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 2,072nd largest bank in the nation. It was established in 1890 and as of September 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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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 - YTD0.61%
Return on Equity - YTD5.23%
Annual Interest Income$7.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$318.5MM$293.9MM
LoansQ3 2018vs Q3 2017$262.3MM$234.8MM
DepositsQ3 2018vs Q3 2017$242.5MM$229.1MM
Equity CapitalQ3 2018vs Q3 2017$37.0MM$35.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.4MM$983.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$354.00K$191.00K
Real Estate OwnedQ3 2018vs Q3 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.