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638 Main Street
Melrose, MA 02176

Melrose Bank is headquartered in Melrose and is the 98th largest bank in the state of Massachusetts. It is also the 2,193rd largest bank in the nation. It was established in 1890 and as of December of 2017, it had grown to 27 employees at 1 location. Melrose Bank's CD rates are 2X 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 - YTD0.7%
Return on Equity - YTD5.68%
Annual Interest Income$8.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$302.9MM$264.2MM
LoansQ4 2017vs Q4 2016$251.4MM$213.2MM
DepositsQ4 2017vs Q4 2016$235.0MM$216.8MM
Equity CapitalQ4 2017vs Q4 2016$36.0MM$34.4MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.1MM$890.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$207.00K$9.00K
Real Estate OwnedQ4 2017vs Q4 2016$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%--Statement Savings Account

Melrose Bank Money Market Rates

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

Melrose Bank Checking Account Rates

1.15%$100-All-In Checking
0.10%--NOW Checking
0.10%--IOLTA Checking

Melrose Bank CD Rates

2.50%$500-2 Year CD
2.50%$500-2 Year eCertificate of Deposit
2.25%$500-4 Year CD
2.25%$500-5 Year CD
2.05%$500-18 Month eCertificate of Deposit
2.00%$500-3 Year CD
2.00%$500-1 Year eCertificate of Deposit
1.80%$500-18 Month CD
1.75%$500-1 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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