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Statement Savings

Commit to a simple saving solution and consistently move toward your goals. Stash your funds in a safe place and monitor your growing balance with our convenient money management tools.

Minimum deposit of $10.00 required to open a Statement Savings Account. Minimum deposit is waived if Statement Savings Account is opened with a NOW Checking Account. Daily minimum balance of $10.00 required to obtain APY. Melrose Bank accepts deposits and is opening new accounts from customers residing in New England (MA, CT, NH, ME, VT, RI).

Effective Date: Tuesday, October 22, 2019

Minimum Daily
Balance to earn APY
APY
Statement Savings1$10.000.20%

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 Statement Savings 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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"Yesterday would have been my 1 year anniversary of my refinance with Melrose bank... I am thankful every day to be in my house and you and everyone else who worked with me were so helpful and kind during an exceptionally difficult time. I deeply appreciate all your help - it has truly meant so much!"

Alexis

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