Personal Savings

Saving money is truly a national concern, as too many of us are simply not saving for the future. That’s why we offer easy ways to save, great rates, and no fees on deposit accounts regardless of balance. We’ve designed our accounts, from Money Markets to Passbook Savings, to be flexible and rewarding for clients of any deposit level.

When you pair your account to NB Mobile and Online Banking, you’ll also be empowered with the latest in budgeting and financial management software to help take your financial planning as well as education to the next level.

Uniquely, at Needham Bank all deposits are insured in full through a combination of insurance provided by the Share Insurance Fund (SIF) and Federal Deposit Insurance Corporation (FDIC).

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NB Money Market

Take advantage of our NB Money Market account’s higher interest rates to make your savings grow, while maintaining the flexibility of keeping your funds liquid.

Designed for higher balances, an NB Money Market account has a $250 minimum to open and pays a higher rate of interest when compared to our standard savings accounts.

Features:

  • Tiered interest rate – higher the balance, the higher your rate
  • No monthly account or maintenance fees
  • Available as a Sweep Account
  • All deposits are 100% insured in full
  • Includes NB Mobile and Online Banking
  • Up to 6 transactions per month; this includes ACH, checks, transfers, and bill pay

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NB Statement Savings

NB Statement Savings is an easy to understand, straight forward option for those looking for a standard savings account.

Features:

  • No monthly account or maintenance fees
  • All deposits are 100% insured in full
  • Competitive interest rate
  • Includes NB Mobile and Online Banking
  • Up to 6 transactions per month; this includes ACH, checks, transfers, and bill pay

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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.

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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Personal CDs and 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 retirement accounts (IRAs) are excellent options if you have a long term savings goal.

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.

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