Promotional CDs

We're all familiar with the concept.

Is the glass half empty or half full? As your banker, we listen as much, if not more than you, to the experts predicting the future of interest rates.

What we do know is this. Interest rates have risen, but what we don’t know is how many more rate increases there may soon be. We see many of our customers pulling money out of the market and going to cash. We see some instability out there, which may or may not be a sign of what’s to come in 2019.

That’s why we’ve increased our deposit interest rates, especially for folks bringing new deposits to us . As has been our practice for some time now, we make it easy to bank with us by offering a robust suite of online banking, five-star mobile banking, and nine conveniently located branches staffed by bankers committed to providing you with unparalleled service. If it is more convenient for you, we will come to your home or office to help you with the required account opening documentation which only takes minutes.

Current Rates for New to Bank Deposits as of February 14, 2019

Product APY (%) Rate (%) Minimum Deposit Minimum to Obtain APY
100 Day CD 2.00 1.98 $100,000 $100,000
1 Year CD 2.50 2.47 $1,000 $1,000
15 Month CD 2.55 2.52 $1,000 $1,000
18 Month CD 2.60 2.57 $1,000 $1,000
2 Year CD 2.70 2.66 $1,000 $1,000


The Promotional Annual Percentage Yields stated above are as of December 21, 2018 and available for funds not currently on deposit with Needham Bank. Minimum balance to obtain stated APY for 100 Day CD is $100,000; minimum balance to obtain stated APY for other terms listed is $1,000. Rates are subject to change. As with any Certificate of Deposit, fees and early withdrawal penalties could reduce earnings.

Open a Promotional CD online or by: