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NB Passbook Savings
Our most basic savings account.
Remember when all of your savings transactions were recorded in a passbook? Just because it is old fashioned, doesn't mean that a NB Passbook Savings will not help you meet your savings goals.
NB Passbook Savings is simple, pays a competitive interest rate, and never has a maintenance fee. It's perfect for that child you want to teach how to save, or for someone that wants a simple and easy to understand savings account.
With Passbook Savings, transfers to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by a debit card are limited to six per statement cycle. Limits do not apply to withdrawals or transfers made at a branch, by mail, or ATM, and do not apply to 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).
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