Melrose Bank


Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.25%5-year CD5 Year CD
2.65%2-year CD2 Year eCertificate of Deposit
2.25%4-year CD4 Year CD

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 2,088th largest bank in the nation. It was established in 1890 and as of June 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.

Related Posts

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
A+

Health Grade Components

Overall
FDIC Certificate #26511
Year Established1890
Employees29
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.23%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$316.3MM$289.5MM
LoansQ2 2018vs Q2 2017$262.1MM$232.5MM
DepositsQ2 2018vs Q2 2017$237.9MM$225.3MM
Equity CapitalQ2 2018vs Q2 2017$36.6MM$35.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.3MM$981.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$286.00K$511.00K
Real Estate OwnedQ2 2018vs Q2 2017$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
2.02%*$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

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
2.65%$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
Locations


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

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