The Commonwealth Co-operative Bank Equal Housing Lender Member FDIC Member SIF
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Two Center Plaza Boston, MA 02108 (617) 227-2298
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Savings Services
We make saving simple with great rates and flexible terms. Click here for our current rates.

Your deposits are insured in full!
At Commonwealth Co-operative Bank, every deposit is insured in full. The Federal Deposit Insurance Corporation (FDIC) insures each depositor for $100,000. The Share Insurance Fund of Massachusetts (SIF) of the Co-operative Central Bank insures all deposits in excess of this amount. No one provides better deposit protection.

Money Market Account
The account offers a higher rate of return with tiered levels – so the more you have on the deposit, the more you earn!

Passbook Savings Account
A traditional savings account for those who prefer to keep an updated record of their transactions and savings growth.

Cash Card Statement Savings Account
Enjoy the convenience of accessing your account with a free ATM card, as well as an easy-to-ready monthly statement outlining all your deposits, withdrawals and interest earned.

Certificates of Deposit
Looking for a sure thing? Rest easy with a Commonwealth Co-operative Bank CD, because the term and rate are set for the life of the certificate.

Individual Retirement Accounts
It’s never to early to start saving for retirement! We can help you plan with a Traditional IRA tailored to your needs.

Christmas Club
Saving for the holidays is easier with a Christmas Club. Make contributions throughout the year and avoid worrying about having enough cash when it’s time for holiday shopping.

Convenience Services
We make managing your accounts easy with these convenience services.

24-Hour ATM Access
With a Commonwealth Co-operative Bank ATM card you can access your accounts at ATMs down the street or around the country. Please note, ATM cards are available with Statement Savings only.

SUM ATM
SUM logoOur customers can avoid ATM surcharges when on the road, by using participating SUMSM ATMs. Just look for the green and gold SUM logo whenever you need cash. Click here for a list of participating locations.

Direct Deposit
Arrange for direct deposit of your paycheck, Social Security check or other regularly occurring payment, and save yourself a trip to the bank.

Telephone Banking
With Telephone Banking you can check account balances, transfer funds, find out which checks have cleared or get the latest information on rates.

Bank by Mail
Can’t make it to the bank? Use our pre-addressed envelopes to bank by mail. We’ll process your transaction and send you a receipt by return mail.

Make the Commonwealth connection!
For more information about Commonwealth Co-operative Bank please visit our office, call (617) 227-2298 or complete our information request form.