* The offer that will be matched must be current and verifiable. Melrose Bank will only match competitors’ offers with Melrose Bank’s existing products and terms. Offers must be from a bank with branches in the USA; excludes offers from internet-only banks.
** Annual Percentage Yield (APY) begins and is effective on 10/1/2018. $500 minimum deposit to open account and earn stated APY. 24 month term only. Substantial penalty for early withdrawal. Account subject to terms of Certificate of Deposit (Fixed Rate) Product. The 24 month CD 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 Limited time offer may be withdrawn at any time. Offer is 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).