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Melrose Cooperative Bank

Melrose Cooperative Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.00%5-year CD5 Year CD
2.00%4-year CD4 Year CD
1.50%1-year CD1 Year CD

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

Melrose Cooperative Bank is headquartered in Melrose and is the 105th largest bank in the state of Massachusetts. It is also the 2,384th largest bank in the nation. It was established in 1890 and as of March of 2017, it had grown to 30 employees at 1 location. Melrose Cooperative Bank's CD rates are 67% higher than 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 - YTD0.84%
Return on Equity - YTD6.52%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$271.5MM$236.9MM
LoansQ1 2017vs Q1 2016$219.4MM$168.3MM
DepositsQ1 2017vs Q1 2016$220.5MM$200.2MM
Equity CapitalQ1 2017vs Q1 2016$34.9MM$33.7MM
Loan Loss AllowanceQ1 2017vs Q1 2016$870.00K$639.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$522.00K$0
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Melrose Cooperative Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Statement Savings Account

Melrose Cooperative Bank Money Market Rates

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

Melrose Cooperative Bank Checking Account Rates

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

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