Does Needham Bank Offer Certificates of Deposit With Competitive Rates?

Does Needham Bank Offer Certificates of Deposit With Competitive Rates?

As of September 2015, Needham Bank offers Certificates of Deposit with rates that range from 1.73 percent for a five-year commitment to 0.25 percent for three months. The average rate nationwide for a five-year Certificate of Deposit is 0.78 percent, while the average three-month rate is 0.08 percent.

The average rate for a four-year Certificate of Deposit is 0.60 percent, while Needham offers customers 1.49 percent. The average rate for a three-year Certificate of Deposit is 0.48 percent, while Needham offers customers 1.24 percent. The average rate for a two-year Certificate of Deposit is 0.34 percent, while Needham offers customers 1.00 percent. The average rate for a one-year Certificate of Deposit is 0.20 percent, while Needham offers customers 0.70 percent.