Main Street Bank (MA)

Overview / Commentary
81 Granger Boulevard
Marlborough, MA 01752

Main Street Bank (MA) is headquartered in MARLBOROUGH and is the 31st largest bank in the state of Massachusetts. It is also the 674th largest bank in the nation. It was established in 1860 and as of March of 2024, it had grown to 161 employees at 10 locations. Main Street Bank (MA)'s CD rates are 6X the national average, and it has a B+ health rating.

Reviews (1)

A Bank With The Slowest Zelle, Rediculous Limits And Just Bad The Business Accounts.

Posted by: |

I started a business account with main street. The biggest issue is the horrible limitations imposed by this back. A business and you can only deposit 5k a week? Or month? I forgot which one it was but it's insane. My last business account was 40k a WEEK! so they force you to go into the bank to deposit checks... Not all of us have the liberty of extra time in our hectic bussiness schedules. Also, they give you a business stamp for checks, but when I tried to deposit it on mobile, 2 days later it was canceled with an email saying I needed to endorse the bank of the check.. Which was endorsed by the big stamp they gave me! There bank is still in the stone age sadly. Not a good bank for business or loans. I tried to apply for a vehicle loan and was denied! I have a personal and business account with them! Personal account since I was 18! So 20 years with them plus started a business account, 80k salary credit score of 702 and no loan because of a single collections to Verizon wireless who incorrectly changed me for a phone that was returned in the first 14 days. I'm currently in the process of having the mistake cleared and even with the proof in hand of the return and talking to mainstreet in person about it, DENIED! Rate was 5.99%.... I went to DCU who also brought up the Verizon issues, but i explained and she faxed the proof along with a phone call to the underwriter and was approved instantly and given 1.99% at 60 months! They actual work surg there customers and go above and beyond, and I'm brand new at their bank! So I now have an account there and will be closing both my mainstreet accounts indefinitely. 20 years and they can't over ride the denile even with proof of the mistake in hand. They told me sorry, nothing they can do and to come back after it's removed....what a joke of a bank. Very sad indeed. Also the atm limits are also a big joke at 800 max out per day!? Dcu is $1800! Do disappointed in myself for being with this bank for so long. A true waste of time.


Health Grade Components

FDIC Certificate #90235
Year Established1860
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.16%
Return on Equity - YTD1.84%
Annual Interest Income$21MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.66B$1.5B
LoansQ1 2024vs Q1 2023$1.33B$1.14B
DepositsQ1 2024vs Q1 2023$1.38B$1.25B
Equity CapitalQ1 2024vs Q1 2023$145.4MM$141.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$13.8MM$13MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$7.5MM$3.5MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not Main Street 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.

Main Street Bank (MA) Savings Account Rates

1.45%*$250k*-Regular Savings Account
OTHER TIERS: 0.25% $0 - $25k | 0.40% $25k - $50k | 0.75% $50k - $100k | 1.10% $100k - $250k
1.45%*$250k*-Business Savings Account
OTHER TIERS: 0.40% $0 - $25k | 0.50% $25k - $50k | 0.75% $50k - $100k | 1.10% $100k - $250k
0.05%$0-Holiday Savings Account

Main Street Bank (MA) Money Market Rates

2.15%*$1m*-Money Market
OTHER TIERS: 0.40% $0 - $25k | 0.50% $25k - $50k | 0.75% $50k - $100k | 1.10% $100k - $250k | 1.45% $250k - $500k | 1.80% $500k - $1m
2.15%*$1m*-Business Money Market
OTHER TIERS: 0.40% $0 - $25k | 0.50% $25k - $50k | 0.75% $50k - $100k | 1.10% $100k - $250k | 1.45% $250k - $500k | 1.80% $500k - $1m
2.15%*$1m*-Money Market IRA
OTHER TIERS: 0.40% $0 - $25k | 0.50% $25k - $50k | 0.75% $50k - $100k | 1.10% $100k - $250k | 1.45% $250k - $500k | 1.80% $500k - $1m

Main Street Bank (MA) Checking Account Rates

1.45%*$250k*-Business Interest Checking
OTHER TIERS: 0.30% $0 - $25k | 0.40% $25k - $50k | 0.75% $50k - $100k | 1.10% $100k - $250k
0.15%$0-Interest Checking

Main Street Bank (MA) CD Rates

5.13%$1k-6 Month CD
5.13%$1k-Business 6 Month CD
5.00%$1k-12 Month CD
5.00%$1k-Business 12 Month CD
4.95%$1k-18 Month CD
4.95%$1k-Business 18 Month CD
4.80%$1k-24 Month CD
4.80%$1k-Business 24 Month CD
4.70%$1k-36 Month CD
4.70%$1k-Business 36 Month CD
4.45%$1k-48 Month CD
4.45%$1k-Business 48 Month CD
0.60%$1k-60 Month CD
0.60%$1k-Business 60 Month CD
0.15%$1k-3 Month CD
0.15%$1k-Business 3 Month CD

Main Street Bank (MA) IRA Rates

5.13%$1k-6 Month IRA
5.00%$1k-12 Month IRA
4.95%$1k-18 Month IRA
4.80%$1k-24 Month IRA
4.70%$1k-36 Month IRA
4.45%$1k-48 Month IRA
0.60%$1k-60 Month IRA
0.15%$1k-3 Month IRA

Cities: Ayer, Hudson, Littleton, Lunenburg, Marlborough, Northborough, Pepperell, Southborough, Sudbury

Ayer Branches
North Middlesex Svgs Br7 Main StreetAyer, MA 01432

Hudson Branches
Hudson Branch186 Main StreetHudson, MA 01749

Littleton Branches
Littleton Branch220 Great RoadLittleton, MA 01460

Lunenburg Branches
Lunenburg Branch947 Massachusetts Avenue BranchLunenburg, MA 01462

Marlborough Branches
Boston Post Road Branch71 Boston Post RoadMarlborough, MA 01752
Main Street Bank81 Granger BlvdMarlborough, MA 01752

Northborough Branches
Northborough Branch101 West Main StreetNorthborough, MA 01532

Pepperell Branches
Pepperell Branch80 Main StreetPepperell, MA 01463

Southborough Branches
Southborough Branch6 East Main StreetSouthborough, MA 01772

Sudbury Branches
Sudbury Branch439 Boston Post RoadSudbury, MA 01776

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