There is more to interest than just rates. 

Reading Co-operative Bank pays very competitive rates for all our products.  But beyond the interest we pay you, we are also proud of the interest we show you.  Reading Co-operative Bank, incorporated in 1886, is a progressive, one-stop, multi-branch, full-service financial institution for both personal and commercial banking.

The Reading Co-operative Bank was founded just after the end of the first decade of co-operative banking in the commonwealth. That banking system was revolutionary for its time: to enable the workingman to purchase home. Larger banks loaned substantial sums to businesses and people of prominence and means; the little man was unable to compete successfully for mortgage money in such a market.

The banks’ original commitment to the “workingman” has never changed; people continue to come to the Reading Co-operative Bank for home mortgages, home improvement, and other loans which help 21st-century working people live better lives. One of the first loans was given in 1887 to a woman. Throughout the Reading Co-operative Bank’s history, women have always had ready and equal access to loans. Mortgages continue to be the backbone of the bank, weathering widely divergent interest-rate fluctuations, recessions, inflation, and economic boom.

We offer you all the latest banking products at very competitive rates. Our technology is second to none, and friendly, professional, personal service is our top priority. 

Perhaps most important, we understand what banking is all about. 

We appreciate that for you it’s not just about money. It’s what the money means to you. The pride of sending your kids to college. The independence of driving a new car. The control of running your own business. The freedom of owning your own home. So whether you bank with us in person or online, we will do our best to provide you with exactly the right solutions for your individual goals. 

Your money is safe at Reading Co-operative Bank. 

No depositor in any Co-operative bank in the Commonwealth of Massachusetts has ever lost a dollar. All deposits are insured in full. At least $250,000 per depositor is insured through the Federal Deposit Insurance Corporation (FDIC). Additional insurance for the total balance and interest is provided by the Share Insurance Fund (SIF) of the Co-operative Central Bank.

Read about our Corporate Values. 

Check out this comprehensive list of Frequently Asked Questions about Reading Co-operative Bank.