Needham Bank


Overview / Commentary
781-444-2100
1063 Great Plain Avenue
Needham, MA 02492

Needham Bank is headquartered in NEEDHAM and is the 12th largest bank in the state of Massachusetts. It is also the 281st largest bank in the nation. It was established in 1892 and as of March of 2025, it had grown to 394 employees at 12 locations. Needham Bank's CD rates are 5X the national average, and it boasts an A+ health rating.

Reviews (1)

There Are Lots Of Banks. Choose Another, Not This One.

I had a personal checking account and a business account. All went well until I sent a polite letter pointing out that it is improper, and not good practice, to make online passwords expire. Why should they, if they are perfectly good and uncompromised? Nor is it proper to prevent me from seeing the new password as I type it (twice). Did I mention that this was a polite letter? I was only trying to be helpful.

A week later, I got two certified letters cancelling both of my accounts.



Health
A+

Health Grade Components

Overall
FDIC Certificate #26483
Year Established1892
Employees394
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD7.17%
Annual Interest Income$75.4MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$5.13B$4.51B
LoansQ1 2025vs Q1 2024$4.43B$3.92B
DepositsQ1 2025vs Q1 2024$4.33B$3.78B
Equity CapitalQ1 2025vs Q1 2024$619.5MM$584.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$38.3MM$34.3MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$11.4MM$10.8MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Needham Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Needham Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$0$10kGoalGetter Savings
OTHER TIERS: 0.05% $10k - $1.2m
0.05%$10-Statement Savings
0.05%$0-Business Savings

Needham Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$50k*-Super Saver Money Market - New Money
OTHER TIERS: 0.50% $0 - $25k | 2.00% $25k - $50k
0.30%*$100k*$1mMoney Market Account
OTHER TIERS: 0.10% $0 - $25k | 0.15% $25k - $50k | 0.25% $50k - $100k
0.30%*$100k*$1000kMoney Market IRA
OTHER TIERS: 0.10% $0 - $25k | 0.15% $25k - $50k | 0.25% $50k - $100k
0.30%*$100k*$1mBusiness Money Market Account
OTHER TIERS: 0.10% $0 - $25k | 0.15% $25k - $50k | 0.25% $50k - $100k

Needham Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$0-NB Business Interest Checking
0.05%$0-NB Checking

Needham Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.35%$1k-6 Month CD Special
4.35%$1k-3 Month CD Special
4.25%$1k-1 Year CD Special
4.25%$1k-9 Month CD Special
4.00%$1k-15 Month CD
3.65%$1k-2 Year CD
3.65%$1k-18 Month CD
3.50%$1k-3 Year CD
3.25%$1k-5 Year CD
3.25%$1k-4 Year CD
3.00%$1k-Business 6 Month CD
3.00%$1k-Business 1 Year CD
2.25%$1k-Business 5 Year CD
2.20%$1k-Business 4 Year CD
2.10%$1k-Business 3 Year CD
2.00%$1k-Business 2 Year CD
0.00%$1k-Business 3 Month CD Special w/ Checking - New Money
0.00%$1k-Community 6 Month CD Special w/ Checking - New Money

Needham Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.35%$250-3 Month IRA Special
4.35%$250-6 Month IRA Special
4.25%$250-9 Month IRA Special
4.25%$250-1 Year IRA Special
4.00%$250-15 Month IRA
3.65%$250-2 Year IRA
3.65%$250-18 Month IRA
3.50%$250-3 Year IRA
3.25%$250-5 Year IRA
3.25%$250-4 Year IRA
Locations

Availability



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