National Cooperative Bank
Online Savings Account - 2.53% APY

• $0-$9,999: Interest Rate 0.60% Annual Percentage Yield 0.60%
• Interest will credit on the last day of the month and compound daily.
• Must deposit $100.00 to open this account.
• To avoid a monthly account maintenance service charge a fee of $25.00 will be imposed on the last day of the cycle if the average monthly balance in the account falls below $5000.00.
• Must maintain a minimum balance of $0.01 in the account each day.
• An excessive transaction withdrawal fee of 1.00 will be assessed to the account for each withdrawal, ATM/Debit card withdrawal, preauthorized or automatic withdrawals/transfers over 4 per month.

Fee and Feature Guide

Savings Account
Interest Rate
APY 2.53%
Minimum deposit amount $5,000.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $100.00
Minimum Balance to Avoid Fees $5,000.00
Minimum Required Balance $0.00
Monthly Maintenance Fee $25.00
Foreign ATM Fees $3.00
Insufficient Funds Fee $35.00
Incoming Wires $25.00
Paper Statements Yes
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking Yes
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay Yes
Online Bill Payments Required Yes
Account Opening
Open Online Yes
Insured by F.D.I.C.

Customer Reviews for National Cooperative Bank

  • June 1, 2021 |

    Update: STAY AWAY FROM THIS BANK! They have no clue how to run an online bank. This bank is not ready for prime time. Nothing but problems. Customer service is dismal at best.

  • November 2, 2020 |

    WARNING! I just opened a new account and at this time you CANNOT transfer or withdraw your funds via ACH through them. You may use an external bank's ACH to withdraw, however. No where on their website is this stated. I was told NCB is working to enable ACH transfers but no can do now. This is insane! Obviously NCB is not ready for prime time.

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