Personal Banking

Personal Savings Accounts

Instant access to your savings, and peace of mind.

Every penny counts, no matter what your savings goal may be. You can sit back and relax with the knowledge that your money is safe and your balance is continuing to grow.

Please Note:  All savings accounts are insured in full. The first $250,000 is insured by the Federal Deposit Insurance Corporation (FDIC). All excess insurance is provided by the Depositors Insurance Fund (DIF).

Our Advantages

eLife Savings Account

eLife Savings is a companion savings account. When linked to an eLife Checking or Student Life Checking account, you will earn a premium rate of interest on the balance in your eLife Savings account up to the first $2,000 and a competitive rate of interest on any account balance over $2,000. Plus, your new savings account will be automatically linked to your existing eStatement profile, so you’ll receive environmentally-friendly monthly eStatements and have easy access through your existing online banking login.

 

  • Competitive rates
  • Either an eLife Checking or Student Life Checking account is required in order to open and maintain an eLife Savings account
  • Only 1 eLife Savings account is allowed per customer
  • Minimum deposit of $10 is required to open the account
  • No minimum balance requirement and no monthly service charge
Open one today

Statement Savings

This account offers you the peace of mind of immediate access to your savings with your TCB ATM card at any TCB ATM and at all other locations displaying the SUM®, CIRRUS®, or NYCE® emblems.

  • Minimum deposit of $10 is required to open the account
  • Earn interest on all balances over $10
  • $3.00 monthly maintenance fee waived with minimum daily balance of $100, or for persons under 18 or over 65 years of age
  • Convenient monthly statement detailing all account activity
Open one today!

Christmas Club Savings

An account to help you save for end-of-year shopping, TCB has designed this special savings account. This is a great, disciplined way to save to make holiday wishes come true.

  • Minimum deposit of $10 is required to open the account
  • Deposits made and monies earned through the end of October are disbursed in the form of a check
Open one today

Money Market & CDs

Bigger balance, better rate

Maintain a balance of $2,500 to earn interest and avoid a monthly maintenance fee. Your rate of return increases as your account balance increases, with higher interest rates offered at $10,000, $25,000, $50,000, and $100,000.

For the latest money market rates, please contact a branch.

A certificate of deposit (CD) is a low-risk savings tool that can boost the amount you earn in interest while keeping your money invested safely. CDs are considered low risk because they are FDIC-insured up to $250,000.

 

  • $500 opening deposit
  • $2,500 minimum daily balance is required to avoid a monthly maintenance fee
  • $10 monthly maintenance fee if the daily balance falls below $2,500
  • Account will be automatically linked to existing eStatement profile
  • Transaction limitations: transfers

Certificates of Deposit 1 Effective 08-05-2022

Program Minimum Daily Balance to earn APY (2) APY (2) Interest Rate Minimum Deposit to Open Account
** 7 Month Special $1,000 0.85% 0.84% $1,000
9 Month $2,500 0.40% 0.40% $2,500
12 Month $1,000 0.35% 0.35% $1,000
**15 Month Special $1,000 1.30% 1.29% $1,000
**21 Month Special $1,000 1.75% 1.74% $1,000
24 Month $1,000 0.50% 0.50% $1,000
36 Month $1,000 0.50% 0.50% $1,000
60 Month $1,000 0.50% 0.50% $1,000
** 7 Month Special
  • Minimum Daily Balance to earn APY (2) $1,000
  • APY (2) 0.85%
  • Interest Rate 0.84%
  • Minimum Deposit to Open Account $1,000
9 Month
  • Minimum Daily Balance to earn APY (2) $2,500
  • APY (2) 0.40%
  • Interest Rate 0.40%
  • Minimum Deposit to Open Account $2,500
12 Month
  • Minimum Daily Balance to earn APY (2) $1,000
  • APY (2) 0.35%
  • Interest Rate 0.35%
  • Minimum Deposit to Open Account $1,000
**15 Month Special
  • Minimum Daily Balance to earn APY (2) $1,000
  • APY (2) 1.30%
  • Interest Rate 1.29%
  • Minimum Deposit to Open Account $1,000
**21 Month Special
  • Minimum Daily Balance to earn APY (2) $1,000
  • APY (2) 1.75%
  • Interest Rate 1.74%
  • Minimum Deposit to Open Account $1,000
24 Month
  • Minimum Daily Balance to earn APY (2) $1,000
  • APY (2) 0.50%
  • Interest Rate 0.50%
  • Minimum Deposit to Open Account $1,000
36 Month
  • Minimum Daily Balance to earn APY (2) $1,000
  • APY (2) 0.50%
  • Interest Rate 0.50%
  • Minimum Deposit to Open Account $1,000
60 Month
  • Minimum Daily Balance to earn APY (2) $1,000
  • APY (2) 0.50%
  • Interest Rate 0.50%
  • Minimum Deposit to Open Account $1,000

Open a CD Today

  1. Penalties may be imposed for early withdrawals
  2. Annual Percentage Yields (APYs) effective 08/05/2022 and are subject to change at any time without notice. Annual Percentage Yield is based on monthly compounding of interest. Fees may reduce earnings.

**APY =Annual Percentage Yield effective 08/05/2022. Maximum balance $1,000,000. You must maintain a minimum balance of $1,000 in the CD account to obtain the disclosed APY. Minimum amount to open an account $1,000. Opening deposit must be funded with money not currently on deposit with The Cooperative Bank. Annual Percentage Yield is based on monthly compounding of interest. This account will automatically renew at maturity. Each renewal term will be 12-months. The interest rate will be the same as we offer on a new 12-month time deposit on the maturity date, minimum balance (if any) and other features of the 12-month time deposit. Maximum online account opening $50,000. Accounts with higher balances will need to be opened at a branch office. Rates are subject to change at any time without notice. Fees may reduce earnings. A penalty is imposed for early withdrawal from a certificate of deposit (CD) account. Personal deposits only.

SEE TERMS AND CONDITIONS OF YOUR ACCOUNT DISCLOSURE FOR ADDITIONAL ACCOUNT INFORMATION

Meet the Team

Headshot of Khepra Moscillo View Bio

Khepra Moscillo
AVP, Area Manager
Brunna Cunha View Bio

Brunna Cunha
Branch Operations Manager, West Roxbury
Headshot of Tom Coots View Bio

Tom Coots
AVP, Branch Manager, Charlestown
Headshot of Janet Galloway View Bio

Janet Galloway
Branch Operations Manager, Jamaica Plain
Meet the Whole Team
Headshot of Khepra Moscillo

Khepra Moscillo

AVP, Area Manager
NMLS: 1300729
I’m proud to be a part of TCB because we are focused on serving the neighborhoods where our customers live and work. We support local business, charities, and Main Street organization in our communities.

Khepra has over 24 years of banking experience—and has worked across all of TCB’s locations throughout her 16 years with the bank. In her current role as AVP, she held a prominent role in the opening and development of our TCB’s new Jamaica Plain branch. She enjoys being part of the communities that TCB serves and building long-lasting personal relationships with customers. Khepra currently serves as a board member for the Parkway YMCA and the Roslindale Village Main Streets. She is also a member of Kiwanis International, the Parkway Rotary, and West Roxbury Business Professionals.

Brunna Cunha

Brunna Cunha

Branch Operations Manager, West Roxbury
NMLS: 1810205
I love working with a community bank—from the moment they step through our doors, every customer is given the same level of personal and attentive service.

Brunna is the branch operations manager at the West Roxbury branch. She joined TCB in 2019, and has over 12 years of customer service experience. She was born in Brazil and is fluent in two languages. A frequent traveler, Brunna has learned the value of patience and good communication. Stop by the West Roxbury branch to meet her, and learn more about our personal banking services.

Headshot of Tom Coots

Tom Coots

AVP, Branch Manager, Charlestown
NMLS: 523111
We treat customers like we want to be treated—with respect, professionalism, and kindness. We create a relationship and forge a bond that cannot be broken.

Tom has 30 years of banking experience in the Boston area that he brings to his role of Branch Manager in the Charlestown Office. Having held every position from teller to manager, Tom has a hands-on approach when working with staff and customers alike. Tom holds a bachelor’s degree in Office Administration with a minor in Accounting from Salem State College, as well as a Certificate in Banking from the New England School of Banking at Williams College. He holds a seat on many local boards and committees, including the Charlestown Historical Society, the Bunker Hill Monument Association, Friends of Ryan “Duce” Morrissey Scholarship Foundation, and the Friends of Memorial Hall Veterans.

Headshot of Janet Galloway

Janet Galloway

Branch Operations Manager, Jamaica Plain
NMLS: 1868251
I love working at a community bank because we take the time to learn about our customers and build strong relationships.

Janet has been in banking for nearly 20 years. Since arriving at TCB in 2006, she had been in several roles. Starting as a head teller, she is now the Branch Operations Manager in Jamaica Plain. Janet has also worked in the West Roxbury and Roslindale branches. As the Branch Operations Manager at Jamaica Plain, she can help assist you across a variety of services—from opening and closing accounts, online banking, applying for home loans, and more.

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