March 16, 2010
Northeast Savings Account
Watch your money grow in a Northeast Savings Account and earn a competitive daily rate of return. If balance falls below $50 any day during the quarter, a $5 basic fee is assessed. Limit of 6 telephone transfers and/or preauthorized withdrawals per month; minimum transfer is $100. Activity fee of 50¢ per withdrawal will be charged for more than 18 withdrawals per quarter and the savings account may be converted to a regular checking account. Statement will be issued quarterly. Interest accrues daily and will be paid quarterly.
Northeast Money Market Savings Account
Earn money market interest rates on a minimum savings deposit of $1,000. If balance falls below $50 any day during the quarter, a $5 basic fee is assessed. Interest rates are subject to change weekly. If balance falls below $1,000 during any month, it will earn the Northeast Savings Account interest rate for that month. Limit of 6 telephone transfers and/or preauthorized withdrawals allowed per month; minimum transfer amount to other accounts is $100. Activity fee of 50¢ per withdrawal will be charged for more than 18 withdrawals per quarter. Statement will be issued quarterly. Interest accrues daily and will be paid quarterly.
Northeast Youth Account
The Youth Bank Account is a savings account created especially for young customers from newborns through age 18. There is no required minimum balance or service charge.
Northeast Choice Certificates of Deposit
Northeast Bank offers a variety of short-term and long-term Certificates of Deposit (CDs) that provide guaranteed yields at maturity. Terms can range from 3 months to 5 years, depending on your cash needs. Penalties for early withdrawal apply.
Individual Retirement Accounts
Northeast Bank offers all types of Individual Retirement Accounts (IRAs). An IRA is an excellent way to take advantage of a tax-deferred savings program. Check with your tax advisor to determine if your contribution is tax-deductible as well as tax-deferred. There is no annual maintenance fee for your Northeast Bank IRA. Penalties for early withdrawal from certificates of deposit apply. There are also tax consequences for withdrawal prior to age 59 1/2.
Holiday Club
Join our Holiday Club in November and get a check the following November. Enroll in the club and make $10 or $20 weekly contributions in this 50-week non-interest bearing program. You will receive your Holiday Club check in the middle of November. It’s a great way to save in advance for holiday expenses.
