If you are a resident of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, or Vermont and currently looking for great savings rates, then make sure you keep reading. Melrose Bank has wide array of products to meet your individual needs. They are proud to be a financial institution that is big enough to serve all your financial needs, yet small enough to care about how those needs are met. They currently offer standard CD rates from 90-day to 60-months with 1.35% to 2.25% APY Rates. They also have a special 24 month CD term with 2.50% APY on $500 balances or more. By joining Melrose Bank, you get to enjoy earning higher rate of interest than regular savings account.
Melrose Bank CD Summary:
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- Account Type: CD account
- Current Promotion: 2.50% APY 24-Month CD
- Special APY Rates/Balance requirements:
- 24 Month CD Term:
- 2.50% – $500
- 24 Month CD Term:
- APY Rates/Balance Requirements:
- 1.35% APY for 90-Day CD – $50,000
- 0.85% APY for 6-Month CD – $500
- 1.75% APY for 12-Month CD – $500
- 1.80% APY for 18-Month CD – $500
- 2.00% APY for 36-Month CD – $500
- 2.25% APY for 48-Month CD – $500
- 2.25% APY for 60-Month CD – $500
- Availability: CT, ME, MA, NH, RI & VT (Bank Locator)
- Soft/Hard Pull: Soft Pull
- Minimum Balance Requirement: $500
- Additional Requirements: None
- Early Withdrawal Fee: Substantial penalty for early withdrawal
- Auto-Renewal: None listed, check with CSR
Melrose Bank Best CD Rates:
Overall, Melrose Bank ranked high across the board from our statewide Best 24-Month CD Rates list. So if you’re interested in making a higher rate than a traditional savings account, make sure to take advantage of this limited time special offer. Note that rates are always changing, which is why if you’re interested in getting a CD with them, you might want to hop on it as soon as possible.
Melrose Bank CD Account Features:
- Different terms
- Earns higher rate of interest than regular savings account
- Interest compounds
- Fixed rate of interest
- FDIC insured
Conclusion:
If you are interested in a short term or long term CD, look no further as Melrose Bank offers you a standard and special CD rates that go up to 2.50 APY on 24-month term. Remember, this special ranked highly on our Best CDs list. So if you are interested and live near a branch, be sure to open your new CD account today! However if you are not interested or looking for more options, be sure to browse our complete list of the Best National CD Rates for all your savings needs!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.