Melrose Bank

Overview / Commentary
638 Main Street
Melrose, MA 02176

Melrose Bank is headquartered in Melrose and is the 91st largest bank in the state of Massachusetts. It is also the 1,993rd largest bank in the nation. It was established in 1890 and as of September of 2019, it had grown to 29 employees at 1 location. Melrose Bank's money market rates are 4X the national average, and it has an A health rating.

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Health Grade Components

FDIC Certificate #26511
Year Established1890
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD3.58%
Annual Interest Income$9.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$336.9MM$318.5MM
LoansQ3 2019vs Q3 2018$279.9MM$262.3MM
DepositsQ3 2019vs Q3 2018$273.0MM$242.5MM
Equity CapitalQ3 2019vs Q3 2018$31.0MM$37.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$1.5MM$1.4MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$175.00K$354.00K
Real Estate OwnedQ3 2019vs Q3 2018$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

0.10%$10-Statement Savings Account

Melrose Bank Money Market Rates

1.60%*$2m*-Super Money Market
OTHER TIERS: 1.20% $25k - $100k | 1.25% $100k - $250k | 1.50% $250k - $2m
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

1.10%$100-All-In Checking
0.10%$10-NOW Checking
0.10%$10-IOLTA Checking

Melrose Bank CD Rates

2.15%$500-3 Year CD
2.15%$500-4 Year CD
2.15%$500-5 Year CD
2.00%$500-2 Year CD
1.90%$500-18 Month CD
1.85%$500-1 Year CD
1.00%$500-6 Month CD
0.75%$500-90 Day CD

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

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