Rates effective as of April 1, 2024
APY = Annual Percentage Yield. APY assumes interest remains on deposit until maturity. Interest rates and APY may change after accounts are opened. Fees and/or withdrawals will reduce earnings.
| Term |
Minimum Deposit to Open Account |
Interest Rate* |
APY |
Compounding and Crediting Frequency |
Early Withdrawal Penalties** |
| 3 Months |
$1,000 |
2.10% |
2.12% |
Maturity |
3 month loss of interest can be taken from principal |
| 3 Months |
$10,000 |
2.20% |
2.22% |
Maturity |
3 month loss of interest can be taken from principal |
| 6 Months |
$1,000 |
2.20% |
2.21% |
Maturity |
3 month loss of interest can be taken from principal |
| 6 Months |
$10,000 |
2.30% |
2.31%
|
Maturity |
3 month loss of interest can be taken from principal |
| 12 Months |
$1,000 |
2.40% |
2.40% |
Maturity |
6 month loss of interest can be taken from principal |
| 12 Months |
$10,000 |
2.50% |
2.50% |
Maturity |
6 month loss of interest can be taken from principal |
| 24 Months |
$1,000 |
2.40% |
2.40% |
Annually & at Maturity |
6 month loss of interest can be taken from principal |
| 24 Months |
$10,000 |
2.50% |
2.50% |
Annually & at Maturity |
6 month loss of interest can be taken from principal |
| 36 Months |
$1,000 |
2.30% |
2.30% |
Annually & at Maturity |
12 month loss of interest can be taken from principal |
| 36 Months |
$10,000 |
2.40% |
2.40% |
Annually & at Maturity |
12 month loss of interest can be taken from principal |
| 48 Months |
$1,000 |
2.20% |
2.20% |
Annually & at Maturity |
12 month loss of interest can be taken from principal |
| 48 Months |
$10,000 |
2.30% |
2.30% |
Annually & at Maturity |
12 month loss of interest can be taken from principal |
| 60 Months |
$1,000 |
2.10% |
2.10% |
Annually & at Maturity |
12 month loss of interest can be taken from principal |
| 60 Months |
$10,000 |
2.20% |
2.20% |
Annually & at Maturity |
12 month loss of interest can be taken from principal |
* These rates do not apply to CDs of $100,000 or greater. Please call to speak with a Relationship Banker and request a quote for CDs $100,000 or greater. Rates and terms may vary.
**If the account is closed prior to 3 months of opening, you will be assessed a $20 fee in addition to the early withdrawal penalty.
Savings Accounts
| Product |
Interest Rate |
APY |
Compounding and Crediting Frequency |
Penalty for Early Closure (less than 3 months after opening) |
Minimum Balance to Avoid Fee |
| Northeast Savings |
0.55% |
0.55% |
Quarterly |
$20 |
$50 |
| Northeast Youth Savings |
0.25% |
0.25% |
Quarterly |
None |
$0 |
| Balance Tier |
Interest Rate |
APY |
Compounding and Crediting Frequency |
Penalty for Early Closure (less than 3 months after opening) |
Minimum Balance to Avoid Fee |
| <$10,000.00 |
0.55% |
0.55% |
Quarterly |
$20 |
$50 |
| $10,000.00 - $99,999.99 |
0.75% |
0.75% |
Quarterly |
$20 |
$50 |
| $100,000.00 - $499,999.99 |
1.15% |
1.15% |
Quarterly |
$20 |
$50 |
| $500,000+ |
1.45% |
1.45% |
Quarterly |
$20 |
$50 |
| $2,000,000+ |
1.80% |
1.80% |
Quarterly |
$20 |
$50 |
| Term |
Minimum Deposit to Open Account |
Interest Rate* |
APY |
Compounding and Crediting Frequency |
Early Withdrawal Penalties** |
| 12 Months |
$500 |
2.50% |
2.50% |
Annually & at Maturity |
6 month loss of interest can be taken from principal |
| 18 Months |
$500 |
2.50% |
2.50% |
Annually & at Maturity |
6 month loss of interest can be taken from principal |
| 24 Months |
$500 |
2.50% |
2.50% |
Annually & at Maturity |
6 month loss of interest can be taken from principal |
| 36 Months |
$500 |
2.40% |
2.40% |
Annually & at Maturity |
12 month loss of interest can be taken from principal |
| 48 Months |
$500 |
2.30%
|
2.30% |
Annually & at Maturity |
12 month loss of interest can be taken from principal |
| 60 Months |
$500 |
2.20% |
2.20% |
Annually & at Maturity |
12 month loss of interest can be taken from principal |
**If the account is closed prior to 3 years, you will be assessed a $50 fee in addition to the early withdrawal penalties.
| Interest Rate |
APY |
Compounding and Crediting Frequency |
Penalty for Early Closure (less than 3 months after opening) |
Minimum Balance to Avoid Fee |
| 0.03% |
0.55% |
Monthly |
$20 |
$0 |
Checking Accounts
| Product |
Interest Rate |
APY |
Compounding and Crediting Frequency |
Penalty for Early Closure (less than 3 months after opening) |
Minimum Balance to Avoid Fee |
| Northeast Plus Interest Account** |
0.03% |
0.03% |
Monthly |
$20 |
$500 |
| Northeast Flag Senior Account |
0.03% |
0.03% |
Monthly |
$20 |
$0 |
***For rate information only, account no longer offered.
Northeast Nonprofit Interest Checking
| Balance Tier |
Interest Rate |
APY |
Compounding and Crediting Frequency |
Penalty for Early Closure
(less than 3 months after opening) |
Minimum Balance to Avoid Fee |
| None |
0.55% |
0.55% |
Quarterly |
$20 |
$0 |
| $10,000.00 - $99,999.99 |
0.60% |
0.60% |
Quarterly |
$20 |
$0 |
| $100,000 - $299,999.99 |
0.75% |
0.75% |
Quarterly |
$20 |
$0 |
| $300,000.00 - $499,999.99 |
1.05% |
1.05% |
Quarterly |
$20 |
$0 |
| $500,000+ |
1.35% |
1.35% |
Quarterly |
$20 |
$0 |
| $2,000,000+ |
1.65% |
1.65% |
Quarterly |
$20 |
$0 |
Relationship Checking Account
| Qualifications |
Interest Rate |
APY |
Explanation |
| Earn if qualifications* ARE met |
0.35% |
0.35% |
This will be the APY for the entire balance. |
| Earn if qualifications* are NOT met: |
0.03% |
0.03% |
This will be the APY for the entire balance. |
*Qualifications: To qualify for the higher interest rate, you must meet at least two of the following four criteria during the statement cycle:
- Be enrolled in Online Banking and eStatements.
- Have 10 or more debit card POS purchases post and settle to your account per statement cycle.
- Have direct deposit or other ACH credits of $1,000 or more post to your account per statement cycle.
- Maintain a minimum balance of $10,000 or greater in your Northeast Bank Relationship Account throughout the statement cycle.
APY – Annual Percentage Yield. APY assumes interest remains on deposit until maturity. Interest Rates and APY may change after accounts are opened. Fee and/or withdrawals will reduce earnings.
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