Deposit Rates

Current Personal Savings, CD, and IRA rates as of May 17, 2018.

Money Market Interest Rates

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Product APY (%) Rate (%) Minimum Deposit Minimum to Obtain APY
Money Market .25 .25 $250 $0
Money Market $25,000+ .30 .30 $250 $25,000
Money Market $50,000+ .35 .35 $250 $50,000
Money Market $100,000+ .40 .40 $250 $100,000

Money Market IRA Interest Rates

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Product APY (%) Rate (%) Minimum Deposit Minimum to Obtain APY
Money Market IRA .25 .25 $250 $0
Money Market IRA $25,000+ .30 .30 $250 $25,000
Money Market IRA $50,000+ .35 .35 $250 $50,000
Money Market IRA $100,000+ .40 .40 $250 $100,000

CD Interest Rates

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Product APY (%) Rate (%) Minimum Deposit Minimum to Obtain APY
5 Year Certificate of Deposit 2.10 2.08 $1,000 $1,000
4 Year Certificate of Deposit 2.05 2.03 $1,000 $1,000
3 Year Certificate of Deposit 2.00 1.98 $1,000 $1,000
2 Year Certificate of Deposit 1.90 1.88 $1,000 $1,000
18 Month Certificate of Deposit 1.80 1.78 $1,000 $1,000
1 Year Certificate of Deposit 1.25 1.24 $1,000 $1,000
6 Month Certificate of Deposit .65 .65 $2,500 $2,500
3 Month Certificate of Deposit .40 .40 $2,500 $2,500

CD IRA Interest Rates

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Product APY (%) Rate (%) Minimum Deposit Minimum to Obtain APY
5 Year IRA Certificate of Deposit 2.10 2.08 $250 $250
4 Year IRA Certificate of Deposit 2.05 2.03 $250 $250
3 Year IRA Certificate of Deposit 2.00 1.98 $250 $250
2 Year IRA Certificate of Deposit 1.90 1.88 $250 $250
18 Month IRA Certificate of Deposit 1.80 1.78 $250 $250
1 Year IRA Certificate of Deposit 1.25 1.24 $250 $250
6 Month IRA Certificate of Deposit .65 .65 $250 $250
3 Month IRA Certificate of Deposit .40 .40 $250 $250

Personal Savings Interest Rates

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Product APY (%) Rate (%) Minimum Deposit Minimum to Obtain APY
Statement Savings .10 .10 $10 $10
Passbook Savings .10 .10 $10 $10

Personal Checking Interest Rates

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Product APY (%) Rate (%) Minimum Deposit Minimum to Obtain APY
NB Checking .05 .05 $10 $0
NB Checking .10 .10 $10 $2,500

Business Checking Interest Rates

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Product APY (%) Rate (%) Minimum Deposit Minimum to Obtain APY
NB Business Interest Checking .05 .05 $50 $0
  • Annual Percentage Yield (APY)
  • All interest is credited monthly.
  • Interest is paid from day of deposit to day of withdrawal, if minimum balance is maintained.
  • 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 Share Insurance Fund (SIF) 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.