Savings & Investment Services

We offer several options for handling your personal savings.
Click here to see our deposit account rates.

Regular Savings

• Earns at a variable rate of interest
• Interest Compounded & credited monthly
• Choose from Passbook or monthly Statement account
• ATM accessible with statement account only
• Free ATM Transactions at WCB
• 6 Free ATM Transactions at non-WCB owned ATMs*
• Charges apply in excess of 6 transactions

*FREE ATM transactions refers to network charges only. This excludes any surcharges imposed by ATM owners.

Money Market

• Tiers earn at current money market interest rates
• Interest Compounded & credited monthly
• $1000 minimum daily balance to avoid charges
• Withdrawal limitations apply
• Limited to 6 pre-authorized, automatic, or telephone transfers per statement cycle of which only 3 may be by third-party check.
  

Certificates of Deposit

Our certificates generally offer “the best interest rate around”. Our wide selection of terms gives a great flexibility for deciding on your investment.

Earnings are at current interest rates as established by the current market. Interest can be withdrawn or re-invested. Early withdrawal of principal incurs a penalty.

Our 3-Month and 6-Month certificates require a minimum deposit of $2500.00
Our 1-4 Year certificates require a minimum deposit of $1000.00

Retirement Accounts

• Individual Retirement Accounts
• Traditional IRA - $5,000 annual contribution limit
• Roth IRA - $5,000 annual contribution limit
• Coverdell Education Savings Accounts – $2,000 annual contribution limit

Interest on Traditional IRA is tax-deferred or sheltered until distributions. Traditional IRA contributions may be tax-deductible, dependent on your filing status, adjusted gross income or whether you participate in a company-sponsored retirement plan. Contributions and earnings on Roth IRA’s are tax-free on distribution, (certain requirements must be met).

Fixed IRAs

• Invest in certificates of deposits and receive semi-annual statements

Qualified Plans and SEPs

Allows self-employed individuals or owners of small businesses to set up retirement plans.

• Rollovers and Transfers
• Rollovers and Transfers may be made from one Traditional IRA to another Traditional IRA, Roth IRA to another Roth IRA

Direct Rollovers may be made from an employer Eligible Retirement Plan to a Traditional IRA

Your Deposits are Insured in Full.

At Walpole Co-operative Bank, every deposit is insured in full. Each depositor is insured to at least $250,000.00 by The Federal Deposit Insurance Corporation (FDIC). All deposits over and above this amount are covered by the Share Insurance Fund (SIF), established by the legislature in 1934 to protect deposits in Massachusetts-chartered co-operative banks. There are no maximum account limitations or amount limitations.

This is your Bank!

For more information about our products or services, please use our information request form or give us a call at (508) 668-1080.