At Cape Cod Cooperative Bank, we want to help you meet your financial  goals, no matter how big or small. We offer a variety of saving accounts to fit a variety of needs.
Regular Savings
Low opening deposit!
- Minimum balance to earn interest: $10
- Variable interest compounded monthly (See rates)
- Available in both statement savings and passbook forms
- No monthly service charges
- No charges or penalties for withdrawals
- One free bank check/money order per day when drawn from your savings account
- Bank-by-mail services available
- Free 24-hour banking via Online Banking and TeleBank*
- Link statement savings to an ATM card for ATM transactions
- Combined monthly statement available with Cape Cod Cooperative checking account
* Not available with passbook accounts. Federal regulations allow a maximum of six pre-authorized transfers per calendar month, including electronic transfers.
Super Saver Account
Tiered to earn higher interest!
If you want to maintain a high balance in order to earn a higher yield, chances are this savings account is right for you.
- Minimum balance to earn interest: $10
- Balances of $10,000 and higher earn higher interest!
- Variable interest compounded monthly
- Rates are tiered for higher yield with higher balances (See rates)
- Available in both statement savings and passbook forms
- No monthly service charges
- No charges or penalties for withdrawals
- Interest available in check form, as credit to another account, or left to accrue in the account
- Bank-by-mail services available
- Free 24-hour banking via Online Banking and Telebank*
- Statement savings can be linked to an ATM card for ATM transactions
- Account entitles you to waive monthly maintenance fees on a Cape Cod Cooperative Checking Account
* Not available with passbook accounts. Federal Regulations allow a maximum of six pre-authorized transfers per calendar month, including electronic transfers.
This tiered rate money market account* for our CapeLife customers earns a higher rate of interest, yet gives you total liquidity of your funds! Write up to 6 checks per month1 from your CapeLife Money Market and save automatically with "Self-Pay", the optional feature that automatically moves money once a week or once a month from your CapeLife Checking Account to your CapeLife Money Market Account.
Click Here for current rates.**
*To qualify for these rates you must be a CapeLife Accountsm customer. CapeLife Customers must have or open a Cape Cod Cooperative Interest Bearing NOW Account, then combine balances from this account with any Cape Cod Cooperative Savings, Super Savings, Money Market, Consumer Loan, Home Equity Loan, or Mortgage and maintain a combined monthly average minimum account balance of $15,000.
**Annual Percentage Yields (APYs) are subject to change without notice. Not eligible for IRA accounts.
1 Federal Regulations allow a maximum of six pre-authorized transfers per calendar month, including electronic transfers and checks.
Certificates of Deposit (CDs)
Secure long & short term savings!
A CD from Cape Cod Cooperative Bank can provide you with a safe and stable way to save your money. Our CDs offer fixed rates and a wide variety of term lengths to help you meet your short or long term financial goals.
- Minimum opening balance: $500 (unless otherwise stated)
- Terms from 3 months to 5 years (see rates)
- Interest compounded monthly
- May be opened by mail (by existing customers)
- No set-up charges or service fees
- Penalty for early withdrawal of principal (no penalty for withdrawing interest)
- Monthly interest can be added to the CD, deposited into another account, or paid out by check
Christmas Club Save for the holidays!
This is the perfect way to save for those holiday purchases. Simply make scheduled deposits to this interest-bearing account, and you’ll be automatically issued a check on the first business day in November.
- Minimum balance to earn interest: $10
- Variable interest compounded monthly
- Variable deposits allowed (no pre-determined amount required)
- Offers automatic transfer from another account
- Bank-by-mail services available
- No withdrawals allowed (except for closing the account)
- Account may be closed at any time without penalty and without notice
Individual Retirement Accounts (IRAs)
Smart savings for your retirement!
It's never too early or too late to start saving for your retirement. At Cape Cod Cooperative Bank, we offer a Traditional IRA and the Roth IRA, both of which offer potential tax advantages. Come talk with one of our IRA Specialists for more information.
Traditional IRAs allow you to defer taxes on your earnings until they are withdrawn. In addition, certain contributions are tax deductible in the tax year for which they are made.
The Roth IRA is non-tax deductible for contributions, but features tax-free withdrawals after age 59 1/2 or for certain distribution reasons after a 5-year holding period.
Benefits include:
- IRAs can be invested in a CD, a regular statement savings account, or a statement super savings account
- All interest rates and minimum balance requirements are the same as regular CD rates. (See rates)
- A $25 annual maintenance fee per plan could reduce earnings
- No set up fees or monthly charges
- No fees for incoming or outgoing transfers
- Offers ability to redirect investments annually without penalty to gain the highest possible yield
| Account Features | CapeLife Money Market Plus | Statement Savings Account | Super Saver Tiered Statement Savings Account |
| Available To | CapeLife NOW Checking Account Customers | All Customers | All Customers |
| Monthly Fee | No | No | No |
| Minimum Balance to Earn Interest | $10 | $10 | $10 - Rates are tiered based on average balance |
| Free Money Order or Official Check | Yes | Yes | Yes |
| Monthly Statement | Yes-Combined | Yes | Yes |
| Free Online Banking | Yes1 | Yes1 | Yes1 |
| Free 24-Hour Access Line | Yes1 | Yes1 | Yes1 |
| No Annual Fee MasterMoney Debit/ATM Card | Yes2 | Yes1 | Yes1 |
| Check-writing capability from the account | Yes1 | No | No |
1Federal Regulations allow a maximum of six pre-authorized transfers per calendar month, including electronic transfers and checks.
2An ATM card can be linked to any statement savings account for ATM transactions only.
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Equal Housing Lender. Member FDIC. Member SIF.