National Cooperative Bank
Online Savings Account - 4.30% APY

• The interest rate on your account is 0.65% with an annual percentage yield of 0.65%.
• The rate and annual percentage yield is fixed until the first maturity of the CD.
• Interest will credit at the end of each quarter and compound daily.
• Must deposit $2500.00 to open this account.
• Must maintain a minimum balance of $2,500.00 in the account each day to obtain the annual percentage yield disclosed.
• Interest can be withdrawn before maturity.
• A penalty will be imposed for withdrawals before maturity. The penalty on a 12 month Impact CD is an amount equal to 6 months’ worth of interest calculated.


Fee and Feature Guide

Savings Account
Interest Rate
APY 4.30%
Term Length 12 Month
Minimum deposit amount $2,500.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $2,500.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $2,500.00
Minimum To Earn $0.00
Fees
Monthly Maintenance Fee N/A
Foreign ATM Fees $3.00
Insufficient Funds Fee $35.00
Incoming Wires $25.00
Statements
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.



Recent Rate Changes



Date APY
September 20, 2024 4.30%
August 21, 2024 5.18%
October 13, 2023 5.02%
August 20, 2023 5.18%


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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