Let partners know that Northeast Bank stands by your side. Because we take care of our neighbors.

Key Features

Peace of Mind

Peace of Mind

Easily Renewed Terms

Easily Renewed Terms

  • Provides guarantee on payments of large purchases to third parties
  • Can replace need for costly insurance company performance bond
  • Can also be used to guarantee a service
  • Typically issued for 1-year term or less
  • Terms easily renewed
  • Fee is based on face value amount
  • Interest accrues only if we must make payment to beneficiary on your behalf