Deposit Rates
Current Savings, CD, and IRA rates as of November 14, 2019.
| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| 100 Day Certificate of Deposit | 2.00 | 1.98 | $50,000 | $50,000 |
| 1 Year Certificate of Deposit | 2.10 | 2.08 | $1,000 | $1,000 |
| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| 5 Year Certificate of Deposit | 2.05 | 2.03 | $1,000 | $1,000 |
| 4 Year Certificate of Deposit | 2.05 | 2.03 | $1,000 | $1,000 |
| 3 Year Certificate of Deposit | 2.05 | 2.03 | $1,000 | $1,000 |
| 2 Year Certificate of Deposit | 2.05 | 2.03 | $1,000 | $1,000 |
| 18 Month Certificate of Deposit | 2.05 | 2.03 | $1,000 | $1,000 |
| 15 Month Certificate of Deposit | 2.05 | 2.03 | $1,000 | $1,000 |
| 1 Year Certificate of Deposit | 2.10 | 2.08 | $1,000 | $1,000 |
| 6 Month Certificate of Deposit | 2.00 | 1.98 | $2,500 | $2,500 |
| 100 Day Certificate of Deposit | 2.00 | 1.98 | $50,000 | $50,000 |
| 3 Month Certificate of Deposit | .40 | .40 | $2,500 | $2,500 |
IRA CD Interest Rates
Learn More| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| 5 Year IRA Certificate of Deposit | 2.05 | 2.03 | $250 | $250 |
| 4 Year IRA Certificate of Deposit | 2.05 | 2.03 | $250 | $250 |
| 3 Year IRA Certificate of Deposit | 2.05 | 2.03 | $250 | $250 |
| 2 Year IRA Certificate of Deposit | 2.05 | 2.03 | $250 | $250 |
| 18 Month IRA Certificate of Deposit | 2.05 | 2.03 | $250 | $250 |
| 15 Month IRA Certificate of Deposit | 2.05 | 2.03 | $1,000 | $1,000 |
| 1 Year IRA Certificate of Deposit | 2.10 | 2.08 | $250 | $250 |
| 6 Month IRA Certificate of Deposit | 2.00 | 1.98 | $250 | $250 |
| 100 Day IRA Certificate of Deposit | 2.00 | 1.98 | $50,000 | $50,000 |
| 3 Month IRA Certificate of Deposit | .40 | .40 | $250 | $250 |
| 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 |
IRA Money Market Interest Rates
Learn More| 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 |
| Product | APY (%) | Rate (%) | Minimum Deposit | Minimum to Obtain APY |
|---|---|---|---|---|
| Statement Savings | .10 | .10 | $10 | $10 |
| 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
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 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.