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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 54th largest bank in the state of Massachusetts. It is also the 1,164th largest bank in the nation. It was established in 1835 and as of June of 2022, it had grown to 104 employees at 6 locations. The Bank of Canton's CD rates are 11% higher than the national average, and it has a B+ health rating.

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Health
B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90175
Year Established1835
Employees104
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.14%
Annual Interest Income$11.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$828.4MM$987.0MM
LoansQ2 2022vs Q2 2021$489.8MM$516.1MM
DepositsQ2 2022vs Q2 2021$741.7MM$895.8MM
Equity CapitalQ2 2022vs Q2 2021$79.3MM$83.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$6.1MM$6.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.6MM$2.8MM
Real Estate OwnedQ2 2022vs Q2 2021$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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