Overview / Commentary
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 2,072nd largest bank in the nation. It was established in 1890 and as of September of 2018, it had grown to 29 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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Melrose Bank Offers 2-Year CD In New England - 3/12/2018

Melrose Bank has raised the rate on its 2-year eCD (2.50% APY). Available online to residents of CT, ME, MA, NH, RI, and VT. Minimum deposit is $500.

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Health Grade Components

FDIC Certificate #26511
Year Established1890
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD5.23%
Annual Interest Income$7.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$318.5MM$293.9MM
LoansQ3 2018vs Q3 2017$262.3MM$234.8MM
DepositsQ3 2018vs Q3 2017$242.5MM$229.1MM
Equity CapitalQ3 2018vs Q3 2017$37.0MM$35.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.4MM$983.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$354.00K$191.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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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

0.20%$10-Statement Savings Account

Melrose Bank Money Market Rates

2.25%*$250k*$2mSuper Money Market
OTHER TIERS: 0.40% $2m+ | 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

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

Melrose Bank CD Rates

2.85%$500-3 Year CD
2.65%$500-2 Year CD
2.65%$500-2 Year eCertificate of Deposit
2.50%$500-18 Month eCertificate of Deposit
2.35%$500-18 Month CD
2.35%$500-1 Year eCertificate of Deposit
2.25%$500-1 Year CD
2.25%$500-4 Year CD
2.25%$500-5 Year CD
1.35%$50k-90 Day CD
0.85%$500-6 Month CD

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

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