Certificates of Deposit

North Brookfield Savings Bank offers Certificates of Deposit accounts in a broad range of maturities, each designed with a particular goal in mind. For as little as $500, you can open your own CD and lock in a high yield that’s guaranteed from the day you open the account until the day it matures. Your entire account balance is insured by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).

Annual Percentage Yield (APY) accurate as of 6/1/2018

Certificates of Deposit/Individual Retirement Accounts

Click to Apply Online.

Length of Term Annual
Percentage
Yield (APY)
Interest
Rate
3 Month (Certificate of Deposit Only) 0.25% 0.250%
6 Month (Certificate of Deposit Only) 0.35% 0.350%
9 Month (Certificate of Deposit Only) 0.35% 0.349%
14 Month Easy Save IRA 1.25%1 1.242%
12 Month 0.60% 0.598%
  15 Month Special
1.25%2 1.242%
18 Month Special
2.25%3 2.227%
24 Month 0.85% 0.846%
  35 Month RATE BUMP Special
2.25%4 2.227%
36 Month
1.00% 0.995%
48 Month 1.00% 0.995%
60 Month 1.05% 1.044%

A minimum balance of $25.00 is required in any deposit account to earn the Annual Percentage Yield. Any withdrawal of funds will reduce earnings. Fees on IRA accounts could also reduce earnings. $500 minimum required to establish a certificate of deposit account or individual retirement account.  All Certificates of Deposit products have a penalty for early withdrawal

1. $50 minimum required to open IRA certificate of deposit account. Term of IRA CD is 14 months. The minimum opening balance of $50.00 requires additional monthly deposits of at least $50.00 to be made by automatic allotment from a North Brookfield Savings Bank deposit account during the initial 14 month term. To qualify for 1.25% APY, applying customer must open or have an existing NBSB checking account with direct deposit at the time the CD account is opened. Offer valid for consumer accounts only. Maximum deposit per tax owner follows IRS limits. Your interest rate and annual percentage yield will remain in effect until the first maturity date. CD automatically renews at maturity into the current 12 month IRA CD rate and term.

2. Term of CD is 15 months. Offer valid for consumer accounts only. Maximum deposit per tax owner is $300,000.00. CD automatically renews at maturity into the current 12 month CD rate and term.

3. Term of CD is 18 months. Offer valid for consumer accounts only. Maximum deposit per tax owner is $250,000.00. CD automatically renews at maturity into the current 12 month CD rate and term.

4. Term of CD is 35 months. Option to bump rate one time only during the initial term requires the customer to contact NBSB to make their request before the maturity date. Rate change option is based on the published rate for the closest term that is equal to or less than the remaining term of the original CD. To qualify for 2.25% APY, applying customer must open or have an existing NBSB Free Checking Plus checking account at the time the CD account is opened. Offer valid for consumer accounts only. Maximum deposit per tax owner is $300,000.00. Your interest rate and annual percentage yield will remain in effect until the first maturity date, unless rate bump is requested. CD automatically renews at maturity into the current 12 month CD rate and term.