Melrose Bank

Overview / Commentary
638 Main Street
Melrose, MA 02176

Melrose Bank is headquartered in Melrose and is the 90th largest bank in the state of Massachusetts. It is also the 1,982nd largest bank in the nation. It was established in 1890 and as of June of 2019, it had grown to 29 employees at 1 location. Melrose Bank's money market rates are 5X 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 - YTD0.4%
Return on Equity - YTD3.83%
Annual Interest Income$5.9MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$337.6MM$316.3MM
LoansQ2 2019vs Q2 2018$272.9MM$262.1MM
DepositsQ2 2019vs Q2 2018$265.3MM$237.9MM
Equity CapitalQ2 2019vs Q2 2018$30.6MM$36.6MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.4MM$1.3MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$177.00K$286.00K
Real Estate OwnedQ2 2019vs Q2 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

0.20%$10-Statement Savings Account

Melrose Bank Money Market Rates

2.00%*$250k*-Super Money Market
OTHER TIERS: 1.70% $25k - $100k | 1.75% $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

1.40%$100-All-In Checking
0.10%$10-NOW Checking
0.10%$10-IOLTA Checking

Melrose Bank CD Rates

2.45%$500-3 Year CD
2.25%$500-2 Year CD
2.20%$500-18 Month CD
2.15%$500-4 Year CD
2.15%$500-5 Year CD
2.10%$500-1 Year CD
1.25%$500-6 Month CD
0.85%$500-90 Day CD

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

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