Melvin Savings Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.30%	5-year CD	60 Month CD 3.00% - Barclays 60 Month Online CD
1.40%	1-year CD	12 Month CD 2.40% - Ally Bank High Yield 12-Month CD
0.60%	Savings	MSB Passbook Savings Account 1.75% - American Express National Bank High Yield Savings Account

View all Melvin Savings Bank rates »

Overview / Commentary

www.melvinsavingsbank.com

712-736-2420

260 Main Street
Melvin, IA 51350

Melvin Savings Bank is headquartered in Melvin and is the 228^th largest bank in the state of Iowa. It is also the 4,729^th 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.

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Health

B+

Data as of Q1 2018

Learn why bank health matters

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 Established	1912
Employees	12
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.82%
Return on Equity - YTD	4.78%
Annual Interest Income	$519.00K

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$70.2MM$69.6MM
Loans	Q1 2018vs Q1 2017	$25.6MM$25.1MM
Deposits	Q1 2018vs Q1 2017	$58.0MM$57.6MM
Equity Capital	Q1 2018vs Q1 2017	$12.1MM$11.8MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$408.00K$408.00K
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$3.00K$162.00K
Real Estate Owned	Q1 2018vs Q1 2017	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.40%	-	-	Health Savings Account
0.60%	-	-	MSB Passbook Savings Account

Melvin Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Bank	260 Main Street	Melvin, IA 51350
Sibley Branch	721 Second Avenue	Sibley, IA 51249

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