Savings / CD's
Saving starts with the first deposit, and at Northeast Bank we make it easy for you to get started. Whatever your needs, a new car or RV, dream vacation, new home, emergency fund, education or retirement, they are all great reasons to start a savings plan today. Our savings products are designed to fit into your budget.
|Benefits||Statement Savings||Certificate of Deposit||Holiday Club|
|Minimum to Open||$100||$500||$2|
|Minimum Average Daily Balance to Waive Fee||$100||N/A||N/A|
|Monthly Service Charge||$1||N/A||N/A|
You have several regular savings account options. Track your progress monthly with a Statement Savings Account, and enjoy ATM access too! Our Youth Statement Savings account is offered to customers under the age of 18, to start good savings habits early (monthly fee does not apply to Youth Statement Savings accounts).
Certificates of Deposits
Make your money work for you! Certificates of Deposit (CD's) earn higher interest rates than many other accounts, and are fixed according to the length of time (term) you choose to hold the CD. You tell us how long you have, with terms from 30 days up to five(5) years, and we'll tailor your CD to meet your schedule.
Holiday Club Accounts
What you don't see, you don't miss. Holiday Clubs can help you start saving with a fixed payment plan, and the total amounts you save are up to you. Payments can be made with a coupon book, or better yet, take advantage of an automatic withdrawal from your checking account.
Tax Advantaged Savings Solutions
Individual Retirement Accounts (IRA)
Whether you need a Regular, Spousal, Roth or SEP IRA, Northeast Bank has the options you want for your retirement account. If you're not sure which is best for you, our experts in Retirement Planning can help.
Coverdell Education Savings Account (CESA)*
A CESA is a non-deductible account which features tax-free distributions, providing that the funds are used for educational purposes. Best of all, anyone can contribute to a CESA.
*Some restrictions may apply
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