Enterprise Bank (MA)


Overview / Commentary
978-459-3939
222 Merrimack Street
Lowell, MA 01852

Enterprise Bank (MA) is headquartered in LOWELL and is the 12th largest bank in the state of Massachusetts. It is also the 289th largest bank in the nation. It was established in 1989 and as of June of 2024, it had grown to 573 employees at 27 locations. Enterprise Bank (MA)'s CD rates are 2X the national average, and it has an A health rating.

Reviews (1)

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Enterprise Banks online system is horrible, it's completely outdated compared to most other banks.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

Health Grade Components

Overall
FDIC Certificate #27408
Year Established1989
Employees573
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD10%
Annual Interest Income$111.1MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$4.77B$4.5B
LoansQ2 2024vs Q2 2023$3.71B$3.29B
DepositsQ2 2024vs Q2 2023$4.25B$4.08B
Equity CapitalQ2 2024vs Q2 2023$396.9MM$366.2MM
Loan Loss AllowanceQ2 2024vs Q2 2023$62MM$56.9MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$17.6MM$7.6MM
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$1-IRA Savings
0.01%$250-Silver Savings
0.01%$250-55 Plus Savings
0.01%$0-Enterprise Student Savings

Enterprise Bank (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$2m*-Premier Business Money Market
OTHER TIERS: 0.01% $1 - $25k | 0.05% $25k - $50k | 0.25% $50k - $100k | 0.35% $100k - $500k | 0.45% $500k - $2m
0.30%*$1m*-Gold Money Market
OTHER TIERS: 0.01% $1 - $10k | 0.05% $10k - $25k | 0.10% $25k - $100k | 0.15% $100k - $500k | 0.20% $500k - $1m
0.30%*$1m*-Emerald Money Market
OTHER TIERS: 0.01% $1 - $10k | 0.05% $10k - $25k | 0.10% $25k - $100k | 0.15% $100k - $500k | 0.20% $500k - $1m
0.30%*$1m*-Emerald Money Market - Bonus Rate
OTHER TIERS: 0.01% $0 - $10k | 0.05% $10k - $25k | 0.10% $25k - $100k | 0.15% $100k - $500k | 0.20% $500k - $1m
0.15%*$500k*-Silver Money Market
OTHER TIERS: 0.01% $1 - $10k | 0.05% $10k - $25k | 0.10% $25k - $500k

Enterprise Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$5k-Emerald Checking
0.01%$750-Gold Checking
0.01%$0-Military Checking
0.01%$750-Silver Checking

Enterprise Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$2.5k-3 Month CD
4.50%$2.5k-Business 3 Month CD
4.25%$2.5k-8 Month CD
4.25%$2.5k-Business 8 Month CD
3.25%$500-14 Month CD
3.25%$500- Business 14 Month CD
2.50%$500-48 Month CD
2.50%$500-Business 48 Month CD
2.50%$500-Business 60 Month CD
2.50%$500-Business 72 Month CD
2.50%$500-60 Month CD
2.50%$500-72 Month CD
2.25%$500-24 Month CD
2.25%$500-Business 24 Month CD
2.25%$500-Business 30 Month CD
2.25%$500-30 Month CD
2.25%$500-36 Month CD
2.25%$500-Business 36 Month CD
2.10%$500-18 Month CD
2.10%$500-Business 18 Month CD
2.00%$500-12 Month CD
2.00%$500-Business 12 Month CD
1.35%$2.5k-6 Month CD
1.35%$2.5k-Business 6 Month CD
1.35%$2.5k-9 Month CD

Enterprise Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$2.5k-3 Month IRA
4.25%$500-12 Month IRA
3.25%$500-14 Month IRA
3.25%$500-24 Month IRA
3.00%$500-36 Month IRA
2.50%$500-48 Month IRA
2.50%$500-60 Month IRA
2.50%$500-72 Month IRA
2.25%$500-30 Month IRA
2.10%$500-18 Month IRA
1.35%$2.5k-6 Month IRA
1.35%$2.5k-9 Month IRA
Locations

Availability



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