Deposit Rates
Current Savings, CD, and IRA rates as of February 3, 2023.
CD Special Interest Rates
Open Online Learn More| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| 13 Month Certificate of Deposit*Open Online | 4.35 | 4.26 | $1,000 | $1,000 |
| 7 Month Certificate of Deposit*Open Online | 4.10 | 4.02 | $1,000 | $1,000 |
CD Interest Rates
Open Online Learn More| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| 5 Year Certificate of DepositOpen Online | 2.25 | 2.23 | $1,000 | $1,000 |
| 4 Year Certificate of DepositOpen Online | 2.20 | 2.18 | $1,000 | $1,000 |
| 3 Year Certificate of DepositOpen Online | 2.10 | 2.08 | $1,000 | $1,000 |
| 2 Year Certificate of DepositOpen Online | 2.00 | 1.98 | $1,000 | $1,000 |
| 18 Month Certificate of DepositOpen Online | 1.75 | 1.73 | $1,000 | $1,000 |
| 13 Month Certificate of Deposit*Open Online | 4.35 | 4.26 | $1,000 | $1,000 |
| 1 Year Certificate of DepositOpen Online | 1.25 | 1.24 | $1,000 | $1,000 |
| 6 Month Certificate of DepositOpen Online | 1.00 | 1.00 | $1,000 | $1,000 |
| 3 Month Certificate of DepositOpen Online | .50 | .50 | $1,000 | $1,000 |
IRA CD Interest Rates
Learn More| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| 5 Year IRA Certificate of Deposit | 2.25 | 2.23 | $250 | $250 |
| 4 Year IRA Certificate of Deposit | 2.20 | 2.18 | $250 | $250 |
| 3 Year IRA Certificate of Deposit | 2.10 | 2.08 | $250 | $250 |
| 2 Year IRA Certificate of Deposit | 2.00 | 1.98 | $250 | $250 |
| 18 Month IRA Certificate of Deposit | 1.75 | 1.73 | $250 | $250 |
| 13 Month IRA Certificate of Deposit* | 4.35 | 4.26 | $250 | $250 |
| 1 Year IRA Certificate of Deposit | 1.25 | 1.24 | $250 | $250 |
| 7 Month IRA Certificate of Deposit* | 4.10 | 4.02 | $250 | $250 |
| 6 Month IRA Certificate of Deposit | 1.00 | 1.00 | $250 | $250 |
| 3 Month IRA Certificate of Deposit | .50 | .50 | $250 | $250 |
Money Market Interest Rates
Open Online Learn More| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| Money MarketOpen Online | .10 | .10 | $250 | $0 |
| Money Market $25,000+Open Online | .15 | .15 | $250 | $25,000 |
| Money Market $50,000+Open Online | .25 | .25 | $250 | $50,000 |
| Money Market $100,000+Open Online | .30 | .30 | $250 | $100,000 |
IRA Money Market Interest Rates
Learn More| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| Money Market IRA | .10 | .10 | $250 | $0 |
| Money Market IRA $25,000+ | .15 | .15 | $250 | $25,000 |
| Money Market IRA $50,000+ | .25 | .25 | $250 | $50,000 |
| Money Market IRA $100,000+ | .30 | .30 | $250 | $100,000 |
Personal Savings Interest Rates
Open Online Learn More| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| Statement SavingsOpen Online | .05 | .05 | $10 | $10 |
Personal Checking Interest Rates
Open Online Learn More| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| NB CheckingOpen Online | .05 | .05 | $10 | $0 |
| NB CheckingOpen Online | .05 | .05 | $10 | $2,500 |
Business Checking Interest Rates
Learn More| 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 on your account will be compounded continuously and credited monthly. If you close your account before the monthly statement cycle date, you will forfeit the uncredited interest.
- 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 Depositors Insurance Fund (DIF) 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.
*Personal Accounts only