Account Terms – Personal Accounts

Have a question about our disclosures or fee schedules? Visit our office, or call (508) 668-1080 to speak with a team member.

Effective July 23, 2024

Account Terms

  • Your interest rate and annual percentage yield may change. At our discretion, we may change the rate for your account at any time. There are no maximum or minimum limitations to the amount that this rate may change.
  • We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest is credited on the monthly statement end date. If you close your account before interest is credited, you will receive the accrued interest to the close-out date.

Account Fees

AccountMinimum Deposit to Open AccountMonthly Maintenance FeesService Charges (Deposits and Checks)Minimum Daily Balance to Avoid FeesMinimum Daily Balance to Obtain APYTransactions at Non-Walpole Co-operative Bank ATMs*
Easy Checking Account$20.00NoneNoneNoneN/ANo Cost
High Rate Checking Account$20.00None$0.35 each$2,500.00$0.01No Cost
Easy Interest Checking Account$20.00$2.50$0.25 each$500.00$0.016 included
Additional $0.65 each
Senior NOW Checking Account
for customers age 62 years or older
$20.00NoneNoneN/A$0.01No Cost
Statement Savings Account$10.00NoneSee Account TermsN/A$0.016 included
Additional $0.65 each
Passbook Savings Account$10.00NoneSee Account TermsN/A$0.01N/A
Personal Money Market Account$20.00$2.50See Account Terms$1,000.00$0.016 included
Additional $0.65 each
*Please note: We are not responsible for ATM “surcharges” that may be imposed by other financial institutions or ATM owners.

The Passbook Savings account requires that the passbook be presented for all transactions. ATM, Online Banking and Automated Clearing House (ACH) debit transactions are not allowed.

Massachusetts 18/65 Law

If you are under the age of 19 or are age 65 or older you can choose from a Easy Checking Account or Senior Now Account and a Statement Savings Account or Passbook Savings Account and pay no monthly maintenance charge or per transaction fee (deposits or checks), no fee for the initial order or subsequent refills of basic wallet checks offered by the bank. Please contact customer service at 508-668-1080 to notify the bank of your eligibility for such accounts.

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