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
| Account | Minimum Deposit to Open Account | Monthly Maintenance Fees | Service Charges (Deposits and Checks) | Minimum Daily Balance to Avoid Fees | Minimum Daily Balance to Obtain APY | Transactions at Non-Walpole Co-operative Bank ATMs* |
|---|---|---|---|---|---|---|
| Easy Checking Account | $20.00 | None | None | None | N/A | No Cost |
| High Rate Checking Account | $20.00 | None | $0.35 each | $2,500.00 | $0.01 | No Cost |
| Easy Interest Checking Account | $20.00 | $2.50 | $0.25 each | $500.00 | $0.01 | 6 included Additional $0.65 each |
| Senior NOW Checking Account for customers age 62 years or older | $20.00 | None | None | N/A | $0.01 | No Cost |
| Statement Savings Account | $10.00 | None | See Account Terms | N/A | $0.01 | 6 included Additional $0.65 each |
| Passbook Savings Account | $10.00 | None | See Account Terms | N/A | $0.01 | N/A |
| Personal Money Market Account | $20.00 | $2.50 | See Account Terms | $1,000.00 | $0.01 | 6 included Additional $0.65 each |
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.
