Personal CDs and IRAs

Most people think of mutual funds when they think of long term savings. There's nothing wrong with that preconception, but there are times when you really just want a safe, dependable return on your investment

Our certificates of deposit (CDs) and individual retirement accounts (IRAs) are excellent options if you have a long term savings goal.

Whether you choose one of our many CD term offerings, or want your money to grow tax free in a CD or Money Market IRA, Needham Bank offers competitive interest rates, and low minimum investments.

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Benefits & Features 

Safely Grow Your Money 

What is your long-term savings goal? Make steady progress and earn a guaranteed return on your investment with insured money in the bank. Save smarter with our dependable CD and IRA options. Learn More

Low Minimum Balance

You don’t need thousands of dollars to start progressing towards your long-term savings goals. Get a personal CD or IRA at our competitive interest rates and start growing your money today. View Deposit Rates

Fully Insured Deposits

All deposits at Needham Bank are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).

CD and IRA Highlights

  • Minimum deposits starting as low as $1,000
  • Competitive rates
  • Flexible product choices

Compare Test Products

  BusinessExpress Term Business Term Business Line of Credit Business Mortgage

Interest Rate

Fixed Fixed Variable Fixed or Variable


60 months Up to 7 years Demand Up to 20 years

Monthly Payment

Principal and Interest Principal and Interest Interest Only Principal and Interest

$10,000 Minimum

Yes Yes Yes Yes

$100,000 Maximum

Yes No No No

Business Checking Required

Yes Yes Yes Yes

Estimated Closing Time

2 Business Days Varies Varies Varies

To Apply

Apply Now Apply Now Apply Now Apply Now

Serving Our Clients

How to Save More Money with CDs/Share Certificates

A certificate of deposit is a smart savings option that helps you save more money over a period of time. Learn how to save more with CDs from Needham Bank.

Learn more about How to Save More Money with CDs/Share Certificates


What types of savings accounts do you offer?

Needham Bank offers Money Market and Statement Savings accounts. Please check out our Deposit Rates page for current rate information.


Does Needham Bank have an App?

Yes, Needham Bank offers two apps – one for consumer online banking and one for business online banking. Please search “Needham Bank” from within the iTunes or Google Play app stores.

What products can I apply for online?

Personal Checking, Savings, Money Market, CD Accounts, Consumer and Residential Loans are available to open online. At this time, no business accounts or Individual Retirement Accounts (IRAs) can be opened online.

Knowledge Center

The Best Time to Save Money on Products and Services

From cars to appliances, Needham Bank can help you discover the best time to purchase your next grill, mattress, TV and more. See when you can save, today.

Learn more about The Best Time to Save Money on Products and Services

Our CDs and IRAs are reliable options to help you achieve your long-term savings goals. Make your money grow with a dependable return on your investment.

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