Self-Employment Plan (SEP) IRAs

As a business owner, you’ve got a lot to consider, including planning for your employees’ future. Let us help: make tax-deductible contributions to a Needham Bank IRA and grow your money without being taxed each year.

NB SEP IRAs are available to all our business clients. Contact one of our bankers directly or visit one of our local branches to learn more or open an account.

Benefits & Features

Automatic Renewal Options 

Give yourself peace of mind with the long-term security and convenience that comes with our automatic renewal options.

Fully Insured Deposits 

All deposits at Needham Bank are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Share Insurance Fund (SIF).

Your Money, Your Way

Save your money for the future with competitive interest rates and a wide variety of term options, all with a low minimum investment balance. As long as you keep your money invested for the full term, you won’t face any penalties for early withdrawals.

SEP IRA Highlights

  • Minimum deposits starting as low as $250
  • Competitive rates
  • Flexible product choices

Serving Our Clients

Farmhouse and Buttercup

“They are very approachable and extremely hands-on. So when it came time to expand, Needham Bank was a natural financing choice for us.” - Dora Tavel-Sanchez Luz

Learn more about Farmhouse and Buttercup

FAQs

What is the process for opening an account?

You can open a personal checking, savings or CD account any time online. Or, you can stop by your nearest Needham Bank branch and one of our customer service representatives will be able to assist you in opening a new account. Make sure to have two forms of identification, your social security or Tax ID number, and your initial deposit.

What are the benefits of using NB Business Online Banking?

NB Business Online Banking is a great solution to managing your business accounts. It allows you to view account history, include multiple entities within one online profile, transfer funds, initiate wire requests, pay your bills and invoices online, pay your federal taxes online, and download your information into QuickBooks. NB Business Online is customizable to your business needs. We can help you save time and be more efficient.

What do I need to get started with NB Business Online and NB Business Mobile?

To enroll for Needham Bank’s Business Online Banking and Business Mobile, there are two self-registration locations:

First, on our Needham Bank website, in the top right corner, select Log In then select Business Banking. On the Login screen, click Register – Business to accept our Business Online Terms and Conditions and to complete the enrollment form.

Or second, please download and open the Needham Bank Business mobile app. Then click Register – Business to accept our Business Online Terms and Conditions and to complete the enrollment form.

If you experience any issues or have any concerns with the self-registration, please do not hesitate to visit us at a branch and we will be happy to enroll you in person.

Once the enrollment form(s) have been completed, we will process your enrollment and contact you within one to business days regarding your Business Online access and provide you a copy of our Business Online User Guide.

Knowledge Center

Steps for Starting a Small Business

If your ready to start a small business, then you should be taking advice and tips from the experts at Needham Bank. Explore our steps starting a business.

Learn more about Steps for Starting a Small Business

If you own your own business, plan for your employees’ retirement by growing tax-deductible contributions with long-term security and convenience. 

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