NB Business Savings

Business Banking customers are paired with their own personal banker to ensure they have a consistent point of contact; a concierge banker that will take the time to get to know the needs and goals of the business.

In addition to private bank levels of service, Business Banking customers have access to an array of online and mobile products powered by the same cutting-edge technology offered by national and international banks.

Needham Bank customers have the tools to effectively manage finances with the confidence they have a concierge banker available at a moment's notice.

NB Business Money Market

Take advantage of higher interest rates with our NB Business Money Market account and make your savings grow, while maintaining the flexibility of keeping your funds available.

Designed for businesses of all sizes, an NB Business Money Market account has a $250 minimum to open and pays a higher rate of interest than either our Savings and Checking accounts.

  • Tiered interest rate—the higher your balance, the higher your rate.
  • No monthly account or maintenance fees
  • Includes NB Online and Mobile banking
  • Up to 6 transactions per month; this includes outbound Wires, ACH, checks, transfers, and bill pay
  • All deposits are 100% insured in full by the FDIC and the SIF

Contact your local branch with any questions and to get started.

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NB Business CDs and IRAs

For businesses, getting the most out of your working capital is a continual challenge.

Make your working capital work harder for you, by taking advantage of Needham Bank's competitive CD terms and interest rates.

If you can commit to keeping your money invested for a longer term, Certificate of Deposits (CD) are a great place to save. CDs are secure, and earn a higher rate of interest than standard savings accounts.

Needham Bank offers competitive CD interest rates and wide variety of terms (ranging from 3 months to 5 years), all with a low minimum investment balance.

As with any term based product, there may be a penalty for early withdrawal. Fees may also reduce earnings.

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Self Employment Plan (SEP) IRAs

If you own your own business a Needham Bank SEP IRA is a great option for planning for your employees' retirement.

Whether you choose a CD or Money Market IRA, your contributions may be tax-deductible and can grow without being taxed each year. Automatic renewal options are also available for long-term security and convenience.

As with any term based product, there may be a penalty for early withdrawal. Fees may also reduce earnings.

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