"I was seeking a mortgage for a property to house my business, with rental income. My other bank completely dropped the ball. I was referred to the Bank and have been very satisfied with the results."
- Robert Rosenberg
Savings & CDs
Set funds aside in a safe place as you save toward business goals of all sizes.
NHB Savings
Whether you want to set money aside for everyday expenses or future growth, give your reserves a safe place to grow.
- $25.00 minimum balance to open
- No minimum balance required to earn interest
- Maintain an average daily balance of $25.00 to avoid a $5.00 monthly service charge
- Make up to six electronic debits each statement cycle (a $10.00 fee will be charged for additional electronic debits)
- Business Online Banking
- Telephone Banking
- Free ATM Card
- Access to surcharge-free Allpoint Network ATMs
- FDIC insurance on deposits up to $250,000
| Interest Rate | APY |
|---|---|
| 0.05% | 0.05% |
Business Money Market
Instead of tying up assets in a long-term investment, let your business' dollars earn a more competitive interest rate while funds remain accessible.
- $2,500 minimum balance to open
- $1,000 minimum balance required to earn interest
- Maintain an average daily balance of $2,500 to avoid a $5.00 monthly service charge
- Make up to six electronic debits each statement cycle (a $10.00 fee will be charged for additional electronic debits)
- Business Online Banking
- Telephone Banking
- FDIC insurance on deposits up to $250,000
| Minimum average daily balance to earn interest and obtain the stated APY | Interest Rate | APY |
|---|---|---|
$1,000 - $9,999.99 | .05% | .05% |
$10,000 - $49,999.99 | .10% | .10% |
$50,000 - $99,999.99 | .10% | .10% |
$100,000 or more | .15% | .15% |
Certificates of Deposit
Put cash reserves to work with a CD that gives deposits room to grow in a low risk environment.
- Available terms range from 90 days to 5 years
- Competitive fixed rates
- Interest is earned and credited monthly and can be:
- Transferred into your checking or savings account
- Added to your CD balance
- Sent to you via check
- FDIC insurance on deposits up to $250,000
| Maturity | Interest Rate | APY |
|---|---|---|
| 3 month | 0.10% | 0.10% |
| 6 month | 0.10% | 0.10% |
| 9 month | 0.10% | 0.10% |
| 10 month | 4.65% | 4.75% |
| 1 year | 0.15% | 0.15% |
| 15 month | 4.89% | 5.00% |
| 18 month | 0.15% | 0.15% |
| 2 year | 0.20% | 0.20% |
| 3 year | 0.30% | 0.30% |
| 4 year | 0.30% | 0.30% |
| 5 year | 0.30% | 0.30% |
CDARS®
Strategically invest your large deposits to ensure every dollar is insured and protected. The CDARS program allows you to access expanded FDIC protection on CD deposits up to $50,000,000.
- 100% FDIC insurance on CD deposits over $250,000 up to $50,000,000
- Competitive rates and flexible maturity terms
- Receive one consolidated statement from us and get one year-end tax form
- Your placement of funds in the CDARS program allows us to build our loan volume to support our local economy
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
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