Enterprise Bank (MA)

Overview / Commentary
222 Merrimack Street
Lowell, MA 01852

Enterprise Bank (MA) is headquartered in Lowell and is the 13th largest bank in the state of Massachusetts. It is also the 288th largest bank in the nation. It was established in 1989 and as of June of 2022, it had grown to 590 employees at 27 locations. Enterprise Bank (MA)'s CD rates are 67% higher than the national average, and it has an A health rating.

Reviews (2)

Very Disappointing

Posted by: |

Very disappointing bank because they are way behind with the online banking. Very difficult bank to work with online banking. Must go thru many hoops and whistles to sign up for something that is a must in today's modern world. I will say thier customer service was good and they are prompt to answer all questions and concerns courtesly. They seem very old school in that they push check writing and check deposit slips over ATM cards. I found this quite odd. Even with all this though I do recommend them because the staff is very friendly and will do thier best to answer all questions to help the custiomer. I just wish their was a much easier way to sign up for their online banking and ATM cards. This would be a plusd.

Would Not Recommend

Posted by: |

Enterprise Banks online system is horrible, it's completely outdated compared to most other banks. The apps constantly won't let you login due to server and maintenance issues and then lock you out of your accounts for too many attempts. I'll be changing banks for this reason.


Health Grade Components

FDIC Certificate #27408
Year Established1989
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD10.7%
Annual Interest Income$73.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$4.42B$4.43B
LoansQ2 2022vs Q2 2021$3.03B$2.91B
DepositsQ2 2022vs Q2 2021$4.02B$3.97B
Equity CapitalQ2 2022vs Q2 2021$343.8MM$399.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$50.7MM$50.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$6.3MM$31.9MM
Real Estate OwnedQ2 2022vs Q2 2021$0$2.4MM
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Always verify rates and promotions with the bank or credit union. We are not Enterprise Bank (MA); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Enterprise Bank (MA) Savings Account Rates

0.01%$1-IRA Savings
0.01%$250-Silver Savings
0.01%$250-55 Plus Savings
0.01%--Enterprise Student Savings

Enterprise Bank (MA) Money Market Rates

0.30%*$500k*-Emerald Money Market - Bonus Rate
OTHER TIERS: 0.01% Up to $10k | 0.05% $10k - $25k | 0.10% $25k - $100k | 0.20% $100k - $500k
0.20%*$2m*-Premier Business Money Market
OTHER TIERS: 0.01% $1 - $25k | 0.05% $25k - $50k | 0.10% $50k - $500k | 0.15% $500k - $2m
0.20%*$1m*-Gold Money Market
OTHER TIERS: 0.01% $1 - $10k | 0.05% $10k - $25k | 0.10% $25k - $500k | 0.15% $500k - $1m
0.20%*$1m*-Emerald Money Market
OTHER TIERS: 0.01% $1 - $10k | 0.05% $10k - $25k | 0.10% $25k - $500k | 0.15% $500k - $1m
0.10%*$500k*-Silver Money Market
OTHER TIERS: 0.01% $1 - $10k | 0.05% $10k - $500k

Enterprise Bank (MA) Checking Account Rates

0.01%$5k-Emerald Checking
0.01%$750-Gold Checking
0.01%$750-Silver Interest 22/55 Checking
0.01%--Military Checking
0.01%$750-Interest Checking

Enterprise Bank (MA) CD Rates

2.00%$500-48 Month CD
2.00%$500-Business 48 Month CD
2.00%$500-Business 60 Month CD
2.00%$500-Business 72 Month CD
2.00%$500-60 Month CD
2.00%$500-72 Month CD
1.75%$500-24 Month CD
1.75%$500-Business 24 Month CD
1.75%$500-Business 30 Month CD
1.75%$500-30 Month CD
1.75%$500-36 Month CD
1.75%$500-Business 36 Month CD
1.60%$500-18 Month CD
1.60%$500-Business 18 Month CD
1.50%$500-12 Month CD
1.50%$500-Business 12 Month CD
0.85%$2.5k-6 Month CD
0.85%$2.5k-Business 6 Month CD
0.85%$2.5k-9 Month CD
0.50%$2.5k-3 Month CD
0.50%$2.5k-Business 3 Month CD

Enterprise Bank (MA) IRA Rates

2.00%$500-48 Month IRA
2.00%$500-60 Month IRA
2.00%$500-72 Month IRA
1.75%$500-24 Month IRA
1.75%$500-30 Month IRA
1.75%$500-36 Month IRA
1.60%$500-18 Month IRA
1.50%$500-12 Month IRA
0.85%$2.5k-6 Month IRA
0.85%$2.5k-9 Month IRA
0.50%$2.5k-3 Month IRA


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