Bank · FDIC insured
Mechanics Cooperative Bank CD Rates
Mechanics Cooperative Bank’s best CD rate is 4.15% APY on a 27-month CD. Terms run from 3 months to 5 years. Rates checked October 15, 2026.
How Mechanics Cooperative Bank’s CD rates compare
Compared with banks and credit unions near Providence, RI-MA, where Mechanics Cooperative Bank has the most branches. $10,000, best rate first.
This bank’s best
Mechanics Cooperative Bank
4.15%APY
- Term
- 27 months
- Minimum
- $500
- Earns on $10,000
- $958
Certificates of Deposit
Top rate
Rhode Island Credit Union
4.80%APY
- Term
- 8 months
- Minimum
- $500
- Earns on $10,000
- $317
2nd-highest rate
Arise Financial
4.75%APY
- Term
- 36 months
- Minimum
- $500
- Earns on $10,000
- $1,494
Mechanics Cooperative Bank CD score
87
CD score
Higher than 80% of U.S. banks and credit unions
- 3–8 months3–8 mo3.85%
- 9–15 months9–15 mo4.00%
- 16–30 months16–30 mo4.15%
- 31–60 months31–60 mo3.25%
- QualifiedQualified4.15%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Mechanics Cooperative Bank ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Certificates of Deposit
Up to 4.15%APY · 13 terms
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 3 months | 3.00% | $74 |
| 6 months | 3.85% | $191 |
| 9 months | 1.00% | $75 |
| 10 monthsAutomatically renews into a 1 Year CD | 4.00% | $332 |
| 12 months | 1.00% | $100 |
| 14 monthsAutomatically renews into a 2 Year CD | 4.00% | $468 |
| 18 months | 1.50% | $226 |
| 24 months | 2.00% | $404 |
| 27 monthsAutomatically renews into a 30 Month CD | 4.15% | $958 |
| 30 months | 2.00% | $508 |
| 36 months | 2.50% | $769 |
| 36 monthsVariable rate. Allows customer to make deposits at any time without affecting maturity date. One penalty free withdrawal allowed per quarter of funds on deposit longer than 7 days. Rate may change after opening | 0.25% | $75 |
| 48 months | 3.00% | $1,255 |
| 60 months | 3.25% | $1,734 |
| 60 monthsRequires Premier Choice Checking Account. Monthly interest credited into Premier Choice Checking. If conditions not met, APY reduced to current 5 Year CD rate or opening/renewal rate, whichever lower | 3.25% | $1,734 |
Sources (3)
- mechanics.bank/about-us/schedule-of-rates-fees
- mechanics.bank/personal/deposit-rates
- mechanics.bank/wp-content/uplo…chedule_ratesandfees.pdf
All captured Oct 5, 2026
Special-purpose accounts
IRA Certificates of Deposit
Up to 4.00%APY · 9 terms
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 6 months | 3.85% | $191 |
| 10 monthsAutomatically renews into a 1 Year CD | 4.00% | $332 |
| 12 months | 1.00% | $100 |
| 14 monthsAutomatically renews into a 2 Year CD | 4.00% | $468 |
| 18 months | 1.50% | $226 |
| 24 months | 2.00% | $404 |
| 36 months | 2.50% | $769 |
| 36 monthsVariable rate. Allows customer to make deposits at any time without affecting maturity date. One penalty free withdrawal allowed per quarter of funds on deposit longer than 7 days. Rate may change after opening | 0.25% | $75 |
| 48 months | 3.00% | $1,255 |
| 60 months | 3.25% | $1,734 |
Sources (3)
- mechanics.bank/about-us/schedule-of-rates-fees
- mechanics.bank/personal/deposit-rates
- mechanics.bank/wp-content/uplo…chedule_ratesandfees.pdf
All captured Oct 5, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.