Rates effective as of January 24th, 2021.
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.
Certificates of Deposit Learn More
| Term | Minimum Deposit to Open Account | Interest Rate* | APY | Payment Frequency | Early Withdrawal Penalties** |
|---|---|---|---|---|---|
| 3 Months | $1,000 $10,000 |
0.15% 0.20% |
0.15% 0.20% |
Maturity | 3 month loss of interest can be taken from principal |
| 6 Months | $1,000 $10,000 |
0.20% 0.30% |
0.20% 0.30% |
Maturity | 3 month loss of interest can be taken from principal |
| 12 Months | $1,000 $10,000 |
0.20% 0.30% |
0.20% 0.30% |
Maturity | 6 month loss of interest can be taken from principal |
| 24 Months | $1,000 $10,000 |
0.35% 0.45% |
0.35% 0.45% |
Annually & at Maturity | 6 month loss of interest can be taken from principal |
| 36 Months | $1,000 $10,000 |
0.40% 0.60% |
0.40% 0.60% |
Annually & at Maturity | 12 month loss of interest can be taken from principal |
| 48 Months | $1,000 10,000 |
0.60% 0.80% |
0.60% 0.80% |
Annually & at Maturity | 12 month loss of interest can be taken from principal |
| 60 Months | $1,000 10,000 |
0.70% 0.90% |
0.70% 0.90% |
Annually & at Maturity | 12 month loss of interest can be taken from principal |
*Rates do not apply to Jumbo Certificates. Penalty for early withdrawal.
**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.
Certificates of Deposit Specials
| Term | Minimum Deposit to Open Account | Interest Rate* | APY | Payment Frequency | Penalty for Early Closure (less than 3 months after opening) |
|---|---|---|---|---|---|
| 13 Months** | $2,500 | 0.15% | 0.15% | Annually & at Maturity | 6 month loss of interest can be taken from principal (renews to 13 month certificate) |
*Rates do not apply to Jumbo Certificates. Penalty for early withdrawal.
**For rate renewal information only, not available for purchase.
Savings Accounts
| Product | Interest Rate | APY | Payment Frequency | Penalty for Early Closure (less than 3 months after opening) | Minimum Balance to Avoid Fee |
|---|---|---|---|---|---|
| Northeast Savings | 0.10% | 0.10% | Quarterly | $20 | $50 |
| Northeast Youth Savings | 0.10% | 0.10% | Quarterly | None | $0 |
Northeast Money Market Savings Learn More
| Balance Tier | Interest Rate | APY | Payment Frequency | Penalty for Early Closure (less than 3 months after opening) | Minimum Balance to Avoid Fee |
|---|---|---|---|---|---|
| <$10,000.00 | 0.10% | 0.10% | Quarterly | $20 | $50 |
| $10,000.00 - $99,999.99 | 0.15% | 0.15% | Quarterly | $20 | $50 |
| $100,000.00 - $499,999.99 | 0.20% | 0.20% | Quarterly | $20 | $50 |
| $500,000+ | 0.30% | 0.30% | Quarterly | $20 | $50 |
Individual Retirement Accounts Learn More
| Term | Minimum Deposit to Open Account | Interest Rate* | APY | Payment Frequency | Early Withdrawal Penalties** |
|---|---|---|---|---|---|
| 12 Months | $500 | 0.30% | 0.30% | Annually & at Maturity | 6 month loss of interest can be taken from principal |
| 18 Months | $500 | 0.35% | 0.35% | Annually & at Maturity | 6 month loss of interest can be taken from principal |
| 24 Months | $500 | 0.45% | 0.45% | Annually & at Maturity | 6 month loss of interest can be taken from principal |
| 36 Months | $500 | 0.60% | 0.60% | Annually & at Maturity | 12 month loss of interest can be taken from principal |
| 48 Months | $500 | 0.80% | 0.80% | Annually & at Maturity | 12 month loss of interest can be taken from principal |
| 60 Months | $500 | 0.90% | 0.90% | Annually & at Maturity | 12 month loss of interest can be taken from principal |
*Rates do not apply to Jumbo Certificates. Penalty for early withdrawal.
**If the account is closed prior to 3 years, you will be assessed a $50 fee in addition to the early withdrawal penalties.
Health Savings Account Learn More
| Interest Rate | APY | Payment Frequency | Penalty for Early Closure (less than 3 months after opening) | Minimum Balance to Avoid Fee |
|---|---|---|---|---|
| 0.03% | 0.03% | Monthly | $20 | $50 |
Checking Accounts
| Product | Interest Rate | APY | Payment 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 | None | $0 |
***For rate information only, account no longer offered.
Northeast Nonprofit Interest Checking
| Balance Tier | Interest Rate | APY | Payment Frequency | Penalty for Early Closure (less than 3 months after opening) | Minimum Balance to Avoid Fee |
|---|---|---|---|---|---|
| None | 0.05% | 0.05% | Quarterly | $20 | $0 |
| $10,000.00 - $99,999.99 | 0.10% | 0.10% | Quarterly | $20 | $0 |
| $100,000 - $299,999.99 | 0.15% | 0.15% | Quarterly | $20 | $0 |
| $300,000.00 - $499,999.99 | 0.20% | 0.20% | Quarterly | $20 | $0 |
| $500,000+ | 0.30% | 0.30% | Quarterly | $20 | $0 |
Northeast Executive Rewards Account Learn More
(These rates will remain in effect through your statement cycle that ends in December 2020.)
| Tier | Interest Rate | APY | Explanation |
|---|---|---|---|
| 0 - $15,000 | 0.20% | 0.20% | This will be the APY for the entire balance in the tier |
| $15,000+ | 0.10% | 0.10% - .20%, depending on balance | This is a blended APY - it includes the balance in both tiers, each of which earns a different interest rate. Higher balances will produce lower APYs. |
| If qualifications ARE NOT met | 0.03% | 0.03% | This will be the APY for the entire balance. |
Relationship Checking Account (Effective 1/1/2021, the Executive Rewards Account will be renamed the Relationship Account)
|
|
Balance Tier |
Interest Rate |
APY |
Explanation |
|
Earn if qualifications* ARE met: |
$0 to $15,000 |
0.15% |
0.15% |
This will be the APY for the entire balance in the tier. |
|
Earn if qualifications* ARE met: |
Above $15,000 |
0.15% |
0.15% |
This will be the APY for the entire balance in the tier. |
|
Earn if qualifications* are NOT met: |
Above 0$ |
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.
- Have your account minimum balance for the statement cycle over $20,000 (lowered to a minimum of $10,000, effective 1/1/2021).
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.
Earnings Credit (variable rate) .024%
