US Bank Directory
Banks in Melrose, MA
8 FDIC-insured banks operate 8 offices in Melrose, Massachusetts, and 1 credit union has 1 office.
Source: FDIC BankFind, data as of September 5, 2026; NCUA call report as of March 31, 2026; hours checked October 10, 2026.
Bank branch map: Melrose
Banks sit at the coordinates in their FDIC record; credit union offices at their NCUA address, located with the U.S. Census Bureau Geocoder. Point at a marker for today's hours, tap it for the address, directions and the bank's site.
Short answer: 9 banks and credit unions operate 9 locations in Melrose, according to the FDIC and the NCUA. 8 of them have coordinates on record and are on the map. 4 publish opening hours.
Branches: FDIC, NCUA. Streets: loading.
8 locations on the map
Tap a cluster to zoom in
Positions are the regulators' own coordinates, or the Census Geocoder's point for the address, and can sit a few hundred feet from the door. Streets, buildings and parks come from OpenStreetMap through OpenFreeMap, with every street named as you zoom in; if that map cannot load, a simpler map drawn from the Census Bureau's TIGER/Line files takes its place. ATMs will follow with the Overture Maps import.
All banks and credit unions in Melrose
Sorted by number of local branches. Each branch shows where its hours and phone number come from.
Short answer: 8 banks share the most locations in Melrose, with 1 each. 8 banks have a single office in the city. Open any bank to see each address, today's hours where the bank publishes them and the phone number.
Bank of America Bank · 1
Bank of America has 1 branch in Melrose, 146 across Massachusetts and 3,598 nationwide. FDIC records list its main office in Charlotte, NC and show it operating since 1904. With $2.65 trillion in total assets on June 30, 2026, it ranks No. 2 of 4,232 U.S. banks by total assets. The Melrose Branch at 690 Main St dates to 1957 in FDIC branch records. Its published hours do not list Saturday.
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Melrose Branch690 Main St, 02176
All hours
Mon closed; Tue to Fri 9 am to 4 pm; Sat to Sun closed
Hours: Bank of America branch locator (All The Places), checked Oct 10, 2026
Cambridge Savings Bank Bank · 1
Cambridge Savings Bank has 1 branch in Melrose, 21 across Massachusetts and 21 nationwide. FDIC records list its main office in Cambridge, MA and show it operating since 1834. With $6.98 billion in total assets on June 30, 2026, it ranks No. 222 of 4,232 U.S. banks by total assets. The Fmelrose Bank Branch at 638 Main Street dates to 2020 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Fmelrose Bank Branch638 Main Street, 02176
Eastern Bank Bank · 1
Eastern Bank has 1 branch in Melrose, 113 across Massachusetts and 134 nationwide. FDIC records list its main office in Boston, MA and show it operating since 1989. With $31.13 billion in total assets on June 30, 2026, it ranks No. 70 of 4,232 U.S. banks by total assets. The Melrose Branch at 441 Main St dates to 1981 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Melrose Branch441 Main St, 02176
Metro Credit Union Credit union · 1
Metro Credit Union has 1 office in Melrose, 18 across Massachusetts. It is based in Chelsea, MA and $3.30 billion in assets on March 31, 2026, according to its NCUA call report. It opens on Saturday.
Who can join: see the credit union's site.
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Melrose138 Main St, 02176
All hours
Mon to Wed 8 am to 5 pm; Thu to Fri 8 am to 6 pm; Sat 9 am to 1 pm; Sun not published
Hours: NCUA, March 31, 2026
Northern Bank Bank · 1
Northern Bank has 1 branch in Melrose, 14 across Massachusetts and 14 nationwide. FDIC records list its main office in Woburn, MA and show it operating since 1960. With $3.38 billion in total assets on June 30, 2026, it ranks No. 382 of 4,232 U.S. banks by total assets. The Melrose Branch at 514 Franklin St dates to 1987 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Melrose Branch514 Franklin St, 02176
Reading Co-operative Bank Bank · 1
Reading Co-operative Bank has 1 branch in Melrose, 13 across Massachusetts and 13 nationwide. FDIC records list its main office in Reading, MA and show it operating since 1886. With $1.19 billion in total assets on June 30, 2026, it ranks No. 904 of 4,232 U.S. banks by total assets. The Melrose Branch at 526 Main St dates to 2020 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Melrose Branch526 Main St, 02176
Rockland Trust Bank · 1
Rockland Trust has 1 branch in Melrose, 143 across Massachusetts and 151 nationwide. FDIC records list its main office in Rockland, MA and show it operating since 1907. With $24.97 billion in total assets on June 30, 2026, it ranks No. 86 of 4,232 U.S. banks by total assets. The Melrose Branch at 27 Melrose St dates to 1974 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Melrose Branch27 Melrose St, 02176
Santander Bank · 1
Santander has 1 branch in Melrose, 130 across Massachusetts and 368 nationwide. FDIC records list its main office in Wilmington, DE and show it operating since 1907. With $103.96 billion in total assets on June 30, 2026, it ranks No. 32 of 4,232 U.S. banks by total assets. The Melrose Branch at 492 Main St dates to 1968 in FDIC branch records. It opens on Saturday.
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Melrose Branch492 Main St, 02176
All hours
Mon to Fri 9 am to 5 pm; Sat 9 am to 1 pm; Sun not published
Hours: Santander branch locator (All The Places), checked Oct 10, 2026
TD Bank Bank · 1
TD Bank has 1 branch in Melrose, 114 across Massachusetts and 1,051 nationwide. FDIC records list its main office in Wilmington, DE and show it operating since 1852. With $342.80 billion in total assets on June 30, 2026, it ranks No. 13 of 4,232 U.S. banks by total assets. The Melrose, Ma Branch at 476 Main St dates to 2011 in FDIC branch records. It opens on Saturday.
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Melrose, Ma Branch476 Main St, 02176
All hours
Mon to Wed 9 am to 5 pm; Thu to Fri 9 am to 6 pm; Sat 9 am to 1 pm; Sun closed
Hours: TD Bank branch locator (All The Places), checked Oct 10, 2026
Join a credit union in Melrose
1 credit union has 1 office here: Metro Credit Union. Each office is listed above with the phone and the hours it filed with the NCUA (call report as of March 31, 2026). Who can join each one is on its own site; the credit unions in Melrose page has every office in the state's directory.
Banking in Melrose: the local picture
Short answer: 8 banks run 8 branches in Melrose according to the FDIC. A population estimate for this place is not available from the Census Bureau, so branches per resident are not shown.
Of the 8 banks, 0 have their main office in Melrose, 5 elsewhere in Massachusetts and 3 out of state, according to the FDIC.
The bank with the longest record here is Cambridge Savings Bank, operating since 1834 according to the FDIC. In FDIC branch records, the longest-running branch is Bank of America's office at 690 Main St, dating to 1957; the newest is Reading Co-operative Bank's at 526 Main St, from 2020.
The only credit union with an office here is Metro Credit Union.
Of the 4 locations with published hours. 3 open on Saturday. 5 locations have no published hours in these sources.
Banks and credit unions open on Saturday in Melrose
Short answer: 3 of the 4 Melrose locations with published hours open on Saturday, run by 3 institutions.
- TD Bank: 1 of 1 branch (476 Main St: Saturday 9 am to 1 pm)
- Santander: 1 of 1 branch (492 Main St: Saturday 9 am to 1 pm)
- Metro Credit Union: 1 of 1 office (138 Main St: Saturday 9 am to 1 pm)
Credit union hours are the text each credit union filed with the NCUA, call report as of March 31, 2026; a day the filing does not mention is shown as not published, never as closed. Bank branches show hours only where the bank publishes them in a source this page uses; 5 of the 9 locations here have no published hours yet. The source and date sit under each office. Banks and credit unions often close on Federal Reserve holidays; call ahead.
Chase, Bank of America and other national banks
Which big national banks have branches in Melrose, and where the nearest one is if they do not.
Short answer: In Melrose: Bank of America (1), TD Bank (1). No branches in Melrose: Chase (nearest in Saugus, 2 mi), Wells Fargo (nearest in Boston, 7 mi), PNC Bank (nearest in Lynnfield, 4 mi), U.S. Bank, Truist, Fifth Third Bank, Huntington, Regions Bank, BMO.
| Bank | In Melrose | Nearest branch if none here |
|---|---|---|
| Bank of America | 1 branch | here |
| TD Bank | 1 branch | here |
| Chase | None | Saugus, 2 miles away |
| Wells Fargo | None | Boston, 7 miles away |
| PNC Bank | None | Lynnfield, 4 miles away |
| U.S. Bank | None | none in Massachusetts |
| Truist | None | none in Massachusetts |
| Fifth Third Bank | None | none in Massachusetts |
| Huntington | None | none in Massachusetts |
| Regions Bank | None | none in Massachusetts |
| BMO | None | none in Massachusetts |
Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Melrose to the nearest branch in Massachusetts.
What your savings could earn
National benchmarks and the best published offers, from the Banrox Bank Rates tracker. Enter your own balance and rate to compare.
Short answer: At the national average savings rate of 0.38%, $10,000 kept in savings for a year earns about $38. The best published savings rate in the tracker, 3.75% at CIT Bank, earns about $375. The national average 12-month CD pays 1.71%.
| Offer | Bank | APY | Term | Minimum |
|---|---|---|---|---|
| Savings | CIT Bank | 3.75% | none | $5,000 |
| Savings | Barclays | 3.50% | none | $0 |
| Savings | Marcus by Goldman Sachs | 3.40% | none | $0 |
| CD | Synchrony Bank | 4.35% | 60 Months | $0 |
| CD | Marcus by Goldman Sachs | 4.35% | 24 Months | $500 |
| CD | American Express National Bank | 4.25% | 10 Months | $0 |
Rates are the banks' published APYs as tracked on the Banrox Bank Rates page, with the date next to each benchmark; they are not offers from Banrox and can change daily. Interest is before tax. The best offers are mostly online banks and are open to Melrose residents like anyone else.
Banks near Melrose
Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.
Short answer: The closest towns with more choice are Malden (2 miles) and Saugus (2 miles). Saugus, 2 miles away, has the most banks nearby: 9.
| City | Distance | Banks | Branches |
|---|---|---|---|
| Banks in Malden, MA | 2 mi | 8 | 10 |
| Banks in Saugus, MA | 2 mi | 9 | 12 |
| Banks in Stoneham, MA | 3 mi | 5 | 6 |
| Banks in Wakefield, MA | 3 mi | 5 | 8 |
| Banks in Everett, MA | 4 mi | 7 | 9 |
| Banks in Medford, MA | 4 mi | 9 | 13 |
| Banks in Winchester, MA | 4 mi | 6 | 7 |
| Banks in Revere, MA | 4 mi | 8 | 11 |
Bank branch openings and closings in Melrose
FDIC branch records, between September 5, 2025 and September 5, 2026.
Short answer: FDIC branch records show no bank branch openings in Melrose between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.
Largest banks in Melrose by total assets
Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Melrose offices.
Short answer: Bank of America is the largest bank with offices in Melrose, with $2.65 trillion in total assets on June 30, 2026, No. 2 among U.S. banks by total assets. TD Bank is second with $342.80 billion. Local deposit shares will follow once the FDIC Summary of Deposits is imported.
| Bank | Total assets | Rank | Offices here | Main office |
|---|---|---|---|---|
| Bank of America | $2.65 trillion | No. 2 | 1 | Charlotte, NC |
| TD Bank | $342.80 billion | No. 13 | 1 | Wilmington, DE |
| Santander | $103.96 billion | No. 32 | 1 | Wilmington, DE |
| Eastern Bank | $31.13 billion | No. 70 | 1 | Boston, MA |
| Rockland Trust | $24.97 billion | No. 86 | 1 | Rockland, MA |
| Cambridge Savings Bank | $6.98 billion | No. 222 | 1 | Cambridge, MA |
| Northern Bank | $3.38 billion | No. 382 | 1 | Woburn, MA |
| Reading Co-operative Bank | $1.19 billion | No. 904 | 1 | Reading, MA |
Total assets and ranks from FDIC BankFind as of June 30, 2026. Rank is among active banks that report total assets to the FDIC.
Banks in Melrose: FAQ
How many banks are in Melrose, MA?
Melrose has 8 banks with 8 branches and 1 credit union with 1 office, according to FDIC data as of September 5, 2026 and NCUA data as of March 31, 2026.
Which bank has the most branches in Melrose?
Bank of America, with 1. TD Bank has 1 and Santander has 1.
Is there a Bank of America in Melrose, MA?
Yes. FDIC data lists 1 Bank of America branch in Melrose as of September 5, 2026. The address and directions are under Bank of America above.
Is there a TD Bank in Melrose, MA?
Yes. FDIC data lists 1 TD Bank branch in Melrose as of September 5, 2026. The address and directions are under TD Bank above.
Is there a Santander in Melrose, MA?
Yes. FDIC data lists 1 Santander branch in Melrose as of September 5, 2026. The address and directions are under Santander above.
Is there a Chase in Melrose, MA?
No. FDIC data lists no Chase branch in Melrose as of September 5, 2026. The nearest is in Saugus, about 2 miles away in a straight line.
Which banks in Melrose are open on Saturday?
TD Bank, Santander and Metro Credit Union publish Saturday hours for one or more Melrose locations. The Saturday section above lists each one with its hours. 5 of the 9 locations here do not publish hours in the sources this page uses; call ahead.
What is the oldest bank in Melrose?
Cambridge Savings Bank has the longest record among banks with a branch here: the FDIC shows it operating since 1834.
Which credit unions can I join in Melrose?
Metro Credit Union has an office in Melrose. Check each credit union's membership rules before you apply.
Did any bank branches open or close in Melrose in the past year?
FDIC branch records show no branch openings between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.
Where can I find more banks near Melrose?
Nearby cities with more banks include Malden, Saugus, Stoneham. Malden is 2 miles away with 8 banks.
How we build this page
Every figure above comes from one of these sources. Nothing is typed by hand, nothing is estimated.
| Data | Source | License | Updated | Data as of |
|---|---|---|---|---|
| FDIC-insured banks: branches, main offices, total assets, dates established | FDIC BankFind Suite API | Public data (U.S. government) | Monthly import | Sep 5, 2026 |
| Credit union offices, phones and hours as filed with the NCUA, total assets | NCUA call report data | Public data (U.S. government) | Quarterly import | Mar 31, 2026 |
| Bank branch hours, phones and branch pages (3 of 8 branches: Bank of America, Santander, TD Bank) | The banks' own branch locators, collected by All The Places | CC0 (All The Places data); each bank's locator is the primary source | Weekly spider run, monthly refresh here | Oct 10, 2026 |
| Savings and CD rates, national averages | Banrox Bank Rates | Banrox, from the banks' own rate pages and FDIC national rates | Weekly | see each rate |
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