Great if you want to lock in a competitive rate while keeping your savings accessible sooner.
Helpful for funds you can set aside longer in exchange for a guaranteed term.
A simple way to grow your savings with confidence.
Whether you’re saving for a future purchase or setting aside money you do not need right away, a CD can help you earn more with a fixed rate of return for a set term.
We offer IRA Certificate of Deposits (IRA CDs) as a secure way to grow retirement savings with fixed, predictable returns and valuable tax advantages. FDIC-insured and protected from market volatility, it’s a smart choice for those seeking stability in their retirement portfolio.
Getting started is simple. Stop by one of our branch locations in Massachusetts or New Hampshire, or open your account online—choose your term, fund your account, and start earning with a fixed rate you can count on.
A certificate of deposit, or CD for short, is a type of long-term savings vehicle that allows you to deposit a certain amount of money for a specific period of time. While you won’t be able to access your funds for that period of time, you’ll receive higher interest payments in exchange.
Most personal CD accounts can be opened with as little as $1,000. The 7-Month CD currently requires a $25,000 minimum opening deposit. Contact us to learn more about the CDs offered and current CD rates.
CDs are designed to keep your funds on deposit until maturity. Withdrawing funds early may result in penalties and could reduce the interest earned on your CD.
Yes, all Needham Bank personal CDs are FDIC insured up to applicable limits, providing added security for your savings.
Yes. You can open a CD online in just a few steps. We offer a range of personal CDs with competitive CD interest rates and flexible terms to help you earn higher interest rates on your savings.