Melrose Bank


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

Melrose Bank is headquartered in Melrose and is the 94th largest bank in the state of Massachusetts. It is also the 2,062nd largest bank in the nation. It was established in 1890 and as of December 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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Health
A+

Health Grade Components

Overall
FDIC Certificate #26511
Year Established1890
Employees29
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.28%
Annual Interest Income$10.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$318.9MM$302.9MM
LoansQ4 2018vs Q4 2017$268.2MM$251.4MM
DepositsQ4 2018vs Q4 2017$244.6MM$235.0MM
Equity CapitalQ4 2018vs Q4 2017$37.5MM$36.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.3MM$1.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$348.00K$207.00K
Real Estate OwnedQ4 2018vs Q4 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
2.25%*$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

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
2.35%$500-18 Month CD
2.25%$500-1 Year CD
2.25%$500-4 Year CD
2.25%$500-5 Year CD
1.25%$500-6 Month CD
0.85%$500-90 Day CD
Locations


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

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