Deposit Rates

Current Savings, CD, and IRA rates as of February 3, 2023.

CD Special Interest Rates

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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

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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

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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

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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

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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

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Product APY (%) Rate (%) Minimum Deposit Minimum to Obtain APY
Statement SavingsOpen Online .05 .05 $10 $10

Personal Checking Interest Rates

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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

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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 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