Deposit Rates

Current certificate of deposit (CD), IRA, savings and checking rates as of November 30, 2023

Special Interest Rates

11 Month CD
5.40 %APY*
9 Month CD
5.25%APY*
7 Month CD
5.15%APY*
3 Month CD
4.95%APY*
View all Rates

CD Special Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
11 Month Certificate of Deposit*
Open 11 Month CD Online		5.405.26$1,000$1,000
9 Month Certificate of Deposit*
Open 9 Month CD Online		5.255.12$1,000$1,000
7 Month Certificate of Deposit*
Open 7 Month CD Online		5.155.02$1,000$1,000
3 Month Certificate of Deposit*
Open 3 Month CD Online		4.954.83$1,000$1,000

CD Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
5 Year Certificate of Deposit
Open 5 Year CD Online		2.252.23$1,000$1,000
4 Year Certificate of Deposit
Open 4 Year CD Online		2.202.18$1,000$1,000
3 Year Certificate of Deposit
Open 3 Year CD Online		2.102.08$1,000$1,000
2 Year Certificate of Deposit
Open 2 Year CD Online		2.001.98$1,000$1,000
18 Month Certificate of Deposit
Open 18 Month CD Online		1.751.73$1,000$1,000
1 Year Certificate of Deposit
Open 1 Year CD Online		3.002.96$1,000$1,000
11 Month Certificate of Deposit*
Open 11 Month CD Online		5.405.26$1,000$1,000
9 Month Certificate of Deposit*
Open 9 Month CD Online		5.255.12$1,000$1,000
7 Month Certificate of Deposit*
Open 7 Month CD Online		5.155.02$1,000$1,000
6 Month Certificate of Deposit
Open 6 Month CD Online		1.001.00$1,000$1,000
3 Month Certificate of Deposit*
Open 3 Month CD Online		4.954.83$1,000$1,000

IRA CD Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
5 Year IRA Certificate of Deposit2.252.23$250$250
4 Year IRA Certificate of Deposit2.202.18$250$250
3 Year IRA Certificate of Deposit2.102.08$250$250
2 Year IRA Certificate of Deposit2.001.98$250$250
18 Month IRA Certificate of Deposit1.751.73$250$250
1 Year IRA Certificate of Deposit3.002.96$250$250
11 Month IRA Certificate of Deposit*5.405.26$250$250
9 Month IRA Certificate of Deposit*5.255.12$250$250
7 Month IRA Certificate of Deposit*5.155.02$250$250
6 Month IRA Certificate of Deposit 1.001.00$250$250
3 Month IRA Certificate of Deposit*4.954.83$250$250

Money Market Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
Super Saver Money Market**
Open Super Saver Money Market Online		.50.50$250$0
Super Saver Money Market $50,000+**
Open Super Saver Money Market 50K+ Online		4.504.40$250$50,000
Money Market
Open Money Market Online		.10.10$250$0
Money Market $25,000+
Open Money Market $25,000+ Online		.15.15$250$25,000
Money Market $50,000+
Open Money Market $50,000+ Online		.25.25$250$50,000
Money Market $100,000+
Open Money Market $100,000+ Online		.30.30$250$100,000

IRA Money Market Interest Rates

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

Personal Savings Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
Statement Savings
Open Statement Savings Online		.05.05$10$10

Personal Checking Interest Rates

ProductAPY (%)Rate (%)Minimum DepositMinimum to Obtain APY
NB Checking
Open NB Checking Online		.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 and IRA accounts: a substantial penalty is required if partial or full withdrawal is made before CD or IRA maturity.

*Personal Accounts only.

**Super Saver Money Market offer is available to new customers only or existing customers who deposit $10,000 or more in new-to-Needham Bank funds. Needham Bank personal checking account required; a minimum opening deposit of at least $10 is required to open an account. Rates subject to change. Personal accounts only. Some restrictions apply. If qualifications are not met within 60 days of account opening, the Super Saver Monday Market account may be converted to the standard Money Market Account.