FDIC FDIC Insured – Backed by the full faith and credit of the US Government
FDIC FDIC Insured – Backed by the full faith and credit of the US Government
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We’re celebrating 5 years in New Bedford – to say thank you, we’re offering a special 5-Month Certificate of Deposit (CD).

This limited-time CD is designed to honor our milestone while giving your savings a boost. It’s simple, secure, and the perfect way to grow your money in just a few months.

5-5-5 CD Special (5 Years of Service, 5-Month CD, 5.00% APY*!)

  • Term: 5-Month CD
  • Rate: 5.00% APY*, Interest Rate: 4.89%
  • Branch Availability: New Bedford Only – 1238 Kempton Street, New Bedford, MA
  • Offer Dates: 10/8/25 – 10/15/25
  • Minimum Deposit to open/earn interest: $500.00
  • Maximum Deposit: $250,000 per customer.
  • Eligibility requirements:
    • Valid only on new MCB money. No current deposits.
    • Must have or establish a Mechanics Cooperative Bank checking account with recurring direct deposit of payroll or benefits.

*Annual Percentage Yield (APY) of 5.00% and Interest Rate of 4.89% effective 10/8/25 – 10/15/25; subject to change at any time. $500.00 minimum to open and earn interest. $250,000 max deposit per customer. New money only. Offer valid for Certificate of Deposit (CDs) and Individual Retirement Accounts (IRAs) opened at our New Bedford location – 1238 Kempton Street, New Bedford, MA. Account requires active Mechanics Cooperative Bank checking with direct deposit of payroll or benefits ($25 min to open Free Choice Checking). If there is no direct deposit within 45 days, CD reverts to standard 6-month/182-day CD rate of 4.00% APY / 3.93% Interest Rate. At maturity, CD will renew into 6-month/182-Day CD at prevailing rate. Withdrawals prior to maturity are subject to a fee equal to three (3) months interest on the amount withdrawn subject to penalty. Fees may reduce earnings. Offer may be withdrawn at any time.