* Annual Percentage Yields (APYs) begin and are effective on 1/8/2018. $500 minimum deposit to open account and earn stated APYs. 18 and 24 month terms only. Substantial penalty for early withdrawal. Fees may reduce the earnings on the account. Accounts subject to terms of eCertificate of Deposit (eCD) (Fixed Rate) Product. The 18 month eCD automatically renews at maturity to the 18 month term and rate then available. The 24 month eCD automatically renews at maturity to the 24 month term and rate then available. Interest compounds and will be credited to the accounts monthly. Limited time offers may be withdrawn at any time. Offers are subject to change without notice. Melrose Bank accepts deposits and is opening new accounts from customers residing in New England (MA, CT, NH, ME, VT, RI). eCD accounts must be opened and funded online, and these rates are not available in the branch. eCDs are for personal accounts only. Individual Retirement Accounts (IRAs) are not available at these rates.