Consider this secure investment: 0.65% APY 12-Month CD*
All Melrose Bank deposits are insured in full through the FDIC and the Depositors Insurance Fund (DIF).
* Annual Percentage Yield (APY) is effective as of 4/9/20 and is subject to change without notice. $500 minimum deposit to open account and earn stated APY. 12-month term only. Substantial penalty for early withdrawal. Fees may reduce the earnings on the account. The 12-month CD automatically renews at maturity to the 12-month term and rate then available. Interest compounds and will be credited to the account monthly. 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). Personal accounts only.