Bank · FDIC insured
Mechanics Cooperative Bank Savings Rates
Mechanics Cooperative Bank’s best savings rate is 0.10% APY on $10,000, with its Personal Money Market. Rates checked October 15, 2026.
How Mechanics Cooperative Bank’s savings 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
0.25%APY
- Requires
- Another account
- Minimum
- $10
- Earns on $10,000 a year
- $25
Premier Choice Savings
Top rate
St. Anne's Credit Union
4.95%APY
- Requires
- None
- Minimum
- $2,500
- Earns on $10,000 a year
- $495
2nd-highest rate
Alltrust Credit Union
4.00%APY
- Requires
- Monthly account activity
- Minimum
- $25
- Earns on $10,000 a year
- $400
Mechanics Cooperative Bank savings score
69
Savings score
Higher than 25% of U.S. banks and credit unions
- $1,000 balance$1,0000.10%
- $10,000 balance$10,0000.10%
- $100,000 balance$100,0002.50%
- QualifiedQualified0.25%
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 savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Personal Money Market
0.10%APY
Variable rate account. Monthly service fee of $27 waived if $500 daily balance is maintained. Interest is paid on the full balance in the account at the corresponding tier rate. Six not-in-person transactions allowed per cycle.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $100 | 0.00% | — |
| $100 – $25,000 | 0.10% | $10 |
| $25,000 – $100,000 | 1.00% | — |
| $100,000 – $250,000 | 2.50% | — |
| $250,000 – $1,000,000 | 3.00% | — |
| $1,000,000 – $2,500,000 | 3.50% | — |
| $2,500,000 and up | 4.05% | — |
Premier Choice Savings
0.25%APY
Must be linked to/maintain a Premier Choice Checking account ($25 min to open; $5,000 min balance to avoid $27 monthly service fee). $5.00 monthly service fee waived if $200 daily balance is maintained.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $100Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. | 0.00% | — | Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. |
| $100 – $10,000Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. | 0.10% | — | Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. |
| $10,000 – $25,000Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. | 0.25% | $25 | Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. |
| $25,000 – $50,000Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. | 0.70% | — | Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. |
| $50,000 – $100,000Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. | 1.25% | — | Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. |
| $100,000 and upRequires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. | 3.00% | — | Requires Premier Choice Checking account. Monthly fee waived with $200.00 daily balance. |
e-Choice Savings
0.10%APY
e-Statements required. $5.00 monthly service fee waived if $200 daily balance and e-Statement enrollment are maintained.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upMinimum balance to earn interest/APY is $100.00. e-Statement enrollment and $200.00 daily balance required to avoid monthly service fee.$100 and up | 0.10% | $10 | Minimum balance to earn interest/APY is $100.00. e-Statement enrollment and $200.00 daily balance required to avoid monthly service fee. |
Classic Savings
0.05%APY
Passbook only. Present passbook in-person at a branch to make withdrawals/transfers. $5.00 monthly service fee waived if $200 daily balance is maintained (or for designated 18/65 qualifying accounts).
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upMinimum balance to earn interest/APY is $100.00. Monthly fee waived with $200.00 daily balance or if designated as 18/65 Qualified Account.$100 and up | 0.05% | $5 | Minimum balance to earn interest/APY is $100.00. Monthly fee waived with $200.00 daily balance or if designated as 18/65 Qualified Account. |
Statement Savings
0.05%APY
$5.00 monthly service fee waived if $200 daily balance is maintained (or for designated 18/65 qualifying accounts).
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upMinimum balance to earn interest/APY is $100.00. Monthly fee waived with $200.00 daily balance or if designated as 18/65 Qualified Account.$100 and up | 0.05% | $5 | Minimum balance to earn interest/APY is $100.00. Monthly fee waived with $200.00 daily balance or if designated as 18/65 Qualified Account. |
Special-purpose accounts
Christmas Club
0.05%APY
Passbook only. Early withdrawal fees may apply.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $10 and upMinimum balance to earn interest/APY is $10.00.$10 and up | 0.05% | $5 | Minimum balance to earn interest/APY is $10.00. |
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
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