May 24, 2013
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, NetTeller transfers and/or preauthorized withdrawals per month. Service charge 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
Open this money market account and earn a competitive rate of interest. 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 $10,000 during any month, it will earn the Northeast Savings Account interest rate for that month. Limit of 6 telephone transfers, NetTeller transfers and/or preauthorized withdrawals allowed per month. Service charge 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 basic fee. Interest accrues daily and will be paid quarterly.
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.
