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Melrose Bank


Overview / Commentary
866-665-2500
638 Main Street
Melrose, MA 02176

Melrose Bank is headquartered in Melrose and is the 95th largest bank in the state of Massachusetts. It is also the 2,058th largest bank in the nation. It was established in 1890 and as of March of 2019, it had grown to 30 employees at 1 location. Melrose Bank's money market rates are 5X the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #26511
Year Established1890
Employees30
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.11%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$322.3MM$307.3MM
LoansQ1 2019vs Q1 2018$267.3MM$251.7MM
DepositsQ1 2019vs Q1 2018$257.4MM$229.1MM
Equity CapitalQ1 2019vs Q1 2018$34.2MM$36.3MM
Loan Loss AllowanceQ1 2019vs Q1 2018$1.4MM$1.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$344.00K$205.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Melrose Bank; 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.

Melrose Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$10-Statement Savings Account

Melrose Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*$250k*-Super Money Market
OTHER TIERS: 1.75% $25k - $100k | 1.80% $100k - $250k
1.00%*$75k*-Money Market Savings
OTHER TIERS: 0.10% $10 - $2.5k | 0.25% $2.5k - $25k | 0.50% $25k - $75k

Melrose Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$100-All-In Checking
0.10%$10-NOW Checking
0.10%$10-IOLTA Checking

Melrose Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.85%$500-3 Year CD
2.65%$500-2 Year CD
2.35%$500-18 Month CD
2.25%$500-1 Year CD
2.25%$500-4 Year CD
2.25%$500-5 Year CD
1.25%$500-6 Month CD
0.85%$500-90 Day CD
Locations


Melrose Bank Locations
Melrose Co-Operative Bank638 Main StreetMelrose, MA 02176

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