Needham Bank deposit products:
Needham Bank deposit products:
Whether you want a no-fee everyday account or a high-interest checking option, Needham Bank offers flexible solutions designed to help you manage your money with confidence.
Whether you want a no-fee everyday account or a high-interest checking option, Needham Bank offers flexible solutions designed to help you manage your money with confidence.
Flex Checking gives you the essentials you need with the flexibility you want — no monthly fees, full ATM fee reimbursements, and tools to help you stay on top of your finances.
Premium Checking is designed for customers who keep higher balances and want more from their everyday account.
Earn 2.00% APY* on balances over $20,000 and unlock access to additional savings opportunities.
All Needham Bank personal checking accounts include:
| Features | Flex Checking | Premium Checking |
|---|---|---|
| Additional Features | Free ATMs worldwide, free credit score monitoring, GoalGetter Savings pairing | Free ATMs, premium interest rate, access to Premium Money Market, exclusive perks |
| Ideal for | Individuals who want easy, no-fee banking with the flexibility to manage everyday finances confidently | Higher net worth individuals who want to maximize interest while maintaining everyday access |
| Minimum to Open | $10 | $10 |
| Monthly maintenance fee if requirements aren't met | $0 | $25 this fee can be waived by meeting the requirements below* |
| Requirement to waive monthly maintenance fee each statement cycle | N/A | Enrolled in eStatements and either $5,000 in direct deposits or $50,000 in combined deposits at Needham Bank |
| Interest-bearing | Yes | Yes |
| Exclusive Benefits | Access to GoalGetter Savings Account, a low-balance high-yield savings account | Access to a high-yield Premium Money Market account |
| Free ATMs Worldwide | Yes | Yes |
| How to Open | Open Online or in a Branch | Open Online or in a Branch |
Built with you and your financial goals in mind, open a Needham Bank personal checking account online or at your nearest branch today.
You can have as many checking accounts as you want! However, when it comes to personal finances, intention and strategy go hand-in-hand. Let’s talk about why you might need more than one and how we can help.
If a checking account is like your money’s home base, a savings account is like a secret room. Stashing funds away in a savings account means they’re not quite as easily accessible, and you’ll usually earn a little more interest too.
Good news: Your Flex Checking account has no minimum balance requirement to earn interest. However, if we’re talking about financial health, it’s probably a good idea to keep enough money to cover things like bills, outings, and unexpected expenses. If you’re not sure what that number is, we can help!
Nope! You can open your Needham Bank checking account without worrying about a ding on that shiny credit score.
All you need to open a checking account is five minutes — plus some basic personal information and an ID, like your driver’s license.
*Annual Percentage Yield (APY) effective as of March 18, 2026. We pay interest on your total balance based on the tier that your balance falls in. Tiers are balances up to $19,999.99 earn 0.10%, balances of $20,000 and above earn 2.00%. Rates subject to change. A minimum opening deposit of at least $10 is required. To waive the $25.00 monthly maintenance fee, maintain each statement cycle: eStatements and either $5,000 in direct deposits or $50,000 in combined deposits at Needham Bank. Fees may reduce earnings.
