Business Deposit Rates

Current certificate of deposit (CD), savings and checking rates as of December 5, 2024

Business CD Special Interest Rates

1 Year CD
3.00 %APY*
3 Month CD
3.25%APY*

Business CD Special Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
1 Year Certificate of Deposit3.002.96$1,000$1,000
3 Month Certificate of Deposit3.253.20$1,000$1,000

Business CD Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
5 Year Certificate of Deposit2.252.23$1,000$1,000
4 Year Certificate of Deposit2.202.18$1,000$1,000
3 Year Certificate of Deposit2.102.08$1,000$1,000
2 Year Certificate of Deposit2.001.98$1,000$1,000
1 Year Certificate of Deposit3.002.96$1,000$1,000
6 Month Certificate of Deposit3.002.96$1,000$1,000
3 Month Certificate of Deposit3.253.20$1,000$1,000

Business Money Market Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
Money Market.10.10$250$0-$24,999.99
Money Market $25,000+.15.15$250$25,000-$49,999.99
Money Market $50,000+.25.25$250$50,000-$$99,999.99
Money Market $100,000+.30.30$250$100,000+

Business Savings Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
NB Business Savings.05.05$10$0

Business Checking Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
NB Business Interest Checking.05.05$50$0

* Annual Percentage Yield (APY)

  • All interest is credited monthly.
  • Interest on your account will be compounded continuously and credited monthly. If you close your account before the monthly statement cycle date, you will forfeit the uncredited interest.
  • Fees can reduce earnings of an account.
  • Interest rates are subject to change at the discretion of Needham Bank.
  • All Deposits are fully insured. The Federal Deposit Insurance Corporation (FDIC) insures the first $250,000 of deposits, the Depositors Insurance Fund (DIF) insures all deposits above that amount.
  • For CDs: a substantial penalty is required if partial or full withdrawal is made before CD maturity.