co-operative Bank Near Me

Fidelity Co-operative Bank has 13 physical locations across the U.S.

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