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National Cooperative Bank Review

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National Cooperative Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


National Cooperative Bank started in 1988 and its headquarters are located in Hillsboro, Ohio. National Cooperative Bank manages assets of $2 billion and $2 billion in deposits, ranking it as a large bank. National Cooperative Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset has rated the bank 4.3 out of 5 stars, indicating that National Cooperative Bank is a great choice and should warrant serious consideration. National Cooperative Bank provides customers with a full suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. National Cooperative Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, National Cooperative Bank's most basic checking account does not carry a monthly charge. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is the best option for getting the most income from your deposits while maintaining convenient access to your money.

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 0.20%, National Cooperative Bank ranks poorly in comparison to the average U.S. bank. National Cooperative Bank's one-year CD earns at a rate of 0.40% and the five-year CD has a rate of 1.06%, while its highest-yielding money market account has an APY of 0.40%. Given its below average savings rate, you should consider other options to earn more on your deposits.

How National Cooperative Bank's Savings Rates Compare

National Cooperative Bank Savings 0.20 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

National Cooperative Bank charges customers extremely low fees in comparison to the average U.S. bank. National Cooperative Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. National Cooperative Bank unfortunately doesn't reimburse out-of-network ATM fees, meaning you'll need to find a National Cooperative Bank ATM or pay the withdrawal fee.

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

National Cooperative Bank is a brick-and-mortar bank, with three total branches in Ohio. With mobile and web apps, National Cooperative Bank makes mobile banking straightforward, even on the go. National Cooperative Bank receives high praise from users for its online presence. The National Cooperative Bank mobile app rates a 5.0 out of 5 (out of 1 ratings on iOS and Android) compared to the national average of 3.8. National Cooperative Bank's mobile app allows you to control your bank accounts by checking account balances, transferring funds and accessing customer service. National Cooperative Bank gets an exceptional consumer satisfaction score based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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

SmartAsset Average: 4.8

National Cooperative Bank ranks as a large bank and manages assets totaling $2 billion as well as deposits totaling $2 billion. National Cooperative Bank's Texas Ratio is 11.23%, indicating that the bank is in fine financial well-being and unlikely to fail. Additionally, National Cooperative Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

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 National Cooperative Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $100
Checking Account 0.2% APY $1
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.60% APY
  • 36 Month: 0.75% APY
  • 48 Month: 0.85% APY
  • 60 Month: 1.06% APY
$500 for all terms
Money Market Account 0.2% APY $100

National Cooperative Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. National Cooperative Bank does not have the best savings rate, which means you should consider 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. National Cooperative Bank's CD rates are fair compared to the national average.

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Find a National Cooperative Bank Near Me

National Cooperative Bank has three branches in the U.S.

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