Needham Bank
LOCATIONS
9
View locations
HEALTH RATING
A
View health report
CURRENT TOP RATE
2.00% APY
5 Year CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | 5-year CD | 5 Year CD 2.25% - Ally Bank High Yield 5 Year CD |
| 1.25% | 1-year CD | 1 Year CD 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.10% | Savings | Passbook Savings 1.15% - CIT Bank Spring Savings |
Overview / Commentary
Needham Bank is headquartered in Needham and is the 22nd largest bank in the state of Massachusetts. It is also the 417th largest bank in the nation. It was established in 1892 and as of March of 2017, it had grown to 192 employees at 10 locations. Needham Bank's CD rates are 39% higher than the national average, and it has an A health rating.
Related Posts
Health
A
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 26483 |
| Year Established | 1892 |
| Employees | 192 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 3% |
| Annual Interest Income | $18.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.97B$1.98B |
| Loans | Q1 2017vs Q1 2016 | $1.64B$1.66B |
| Deposits | Q1 2017vs Q1 2016 | $1.47B$1.47B |
| Equity Capital | Q1 2017vs Q1 2016 | $254.7MM$244.4MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $13.0MM$14.6MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $10.7MM$14.2MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Needham Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Statement Savings | |
| 0.10% | - | - | Passbook Savings |
Needham Bank Money Market Rates
Needham Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $2,500* | - | NB Checking | ||
| OTHER TIERS: 0.05% → Up to $2,500 | |||||
| 0.05% | - | - | NB Business Interest Checking | ||
Needham Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $1k | - | 5 Year CD | |
| 1.60% | $1k | - | 4 Year CD | |
| 1.50% | $1k | - | 3 Year CD | |
| 1.45% | $1k | - | 2 Year CD | |
| 1.25% | $1k | - | 1 Year CD | |
| 0.65% | $2,500 | - | 6 Month CD | |
| 0.40% | $2,500 | - | 3 Month CD |
Needham Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $250 | - | 5 Year IRA | |
| 1.60% | $250 | - | 4 Year IRA | |
| 1.50% | $250 | - | 3 Year IRA | |
| 1.45% | $250 | - | 2 Year IRA | |
| 1.25% | $250 | - | 1 Year IRA | |
| 0.65% | $250 | - | 6 Month IRA | |
| 0.40% | $250 | - | 3 Month IRA |
Locations
| Needham Bank Locations | ||
|---|---|---|
| The Needham Bank | 1063 Great Plain Avenue | Needham, MA 02492 |
| Westwood Branch | 341 Washington Street | Westwood, MA 02090 |
| Dedham Branch | 402 Washington Street | Dedham, MA 02026 |
| Wellesley Branch | 458 Washington Street | Wellesley, MA 02482 |
| Medfield Branch | 520 Main Street | Medfield, MA 02052 |
| Ashland Branch | 41 Front Street | Ashland, MA 01721 |
| Dover Branch | 60 Centre St | Dover, MA 02030 |
| Natick Branch | 17 West Central St | Natick, MA 01760 |
| Millis Branch | 857 Main St | Millis, MA 02054 |