CDs & IRAs
Most people think of mutual funds when they think of long term savings. There's nothing wrong with that preconception, but there are times when you really just want a safe, dependable return on your investment
Our certificates of deposit (CDs) and individual retirment accounts (IRAs) are excellent options for savings if you have a long term time horizon.
Whether you choose one of our many CD term offerings, or want your money to grow tax free in a CD or Money Market IRA, Needham Bank offers competitive interest rates, and low minimum investments.
Prefer to Open Your CD in person?
Tell us when you'd like to come in, and we'll be ready for your arrival.
Click here for our Book-A-Banker feature.
In addition to this short term CD special, it may be of interest to know that we consistently have deposit rates at the top of the market.
View All Deposit Rates
Please note the Annual Percentage Yield stated above is as of June 18, 2015. Minimum balance to obtain stated APY is $1,000 and rates are subject to change. As with any Certificate of Deposit, fees and early withdrawal penalties could reduce earnings. Online account opening is currently only available for residents of Massachusetts.
NB Certificate of Deposits (CD) are a great place to save when you can commit to keeping your money invested for the long term.
CDs are secure, and earn a higher rate of interest than standard savings accounts.
NB Certificates of Deposit offer competitive interest rates and terms(3 months to 5 years) with a low minimum investment.
Needham Bank's Individual Retirement Accounts combine the tax benefits of an Individual Retirement Account (IRA)
with the security and peace-of-mind of a CD.
Needham Bank offers competitive interest rates and terms for Traditional, Roth, and SEP (Self-Employed Retirement Plan) IRAs.
Your contributions may be tax-deductible and can grow without being taxed each year. Automatic renewal options are also available for long-term security and convenience.
As with any term based product, there may be a penalty for early withdrawal. Fees may also reduce earnings.
Sometimes, you want your money to grow tax free, but you need more flexibility.
Our NB Money Market IRAsm accounts provide you with all of the benefits of an IRA combined with the convenience and competitive rates of our Money Market account.
With an NB Money Market IRAsm, you have you access to your money at any time without early withdrawal penalties. In addition, customers over age 59 1/2 can receive penalty free distribution.
NB Money Market IRAsm allows you the flexibility to manage your retirement savings your way!
As with any investment product, fees may reduce earnings.
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