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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: Thursday, December 13, 2018

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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"I have just completed the online account opening for your virtual bank. It went very smoothly – a simple and straightforward process. American Express and a few airlines should learn from this."

Dan

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