Saving is never easy; at Wrentham Cooperative, we alleviate much of the stress that comes with trying to save money.
With plenty of savings accounts to choose from and without the fear of hidden fees or unrealistic minimums we can help you achieve financial security that you deserve. Contact us today, and let us help you find the perfect savings plan for you.
Features Include:
Statement Savings | Money Market | Premier | |
Minimum Balance to Open | $10 | $2,500 | $100,000 |
Minimum Balance required to waive monthly maintenance fee | $0 | $2500 | $0 |
Monthly Maintenance Fee | $0 | $10 if account minimum not maintained | $0 |
Surcharge Free ATM Transactions | Only for Wrentham Cooperative or SUM Network ATMs | Only for Wrentham Cooperative or SUM Network ATMs | Only for Wrentham Cooperative or SUM Network ATMs |
Earns Interest | Yes. Check out our rates. | Yes. Check out our rates. | Yes. Check out our rates. |
eStatements | Optional | Optional | Optional |
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Already have an account with us? | |||
A Certificate of Deposit is a safe, higher-yielding investment that's 100% insured by the FDIC and DIF. Putting equal sums in CDs of varying terms - known as laddering - is a smart way to earn solid yields while keeping your options open.
We offer fixed rates on terms of 3-48 months, but you can "design your own" term as well to correspond to a tuition payment, home purchase or similar planned expenditure.
3 month through 6 month terms – $1000 minimum deposit to open
7 month through 48 month terms - $500 minimum deposit to open
Check out our rates.
Invest in your future today! Our wide variety of retirement savings plans which include both traditional and Roth IRAs and can help you secure your future retirement plans.
Please contact our Customer Service department to speak with an IRA Representative for more information about any of our retirement plans.
1. What savings accounts does Wrentham Cooperative Bank offer?
Wrentham Cooperative Bank offers Statement Savings Accounts, Money Market Accounts, Premier Money Market Accounts, Certificates of Deposit, Traditional Individual Retirement Accounts, and Roth Individual Retirement Accounts.
2. What is the minimum deposit required to open a Statement Savings Account at Wrentham Cooperative Bank?
A Statement Savings Account requires a minimum opening deposit of $10.
3. What is the difference between a Money Market Account and a Premier Money Market Account at Wrentham Cooperative Bank?
The main difference is the balance requirement. A Money Market Account requires a $2,500 opening deposit, while a Premier Money Market Account requires a $100,000 opening deposit.
4. Do Wrentham Cooperative Bank savings accounts earn interest?
Yes. Statement Savings Accounts, Money Market Accounts, Premier Money Market Accounts, and Certificates of Deposit all earn interest. Customers can view current rates directly through Wrentham Cooperative Bank.
5. Does Wrentham Cooperative Bank charge monthly maintenance fees on savings accounts?
Statement Savings Accounts and Premier Money Market Accounts do not have monthly maintenance fees. Money Market Accounts have a $10 monthly maintenance fee if the required minimum balance is not maintained.
6. What Certificate of Deposit terms does Wrentham Cooperative Bank offer?
Wrentham Cooperative Bank offers Certificates of Deposit with terms ranging from 3 months to 48 months.
7. What is the minimum deposit required to open a Certificate of Deposit at Wrentham Cooperative Bank?
Certificates of Deposit with terms between 3 and 6 months require a $1,000 minimum opening deposit. Terms between 7 and 48 months require a $500 minimum opening deposit.
8. Does Wrentham Cooperative Bank offer retirement savings accounts?
Yes. Wrentham Cooperative Bank offers both Traditional Individual Retirement Accounts and Roth Individual Retirement Accounts to help customers save for retirement.
9. Are Wrentham Cooperative Bank savings and retirement accounts insured?
Yes. Savings accounts, Certificates of Deposit, and retirement accounts at Wrentham Cooperative Bank are insured by the Federal Deposit Insurance Corporation and the Depositors Insurance Fund according to applicable coverage limits.
10. Can I access my Wrentham Cooperative Bank savings accounts online?
Yes. Wrentham Cooperative Bank offers Mobile Banking, Online Banking, and Online Bill Pay services for savings account customers.
