Savings

Savings plans as diverse as our communities

Whether you're saving Washingtons, Benjamins or anything in between, we’ve got a savings plan that will work for you

Click here for CD and IRA Rates

Product

Interest Rate

Annual Percentage Yield 1

Minimum Balance
To Open Account

Minimum Daily Balance to Earn APY

6 Month (182 Days)

0.10%

0.10%

$500.00

Bal. $500.00 & More

1 Year

0.25%

0.25%

$500.00

Bal. $500.00 & More

2 Year

0.40%

0.40%

$500.00

Bal. $500.00 & More

2 Year - No Penalty after 12 Mo.

0.30%

0.30%

$500.00

Bal. $500.00 & More

3 Year

0.75%

0.75%

$500.00

Bal. $500.00 & More

3 Year Variable (Prime-2.25%)

3.25%

3.30%

$500.00

Bal. $500.00 & More

4 Year

0.90%

0.90%

$500.00

Bal .$500.00 & More

4 ½ Year Variable (Prime-2.25%)

3.25%

3.30%

$500.00

Bal. $500.00 & More

5 Year

1.04%

1.05%

$500.00

Bal. $500.00 & More

1 Annual Percentage Yield (APY) accurate as of date stated below. All rates, except fixed rate certificates of deposit, are variable and subject to change without notice after the account is opened. You must maintain the minimum daily balance listed in the account disclosure, if any, to earn the advertised APY. Fees and withdrawal may reduce earnings on accounts. A penalty may be imposed for early withdrawal from Certificates of Deposit. APY results when interest is left on deposit to compound daily on a basis of 365/365 days. All deposits are FDIC insured to at least $250,000. SIF insures all additional deposits.

 

Rates current as of January 2, 2019.

Click here for Savings Account Rates

Product

Interest Rate

Annual Percentage Yield*

Minimum Balance
To Open Account

Minimum Daily Balance to 
Earn APY

Green Online Savings1,2

0.01%

0.01%

$10.00

Bal.>$9.99 and <$50,000.00
Bal.>$49,999.99 and <$100,000.00
Bal.>$99,999.99 and <$200,000.00
Bal.>$200,000.00 and More

Online Christmas Savings1,2

0.01%

0.01%

$10.00

Bal. ≥ $10.00

Online Vacation Savings1,2,3

0.01%

0.01%

$10.00

Bal. ≥ $10.00

Passbook Savings1

0.01%

0.01%

$10.00

Bal.>$9.99 and <$50,000.00

Bal.>$49,999.99 and <$100,000.00

Bal.>$99,999.99 and <$200,000.00

Bal.>$200,000.00 and More

Student Statement Savings1

0.01%

0.01%

$10.00

Bal. >$9.99 and more

Student Passbook Savings!

0.01%

0.01%

$10.00

Bal. >$9.99 and more

 

1Annual Percentage Yield (APY) accurate as of date stated below. All rates are variable and subject to change without notice and may change after account opening. You must maintain the minimum daily balance listed in the account disclosure, if any, to earn the advertised APY. Fees and withdrawal may reduce earnings on accounts. The minimum daily balance tiers to earn the APY stated on this rate sheet reflect the full tier balance ranges for each appropriate tier for the green online savings. APY results when interest is left on deposit to compound daily on a basis of 365/365 days. All deposits are FDIC insured to at least $250,000. SIF insures all additional deposits.

.2Online Products – Personal accounts only. eStatements and Online Banking are required.

.3Vacation Savings requires a minimum $25/month transfer from a Reading Cooperative Bank checking or statement savings account to obtain the stated Annual Percentage Yield (APY). Vacation Savings has a minimum term of 4 months and must pay-out or roll over in 12 months or less.

.Rates current as of January 2, 20189

Click here for Money Market Rates

Tiers

Interest Rate

Annual Percentage Yield*

Minimum Balance
To Open Account

Minimum Balance
to Earn APY

Under $2,500

0.05%

0.05%

$10.00

Bal.>$9.99 and <$2,500.00

$2,500 - $9,999.99

0.05%

0.05%

$10.00

Bal.>$2,499.99 and <$10,000.00

$10,000 - $24,999.99

0.10%

0.10%

$10.00

Bal.>$9,999.99 and <$25,000.00

$25,000 - $49,999.99

0.10%

0.10%

$10.00

Bal.>$24,999.99 and <$50,000.00

$50,000 - $99,999.99

0.125%

0.125%

$10.00

Bal.>$49,999.99 and <$100,000.00

$100,000 & Over

0.15%

0.15%

$10.00

Bal. $100,000 & More

 

*Annual Percentage Yield (APY) accurate as of the date stated below. All rates, except fixed rate certificates of deposit, are variable and subject to change without notice and may change after account opening for each variable rate account. You must maintain the minimum daily balance listed in the account disclosure, if any, to earn the advertised APY. Fees and withdrawal may reduce earnings on accounts. The minimum daily balance tiers to earn the APY stated on this rate page reflect the full tier balance ranges for each appropriate tier. APY results when interest is left on deposit to compound daily on a basis of 365/365 days. All deposits are FDIC insured to at least $250,000. SIF insures all additional deposits.

Rates current as of January 2, 2019.

Click here for Health Savings Rates

Tiers

Interest Rate

Annual Percentage Yield*

Minimum Balance
To Open Account

Minimum Balance
to Earn APY

Under $2,500

0.05%

0.05%

$10.00

Bal.>$9.99 and <$2,500.00

$2,500 - $4,999.99

0.05%

0.05%

$10.00

Bal.>$2,499.99 and <$5,000.00

$5,000 - $9,999.99

0.10%

0.10%

$10.00

Bal.>$4,999.99 and <$10,000.00

$10,000 - $99,999.99

0.10%

0.10%

$10.00

Bal.>$9,999.99 and <$100,000.00

$100,000 & Over

0.15%

0.15%

$10.00

Bal. $100,000 & More

 

*Annual Percentage Yield (APY) accurate as of the date stated below. All rates, except fixed rate certificates of deposit, are variable and subject to change without notice and may change after account opening for each variable rate account. You must maintain the minimum daily balance listed in the account disclosure, if any, to earn the advertised APY. Fees and withdrawal may reduce earnings on accounts. The minimum daily balance tiers to earn the APY stated on this rate page reflect the full tier balance ranges for each appropriate tier. APY results when interest is left on deposit to compound daily on a basis of 365/365 days. All deposits are FDIC insured to at least $250,000. SIF insures all additional deposits.

 

Rates current as of Januasry 2, 2019.

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Click here for the small print: * ** *** 2

*as an alternative to a personal loan, you may borrow against your passbook savings account.

**online access for a Passbook Account is limited to viewing history and making online transfers into a Passbook Account. Withdrawals and transfers out of the account should be made with a Banking Specialist at an RCB branch.

***Vacation Savings requires a minimum $25/month transfer from a Reading Cooperative Bank checking or statement savings account to obtain the stated Annual Percentage Yield (APY). Vacation Savings has a minimum term of 4 months and must pay-out or roll over in 12 months or less. Transfers available, please ask a banking specialist for a copy of the terms and conditions for account details.

¹Surcharges may be assessed by other institutions for the use of their ATM. Surcharges can be avoided by choosing MoneyPass ATMs designated with a decal on or near the exterior of the ATM. 

²Additional fees apply for this service. Please refer to the Personal Account Fee Disclosure for details.

Download our Personal Fee Disclosure