May 24, 2013
Northeast Bank offers commercial customers several ways to earn interest on deposits.
Northeast Money Market Business Savings
Northeast Money Market Business Savings is an excellent cash management tool. This FDIC insured savings account is tiered to pay a higher rate of return on larger balances and offers a high degree of liquidity. Rates are adjusted, as often as weekly, to ensure that you earn a competitive rate of return. It is an excellent cash management strategy to use your Money Market Savings in conjunction with Northeast Bank’s NetTeller product to make the most of your available cash.
You can make unlimited transfers from your business checking into your Northeast Money Market Savings. You may also make unlimited withdrawals from your Money Market Savings account in person or by mail. Limit of six telephone transfers, NetTeller transfers and/or preauthorized withdrawals allowed per month.
Certificates of Deposit
Northeast Bank offers a variety of short-term and long-term Certificates of Deposit which provide guaranteed yields at maturity. Terms can range from 3 months to 5 years, depending on your cash needs.