Featured Savings Rates
Featured Accounts
Overview / Commentary
866-665-2500
638 Main Street
Melrose, MA 02176

Melrose Bank is headquartered in Melrose and is the 102nd largest bank in the state of Massachusetts. It is also the 2,261st largest bank in the nation. It was established in 1890 and as of June of 2017, it had grown to 30 employees at 1 location. Melrose Bank's CD rates are 67% higher than the national average, and it boasts an A+ health rating.

Related Posts

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
A+

Health Grade Components

Overall
FDIC Certificate #26511
Year Established1890
Employees30
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD5.89%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$289.5MM$252.5MM
LoansQ2 2017vs Q2 2016$232.5MM$187.6MM
DepositsQ2 2017vs Q2 2016$225.3MM$215.4MM
Equity CapitalQ2 2017vs Q2 2016$35.3MM$34.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$981.00K$742.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$511.00K$339.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
Report an Issue

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%--Statement Savings Account

Melrose Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$75k*-Money Market Savings
OTHER TIERS: 0.10% $10 - $25k | 0.20% $25k - $75k

Melrose Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$100-All-In Checking
0.10%--NOW Checking
0.10%--IOLTA Checking

Melrose Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-4 Year CD
2.00%$500-5 Year CD
1.75%$500-3 Year CD
1.65%$500-2 Year CD
1.55%$500-18 Month CD
1.50%$500-1 Year CD
1.10%$100k-90 Day CD
0.60%$500-6 Month CD
Locations


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