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Savers Co-operative Bank


Savers Co-operative Bank is an FDIC insured institution headquartered at 270 Main St, Southbridge, MA 01550.
It was founded in 1910 and has approximately $1 billion in assets. Customers can open an account at one of its 7 branches.

Deposit Rates - April 22, 2025

SAVINGS RATES APY MIN
SAV
0.10% $10 Compare
CD RATES APY MIN
6 Mo CD
4.40% $2,500 Compare
7 Mo CD
4.72% $25,000 Compare
11 Mo CD
4.51% $25,000 Compare
12 Mo CD
0.66% $500 Compare
18 Mo CD
1.02% $500 Compare
24 Mo CD
1.28% $500 Compare
30 Mo CD
1.28% $500 Compare
36 Mo CD
1.69% $500 Compare
48 Mo CD
1.69% $500 Compare
60 Mo CD
2.05% $500 Compare
MM RATES APY MIN
Money Market
0.10% $10 Compare
Money Market
0.15% $50,000 Compare
Money Market
0.20% $150,000 Compare
Money Market
0.35% $500,000 Compare
VARIABLE IRA RATES APY MIN
VIRA
0.20% $5,000
VIRA
0.25% $10,000
INT CHECKING RATES APY MIN
INTCK
0.02% $500
INTCK
0.10% $250,000

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26455
Date Established 1910
Assets $ 770.17 million
Loans $ 585.36 million
Deposits $ 554.51 million
Capital $ 74.44 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 13.10 million
Interest-bearing balances $ 9.32 million
Total securities $ 125.79 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 585.36 million
Loan loss allowance $ 5.20 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.25 million
Goodwill and other intangibles $ 0.22 million
All other assets $ 27.08 million
     Total Assets $ 695.74 million

LIABILITIES
Total deposits $ 554.51 million
      Interest-bearing deposits $ 470.99 million
      Deposits held in domestic offices $ 554.51 million
      % insured (estimated)" 79.55%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 38.89 million
Subordinated debt N.A.
All other liabilities $ 5.75 millionn
      Total Liabilities $ 695.74 million
      Shareholders’ Equity $ 74.44 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 34.05 million
Total Interest Expense $ 15.31 million
Net interest income $ 18.75 million
Provision for loan and lease losses $ 0.22 million
Total non interest income $ 3.27 million
Total non interest expense $ 17.26 million
Pre-tax Net Operating Income $ 2.47 million

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