Martha's Vineyard Bank

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.00%

Our Rating

4.6 / 5

SoFi Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 4.00% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC

Member FDIC

4.50%

Our Rating

3.5 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.46%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.75%

Our Rating

4.2 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Overview / Commentary

www.mvbank.com

508-627-4266

78 Main Street
Edgartown, MA 02539

Martha's Vineyard Bank is headquartered in EDGARTOWN and is the 44^th largest bank in the state of Massachusetts. It is also the 826^th largest bank in the nation. It was established in 1955 and as of September of 2024, it had grown to 109 employees at 10 locations. Martha's Vineyard Bank's CD rates are 3X the national average, and it has an A health rating.

Reviews (1)

Write a Review

Disappointed With Martha Vineyard For My CD That Matured

Posted by: RonnieGoldman | Feb 10, 2024

I am totally disappointed with Martha Vineyard Bank (Solutions Desk) and the handling of my CD that matured and the online transfer of my money. I gave clear written instructions of were to send my funds, and my money was sent to the wrong bank and wrong account. Martha Vineyard person did not offer any help on fixing their error and left it up to me to correct. The MV person was also very cavalier about the entire event. I can't let this be swept under the rug and someone should know about this.

Comment

Health

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	90190
Year Established	1955
Employees	109
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.3%
Return on Equity - YTD	2.97%
Annual Interest Income	$40.4MM

Assets and Liabilities
Assets	Q3 2024vs Q3 2023	$1.31B$1.33B
Loans	Q3 2024vs Q3 2023	$1.13B$1.16B
Deposits	Q3 2024vs Q3 2023	$1.05B$1.07B
Equity Capital	Q3 2024vs Q3 2023	$135.7MM$124.6MM
Loan Loss Allowance	Q3 2024vs Q3 2023	$8.8MM$9.1MM
Unbacked Noncurrent Loans	Q3 2024vs Q3 2023	$75K$429K
Real Estate Owned	Q3 2024vs Q3 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.00%

Our Rating

4.6 / 5

SoFi Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

4.50%

Our Rating

3.5 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.46%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.75%

Our Rating

4.2 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Rates

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Savings
Money Market
Checking
CD

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

Martha's Vineyard Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.09%	$10	-	Passbook Savings Accounts
0.04%	$10	-	Online Savings Account
0.04%	$10	-	Business Online Savings Account

Martha's Vineyard Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.12%^*	$25k^*	-	Money Market Account
OTHER TIERS: 0.09% → $10 - $25k
0.12%^*	$25k^*	-	Business Sweep Money Market Account
OTHER TIERS: 0.09% → $10 - $25k

Martha's Vineyard Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.03%^*	$100k^*	-	Clipper Ship Investment Checking Account
OTHER TIERS: 0.01% → $10 - $100k

Martha's Vineyard Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$1k	-	5 Month CD Special
4.00%	$1k	-	3 Month CD Special
3.75%	$1k	-	7 Month CD Special
3.25%	$1k	-	6 Month CD
3.25%	$1k	-	Business 6 Month CD
3.00%	$1k	-	12 Month CD
3.00%	$1k	-	Business 12 Month CD
2.50%	$1k	-	18 Month CD
2.50%	$1k	-	24 Month CD
2.50%	$1k	-	Business 18 Month CD
2.50%	$1k	-	Business 24 Month CD
2.00%	$1k	-	36 Month CD
2.00%	$1k	-	Business 36 Month CD
1.00%	$1k	-	48 Month CD
1.00%	$1k	-	60 Month CD
1.00%	$1k	-	Business 48 Month CD
1.00%	$1k	-	Business 60 Month CD

Locations

Cities: Chilmark, Edgartown, Falmouth, Oak Bluffs, Vineyard Haven, West Tisbury

Chilmark Branches
Chilmark Branch	517 South Road	Chilmark, MA 02535

Edgartown Branches
Martha's Vineyard Savings Bank	78 Main Street	Edgartown, MA 02539
Four Flags Condominium Branch	Unit #10, Vineyard Haven Road, Post Office Square	Edgartown, MA 02539

Falmouth Branches
Falmouth Branch	2 Water Street	Falmouth, MA 02543
Palmer Avenue Falmouth Branch	397 Palmer Avenue	Falmouth, MA 02540
Village Green Branch	84 Main Street	Falmouth, MA 02540

Oak Bluffs Branches
Oak Bluffs Branch	14 Oak Bluffs Avenue	Oak Bluffs, MA 02557
Oak Bluffs Branch	4 Uncas Avenue	Oak Bluffs, MA 02557

Vineyard Haven Branches
Martha's Vineyard Co-Operative Bank Of Tisbury Bra	11 State Road	Vineyard Haven, MA 02568

West Tisbury Branches
West Tisbury Branch	490 State Road	West Tisbury, MA 02575

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