Melvin Savings Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.10%	5-year CD	60 Month CD 2.50% - Ally Bank High Yield 5 Year CD
1.20%	1-year CD	12 Month CD 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD
0.55%	Savings	MSB Passbook Savings Account 1.30% - Nationwide Bank Online 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 227^th largest bank in the state of Iowa. It is also the 4,757^th largest bank in the nation. It was established in 1912 and as of December of 2017, it had grown to 12 employees at 2 locations. Melvin Savings Bank's CD rates are 33% higher than the national average, and it has an A health rating.

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Health

A

Data as of Q4 2017

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	0.66%
Return on Equity - YTD	3.8%
Annual Interest Income	$2.0MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$72.0MM$69.0MM
Loans	Q4 2017vs Q4 2016	$24.4MM$26.6MM
Deposits	Q4 2017vs Q4 2016	$59.8MM$57.0MM
Equity Capital	Q4 2017vs Q4 2016	$12.1MM$11.9MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$408.00K$408.00K
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$35.00K$18.00K
Real Estate Owned	Q4 2017vs Q4 2016	$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
1.20%	-	-	Health Savings Account
0.55%	-	-	MSB Passbook Savings Account

Melvin Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.65%^*	$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
0.45%^*	$100k^*	-	Super NOW Checking Account
OTHER TIERS: 0.30% → Up to $25k \| 0.40% → $25k - $100k
0.35%	$1,200	-	Senior Spirit Checking Account
0.30%	-	-	NOW Checking Account

Melvin Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.10%	$500	-	60 Month CD
2.00%	$500	-	36 Month CD
1.75%	$500	-	19 Month CD
1.75%	$500	-	29 Month CD
1.55%	$500	-	18 Month CD
1.35%	$500	-	10 Month CD
1.35%	$500	-	24 Month CD
1.30%	$500	-	11 Month CD
1.20%	$500	-	12 Month CD
1.00%	$500	-	6 Month CD
0.75%	$500	-	8 Month CD
0.75%	$500	-	9 Month CD
0.45%	$500	-	91 Day CD

Melvin Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.10%	$25	-	60 Month Fixed Rate IRA
2.00%	$25	-	36 Month Fixed Rate IRA
1.75%	$25	-	19 Month Fixed Rate IRA
1.75%	$25	-	29 Month Fixed Rate IRA
1.55%	$25	-	18 Month Fixed Rate IRA
1.35%	$25	-	10 Month Fixed Rate IRA
1.35%	$25	-	24 Month Fixed Rate IRA
1.30%	$25	-	11 Month Fixed Rate IRA
1.20%	$25	-	12 Month Fixed Rate IRA
1.00%	$25	-	18 Month Variable Rate IRA
1.00%	$25	-	6 Month Fixed Rate IRA
0.75%	$25	-	8 Month Fixed Rate IRA
0.75%	$25	-	9 Month Fixed Rate IRA
0.45%	$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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