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Deposit Rates

View the up-to-date rates for our deposit accounts and lending options.

All-In Checking1

Effective Date: Thursday, April 27, 2017

Minimum Daily
Balance to earn APY
APY
$100.001.00%How to Open

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 $100.00 required to open a All-In Checking Account. Daily minimum balance of $100.00 required to obtain APY. Balances above $100,000.00 will not earn interest. Fees could reduce the earnings on the account. Melrose Bank accepts deposits only from its primary business area, and currently is opening new accounts from customers residing in Massachusetts.


NOW Checking1

Effective Date: Thursday, April 27, 2017

Minimum Daily
Balance to earn APY
APY
$10.000.100%How to Open

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. Fees could reduce the earnings on the account. Melrose Bank accepts deposits only from its primary business area, and currently is opening new accounts from customers residing in Massachusetts.


Statement Savings1

Effective Date: Thursday, April 27, 2017

Minimum Daily
Balance to earn APY
APY
$10.000.200%How to Open

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. Fees could reduce the earnings on the account. Melrose Bank accepts deposits only from its primary business area, and currently is opening new accounts from customers residing in Massachusetts.


Money Market1

Effective Date: Thursday, April 27, 2017

Minimum Daily
Balance to earn APY
APY
$10.000.100%How to Open
$2,500.000.100%
$25,000.000.200%
$75,000.000.400%

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 $2,500.00 required to open a Money Market Account. Daily minimum balance of $2,500.00 required to obtain APY. Fees could reduce the earnings on the account. Melrose Bank accepts deposits only from its primary business area, and currently is opening new accounts from customers residing in Massachusetts.


Certificates of Deposit1

Effective Date: Thursday, April 27, 2017

TermMinimum Daily
Balance to earn APY
APY
6 months$500.000.6000%How to Open
1 year$500.001.000%How to Open
16 months$500.001.350%How to Open
18 months$500.001.100%How to Open
2 years$500.001.250%How to Open
3 years$500.001.500%How to Open
4 years$500.002.000%How to Open
5 years$500.002.000%How to Open

1 Annual Percentage Yield (APY) and rate are effective as of the date posted and are subject to change without notice. Substantial penalty for early withdrawal. Fees could reduce the earnings on the account. Melrose Bank accepts deposits only from its primary business area, and currently is opening new accounts from customers residing in Massachusetts.