Featured Savings Rates
Featured Accounts
Overview / Commentary
712-736-2420
260 Main Street
Melvin, IA 51350

Melvin Savings Bank is headquartered in Melvin and is the 228th largest bank in the state of Iowa. It is also the 4,729th largest bank in the nation. It was established in 1912 and as of March of 2018, it had grown to 12 employees at 2 locations. Melvin Savings Bank's CD rates are 56% higher than the national average, and it has a B+ health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Melvin Savings Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #256
Year Established1912
Employees12
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD4.78%
Annual Interest Income$519.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$70.2MM$69.6MM
LoansQ1 2018vs Q1 2017$25.6MM$25.1MM
DepositsQ1 2018vs Q1 2017$58.0MM$57.6MM
Equity CapitalQ1 2018vs Q1 2017$12.1MM$11.8MM
Loan Loss AllowanceQ1 2018vs Q1 2017$408.00K$408.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$3.00K$162.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Melvin Savings 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.

Melvin Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%--Health Savings Account
0.60%--MSB Passbook Savings Account

Melvin Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$200k*-Money Market Checking Account
OTHER TIERS: 0.35% Up to $1k | 0.40% $1k - $25k | 0.50% $25k - $100k | 0.60% $100k - $200k

Melvin Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$100k*-Super NOW Checking Account
OTHER TIERS: 0.30% Up to $25k | 0.40% $25k - $100k
0.35%$1.2k-Senior Spirit Checking Account
0.30%--NOW Checking Account

Melvin Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$500-60 Month CD
2.15%$500-36 Month CD
2.00%$500-19 Month CD
2.00%$500-29 Month CD
1.85%$500-18 Month CD
1.60%$500-11 Month CD
1.55%$500-24 Month CD
1.50%$500-10 Month CD
1.40%$500-12 Month CD
1.20%$500-6 Month CD
0.95%$500-8 Month CD
0.95%$500-9 Month CD
0.70%$500-91 Day CD

Melvin Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$25-60 Month Fixed Rate IRA
2.15%$25-36 Month Fixed Rate IRA
2.00%$25-19 Month Fixed Rate IRA
2.00%$25-29 Month Fixed Rate IRA
1.85%$25-18 Month Fixed Rate IRA
1.60%$25-11 Month Fixed Rate IRA
1.55%$25-24 Month Fixed Rate IRA
1.50%$25-10 Month Fixed Rate IRA
1.40%$25-12 Month Fixed Rate IRA
1.20%$25-18 Month Variable Rate IRA
1.20%$25-6 Month Fixed Rate IRA
0.95%$25-8 Month Fixed Rate IRA
0.95%$25-9 Month Fixed Rate IRA
0.70%$25-91 Day Fixed Rate IRA
Locations


Melvin Savings Bank Locations
Melvin Savings Bank260 Main StreetMelvin, IA 51350
Sibley Branch721 Second AvenueSibley, IA 51249

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 feedback@depositaccounts.com 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.