Deposit Rates
PROPEL Preferred Savings
| Minimum Daily Balance to Earn APY | Interest Rate | APY1 | Get Started |
|---|---|---|---|
| Balances $0.01 and Above | 3.445% | 3.50% | Contact Us Here |
1 Annual Percentage Yield (APY) is effective as of 5/28/2025. To earn the preferred rate of 3.445% and APY of 3.50% on PROPEL Preferred Savings, you must open and have an active PROPEL Premier Checking account. If the PROPEL Premier Checking is not active, the rate on the PROPEL Preferred Savings account will default to 0.05% APY. PROPEL Premier Checking is considered active by meeting two of the following during the monthly statement cycle: (1) maintain a $5,000 average daily balance, (2) receive a total of $1,000 or more in direct deposits, or (3) complete 10 debit card transactions that post and settle within the monthly statement cycle. PROPEL Preferred Savings requires a $50 minimum deposit to open (50% of funding source must be money that is not on deposit with Northeast Bank). A minimum daily balance of $0.01 is required in the PROPEL Preferred Savings account to earn the stated APY. Rates may change at any time after account opening. Fees could reduce earnings, see our Schedule of Fees. Propel Premier Checking requires a $100 minimum deposit to open (50% of funding source must be money that is not on deposit with Northeast Bank). Offer may be withdrawn at any time. Consumer deposits only. Available to Maine residents only.
High-Yield Savings
| Minimum Balance to Earn APY | Interest Rate | APY2,3 | Get Started |
|---|---|---|---|
| Balances $0.01 to $249,999.99 | 2.96% | 3.00% | Open Online in Minutes! |
| Balances $250,000.00 and over | 3.445% | 3.50% | Open Online in Minutes! |
2 Annual Percentage Yields (APYs) are effective as of 5/28/2025. High-Yield Savings Account requires a $2,500 deposit to open. This account requires 50% of the opening deposit to be new money. New money is defined as money that is not on deposit with Northeast Bank. Minimum daily balances of $0.01 - $249,999.99 earn 3.00% APY; minimum daily balances of $250,000.00 and over earn 3.50% APY. Rates may change at any time after account opening. Fees could reduce earnings, see our Schedule of Fees. Available to Maine and New Hampshire residents only.
3 Not available for IRAs.
PROPEL Fusion Savings
| Minimum Daily Balance to Earn APY | Interest Rate | APY4 | Get Started |
|---|---|---|---|
| Balances $0.01 and Above | 0.05% | 0.05% | Contact Us Here |
4 Annual Percentage Yield (APY) is effective as of 5/28/2025 and is subject to change without notice. A minimum daily balance of $0.01 is required to earn stated APY. Rates may change at any time after account opening. Interest is compounded monthly and credited monthly. Fees could reduce earnings, see our Schedule of Fees. $50.00 minimum opening deposit required. Available to Maine residents only.
Health Savings Account
| Minimum Daily Balance to Earn APY | Interest Rate | APY5 | Get Started |
|---|---|---|---|
| Balances $0.01 and Above | 1.982% | 2.00% | Contact Us Here |
Health Savings Accounts are available for qualifying individual and family high deductible health plans.
5 Annual Percentage Yield (APY) effective as of 5/28/2025 and is subject to change without notice. Rates may change at any time after account opening. A minimum daily balance of $.01 is required to earn stated APY. Fees could reduce earnings, see our Schedule of Fees. A single rate of interest is paid on the entire principal balance determined by the level of the principal balance daily.
Value Money Market
| Minimum Daily Balance to Earn APY | Interest Rate | APY6,7 | Get Started |
|---|---|---|---|
| Balances $0.01 and Above | 0.39% | 0.40% | Contact Us Here |
6 Annual Percentage Yield (APY) is effective as of 5/28/2025 and may change any time after account opening. $5,000.00 minimum opening deposit required. A minimum daily balance of $.01 is required to earn stated APY. Fees could reduce earnings, see our Schedule of Fees. Interest is compounded monthly and credited monthly. Available to Maine residents only.
7 Not available for IRAs.
Certificates of Deposit
| Interest Rate | APY8 | Get Started | |
|---|---|---|---|
| 6-Month CD | 4.169% | 4.25% | Open Online in Minutes! |
| 1 Year CD | 4.169% | 4.25% | Open Online in Minutes! |
| 2 Year CD | 3.928% | 4.00% | Open Online in Minutes! |
8Annual Percentage Yields (APYs) are effective as of 5/28/2025. The advertised CD terms require a $5,000 minimum deposit to open. Opening deposit must be new money. New money is defined as money that is not on deposit with Northeast Bank. A minimum daily balance of $0.01 is required to earn the stated APYs. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account, see our Schedule of Fees. Offer may be withdrawn at any time. Available to Maine and New Hampshire residents only.
We offer a range of competitive rates and terms for Traditional CDs or IRAs - including the ability to choose a term that fits your needs. For information on our CD rates, please contact the banking center nearest you and one of our personal bankers will be happy to help!
