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The Bank of Canton


Overview / Commentary
www.thebankofcanton.com
888-828-1690
490 Turnpike Street
Canton, MA 02021

The Bank of Canton is headquartered in CANTON and is the 58th largest bank in the state of Massachusetts. It is also the 1,187th largest bank in the nation. It was established in 1835 and as of March of 2023, it had grown to 102 employees at 6 locations. The Bank of Canton's CD rates are 11% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90175
Year Established1835
Employees102
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD8.1%
Annual Interest Income$8.9MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$810.6MM$829.4MM
LoansQ1 2023vs Q1 2022$528.0MM$479.2MM
DepositsQ1 2023vs Q1 2022$714.5MM$741.8MM
Equity CapitalQ1 2023vs Q1 2022$88.3MM$80.7MM
Loan Loss AllowanceQ1 2023vs Q1 2022$6.2MM$6.1MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$1.5MM$2.7MM
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Bank of Canton; 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.

The Bank of Canton Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$10-Passbook Savings
0.10%$10-Statement Savings
0.10%$10-Holiday Club
0.10%$10-Business Savings

The Bank of Canton Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$100k*-Personal Money Market
OTHER TIERS: 0.05% → $10 - $10k | 0.10% → $10k - $50k | 0.25% → $50k - $100k
0.20%*$100k*-Business Money Market
OTHER TIERS: 0.05% → $2.5k - $10k | 0.10% → $10k - $50k | 0.15% → $50k - $100k

The Bank of Canton Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Free Checking with Interest

The Bank of Canton CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-3 Year CD
2.00%$1k-2 Year CD
1.00%$1k-1 Year CD
0.25%$2.5k-6 Month CD
0.20%$2.5k-91 Day CD

The Bank of Canton IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-3 Year IRA
2.00%$500-2 Year IRA
1.00%$500-1 Year IRA
Locations


The Bank of Canton Locations
Turnpike Street Branch259 Turnpike StreetCanton, MA 02021
The Bank Of Canton490 Turnpike StCanton, MA 02021
Washington St Branch557 Washington StreetCanton, MA 02021
Mcgrath Highway Branch60 Mayor Thomas J. Mcgrath HighwayQuincy, MA 02169
Randolph Branch67 North Main StreetRandolph, MA 02368

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