Best Banks & Checking Accounts in Medford, Massachusetts - July 2026
Brian McKay
Brian McKay
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The best checking rates for Medford, Massachusetts include Members Plus Credit UnionMembers Plus Credit Union29 High St, Medford, MA 02155 3801A+5.0 ★Texas Ratio: 2.36% Members Plus Checking at 0.10% APY, Eastern Bank Boston, MAEastern Bank Boston, MA503 Riverside Avenue, Medford, MA 02155A+5.0 ★Texas Ratio: 2.03% Premier Checking at 0.01% APY, St Marys Credit UnionSt Marys Credit UnionA+5.0 ★Texas Ratio: 0.60% Kasasa Cash Checking at 5.25% APY, Workers Federal Credit UnionWorkers Federal Credit UnionA5.0 ★Texas Ratio: 8.41% Advantage High Interest Checking at 4.50% APY, and BankGloucesterBankGloucesterB+4.7 ★Texas Ratio: 19.12% Elite Reward Checking at 4.06% APY. Checking account rates as of July 25, 2026 according to verified data from MonitorBankRates.
Medford has 2 local institutions in our database, with checking rates as high as 0.10% APY from Members Plus Credit Union at 29 High St, Medford, MA, 02155 3801. Use the tabs below to compare all available checking account types. Rates are continually updated — we recommend checking back frequently.
Checking account rates reflect recent market quotes and representative offers available to depositors in Medford, Massachusetts. Checking Account Rates Last Updated and Verified: July 25, 2026
Compare Checking Account Rates Today in Medford, Massachusetts & the Surrounding Area
Medford Checking Account Rates
Medford, MA 02155 3801
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Medford, MA 02155
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Qualifications Required; Qualifying balance up to $10,000.00
Qualifications Required: Qualifications Required; Qualifying balance up to $15,000.00
Qualifications Required: FIFTEEN (15) Debit Card purchases post and clear; ONE (1) ACH Direct Deposit post and clear; receive electronic statements; Variable rate, may change after account is opened. For balances over $25,000.00 APY may vary between 4.06%-0.25%. Fees may reduce earnings. Limited time offer. For full terms & conditions, visit: BankGloucester.com/disclosures.
Qualifying balance up to $15,000.00
Qualifications Required: Qualifications Required; 4.00% to 0.01% APY
Qualifications Required: Qualifications Required; If qualifications are met; Qualifying balance up to $10,000.00
Qualifications Required: If qualifications are met; Qualifying balance up to $10,000.00; If qualifications are met
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Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Qualifying balance up to $25,000.00
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Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login
Qualifications Required; Intro rate expires: 12 months; Regular APR: 19.99% - 29.99%
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Medford High Yield Checking Rates
Medford, MA 02155 3801
No additional details provided.
Qualifications Required; Qualifying balance up to $10,000.00
Qualifications Required: Qualifications Required; Qualifying balance up to $15,000.00
Qualifications Required: FIFTEEN (15) Debit Card purchases post and clear; ONE (1) ACH Direct Deposit post and clear; receive electronic statements; Variable rate, may change after account is opened. For balances over $25,000.00 APY may vary between 4.06%-0.25%. Fees may reduce earnings. Limited time offer. For full terms & conditions, visit: BankGloucester.com/disclosures.
Qualifications Required: Qualifications Required; 4.00% to 0.01% APY
Qualifications Required: Qualifications Required; If qualifications are met; Qualifying balance up to $10,000.00
Qualifying balance up to $15,000.00
Qualifications Required: If qualifications are met; Qualifying balance up to $10,000.00; If qualifications are met
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Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Qualifying balance up to $25,000.00
Qualifications Required; Intro rate expires: 12 months; Regular APR: 19.99% - 29.99%
Qualifications Required: If qualifications are met.; If qualifications are met.
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login
2.00% (1.98% if linked to Kasasa Saver)
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Medford Rewards Checking Rates
Qualifications Required; Qualifying balance up to $10,000.00
Qualifications Required: FIFTEEN (15) Debit Card purchases post and clear; ONE (1) ACH Direct Deposit post and clear; receive electronic statements; Variable rate, may change after account is opened. For balances over $25,000.00 APY may vary between 4.06%-0.25%. Fees may reduce earnings. Limited time offer. For full terms & conditions, visit: BankGloucester.com/disclosures.
Qualifying balance up to $15,000.00
Qualifications Required: Qualifications Required; 4.00% to 0.01% APY
Qualifications Required: Qualifications Required; If qualifications are met; Qualifying balance up to $10,000.00
Qualifications Required: If qualifications are met; Qualifying balance up to $10,000.00; If qualifications are met
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Qualifying balance up to $25,000.00
2.00% (1.98% if linked to Kasasa Saver)
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login
Qualifications Required; Intro rate expires: 12 months; Regular APR: 19.99% - 29.99%
Qualifications Required: enrollment in Online Banking and eStatements; direct deposits to the account totaling at least $100.00; 10 debit card purchases; Balances up to and including $15,000.00 will earn an APY of 1.26%. Balances in excess of $15,000.00 will earn an APY of 1.26% to 0.01%. If you do not meet the eligibility requirements during the statement cycle, the rate paid on your account on the entire balance will be 0.01% with an APY of 0.01%. Minimum balance to open the account is $10.00. Rate is subject to change. Fees may reduce earnings.
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login
Qualifying balance up to $15,000.00
On balances up to $25,000
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Qualifications Required: Qualifications Required; Qualifying balance up to $10,000.00
Qualifications Required: Qualifications Required; Over $20,000
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All balances if qualifications not met
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login
Medford Free Checking Rates
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Medford Student Checking Rates
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Medford Business Checking Rates
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Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Qualifying balance up to $10,000.00
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APY = Annual Percentage Yield. Minimum to open is $10. Rate information: The interest rate listed in a tier will be paid for only that portion of your daily balance range that is equal to or greater than the low balance amount but less than the high balance amount within that tier.
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Medford, MA Checking Rate Trends
Compare local Medford, MA checking rate quotes against the statewide average
Daily checking rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Massachusetts high-yield checking rates fell 0.046 points over the past 7 days to 0.978% APY.
Massachusetts free checking rates rose 0.008 points over the past 7 days to 0.412% APY.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Medford, Massachusetts checking rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Checking Rate Data: We aggregate checking account rates for Medford, Massachusetts directly from the official websites of banks and credit unions using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing this data from the institutions’ own digital properties and manually verifying the yields daily, we ensure that every checking rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems and team constantly monitor the market to provide a complete picture of available yields in Medford, Massachusetts. We feature a comprehensive mix of financial institutions, allowing you to easily compare localized checking rates from neighborhood credit unions, competitive offers from mid-sized regional banks, and high-yield checking accounts available to account holders in MA.
Daily Updates & Time-Stamped Accuracy: To maintain the highest level of data integrity, our rate updaters verify and update checking rates daily. Because checking account yields can fluctuate based on market conditions, every single checking product listed on our platform features its own specific “last updated” date.
Frequently Asked Questions
Do checking accounts in Medford, Massachusetts earn interest?
Are banks in Medford, Massachusetts FDIC insured?
What fees should I watch out for?
What is a Rewards Checking account?
Best Checking Rates in Medford, Massachusetts
- Members Plus Credit Union
Members Plus Checking — 0.10% APY - Eastern Bank Boston, MA
Premier Checking — 0.01% APY - St Marys Credit Union
Kasasa Cash Checking — 5.25% APY - Workers Federal Credit Union
Advantage High Interest Checking — 4.50% APY - BankGloucester
Elite Reward Checking — 4.06% APY
Medford, Massachusetts Rates & Resources
