With this interest-bearing checking account, your dollar goes further. Let your balance work for you while you take advantage of the additional features that streamline everyday money matters.
Minimum deposit of $10.00 required to open a NOW Account. Daily minimum balance of $10.00 required to obtain APY on NOW Account. Fees could reduce the earnings on the account. Melrose Bank accepts deposits and is opening new accounts from customers residing in New England (MA, CT, NH, ME, VT, RI).
Avoid the inconvenience of a denied transaction and skip the headache of an accidental slip-up. We offer two overdraft programs:
Add an Overdraft Protection Line of Credit to your account, and funds will be automatically advanced when needed to cover your overdraft (up to your credit limit). Payments to your line can then be automatically made from your account monthly.
Stop by our office or call 781-665-2500 to apply. We’ll notify you when you’re approved.
Occasional Overdraft Privilege Service (OOPS!)
We cannot promise or guarantee overdrafts will never happen, but what we can do is consider OOPS! In the event of an accidental overdraft, we will consider - without obligation on our part - payment of your reasonable overdraft up to your assigned OOPS! limit.
Effective Date: Wednesday, August 21, 2019
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Balance to earn APY
1 Annual Percentage Yield (APY) is effective as of the date posted and is subject to change and the rate may also change after the account is opened. Minimum deposit of $10.00 required to open a NOW Checking Account. Daily minimum balance of $10.00 required to obtain APY. Interest compounded daily and credited monthly. Fees may reduce the earnings on the account. Melrose Bank accepts deposits and is opening new accounts from customers residing in New England (MA, CT, NH, ME, VT, RI).
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