Simplified Employee Pension (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.

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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 Depositors Insurance Fund (DIF).

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

Village Forge, Inc.

“Needham Bank was there for Village Forge when no one else was. Every employee I’ve interacted with has gone out of their way to assist me however they can, which isn’t what...

Learn more about Village Forge, Inc.


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.

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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