Skip to main content

Fraud Alert: We are aware of a card fraud phone/text scam that is currently targeting UMassFive members. Learn More.


Co-op Advantage Checking


Discover the Advantage

With a competitive dividend rate and ATM fee refunds across the country, find out firsthand what makes our Co-op Advantage Checking Accounts so good.

Hero Image Full

Competitive Dividend Rate

Every month that you qualify, you'll earn 0.25% APY on your Co-op Advantage Checking Account.

Accounts that don't meet the monthly requirements will still earn our basic dividend rate, and as soon as you meet the requirements again, you'll automatically receive our rewards rate again.


Nationwide ATM fee refunds up to $10 per calendar month

We will never charge you for an ATM withdrawal, but other financial institutions might.

Make withdrawals with the peace of mind that you will get the money back at the end of the month, on us.

Qualifying is Simple.

There's no minimum balance, so whether you have $5 or $500, you will get the same great benefits from this checking account, every day.

All you need to do is meet these three requirements per month:

  • Make 12 Debit Card purchases 
  • Receive 1 Direct Deposit or ACH Auto Debit
  • Receive eStatements

Worried about not meeting the requirements?

It's no big deal. Any month that you don't qualify, all that will happen is your account will earn our basic dividend rate, ATM fees will not be refunded, and you can try again next month. We'll even send you an email every month so you can keep track of how you're doing.


Co-op Advantage Checking Rates

  Dividend Rate Annual Percentage Yield
For qualifying accounts with balances up to $15,000 0.25% 0.25%
On balances over $15,000 on qualifying accounts 0.10% 0.10%
If qualifications are not met 0.03% 0.03%



* Qualifying accounts with be refunded up to $10 each calendar month for any ATM fees imposed. To qualify for this refund, you must have at least 1 Direct Deposit or ACH Auto Debit to your share draft checking, enroll in eStatements through Online Banking, and make at least 12 debit card purchases.

** 0.25% Annual Percentage Yield (APY) Rewards Rate paid on accounts meeting above requirements with balances up to $15,000. 0.10% APY is paid each qualifying calendar month above $15,000. For any nonqualifying months, your account is a free checking account earning 0.03% APY; you will not receive ATM fee refunds for that month. Rates are subject to change. Offer limited to Co-op Advantage Checking Personal Accounts. No monthly service charge. Free Online Bill Pay. Fees could reduce the earnings on this account.