Deposit Rates

Current Savings, CD, and IRA rates as of December 8, 2022.

CD Rates – Personal

CD Special Interest Rates

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Product APY (%) Rate (%) Minimum Deposit Minimum to Obtain APY
15 Month Certificate of Deposit Open Online 4.00 3.92 $1,000 $1,000
9 Month Certificate of DepositOpen Online 3.75 3.68 $1,000 $1,000
100 Day Certificate of DepositOpen Online 3.00 2.96 $100,000 $100,000

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
15 Month Certificate of Deposit Open Online 4.00 3.92 $1,000 $1,000
1 Year Certificate of DepositOpen Online 1.25 1.24 $1,000 $1,000
9 Month Certificate of DepositOpen Online 3.75 3.68 $1,000 $1,000
6 Month Certificate of DepositOpen Online .55 .55 $1,000 $1,000
100 Day Certificate of DepositOpen Online 3.00 2.96 $100,000 $100,000
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
15 Month IRA Certificate of Deposit 4.00 3.92 $250 $250
1 Year IRA Certificate of Deposit 1.25 1.24 $250 $250
9 Month IRA Certificate of Deposit 3.75 3.68 $250 $250
6 Month IRA Certificate of Deposit .55 .55 $250 $250
100 Day IRA Certificate of Deposit 3.00 2.96 $100,000 $100,000
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 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 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.
  • All 100 Day CD's and IRA's opened prior to 10/28/2022 will obtain the APY with a minimum of $50,000.