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2022 Overview
General Online Bank Information
Money that you deposit is held by Northeast Bank. Northeast Bank is an FDIC insured institution founded in 1872. It has approximately $1.57 billion in assets.| Deposits FDIC Insured | Yes |
| Insured Bank | Northeast Bank |
| FDIC Certificate # | 19690 |
| Date Established | 1872 |
| Assets | $1.57 billion |
| Loans | $1.23 billion |
| Deposits | $1.28 billion |
| Capital | $0.25 billion |
For a more detailed analysis of Northeast Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - August 19, 2022
Online Savings and Money Market
Rates
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Online Money Market Account
|
0.10% | $250 | - |
Learn More
|
|
Compare with 1.90% APY Savings Connect from CIT Bank | Advertiser Disclosure
|
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Online CD Rates
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6-Month CD
|
2.50% | $1,000 | $240,000 |
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|
| One-Year CD
|
0.05% | $1,000 | $240,000 |
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|
| 2-Yr CD
|
0.10% | $1,000 | $240,000 |
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|
| 3-Yr CD
|
0.15% | $1,000 | $240,000 |
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|
| 4-Yr CD
|
0.20% | $1,000 | $240,000 |
Learn More
|
Bank Offers
Ablebanking drops all of its CD rates
Jan 5, 2019
Ablebanking, a division of North East Bank, has dropped its one-year CD rate from 2.90% to 2.60%, its two-year CD rate from 3.20% to 2.65%, its three-year from 3.30% to 2.75% and its four-year from 3.40% to 2.80%. It is a surprise to see a bank lowering any CD offerings in the current environment, but they have probably done you a favor: Ablebanking's review on this website have been awful.
Climate Initiatives
ableBanking, a division of Northeast Bank is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.
Customer Reviews for ableBanking, a division of Northeast Bank
Dudley
April 18, 2018 |
Worst experience of my life. Did not fund and gave $25 to my own charity.
Is this review helpful? Yes:11 / No: 1
Rob Quentin
March 28, 2018 |
Add my name to the list of people who wish they had never heard of you.
Is this review helpful? Yes:7 / No: 4
JWendell
March 19, 2018 |
I really wish I hadn't seen this rate listed here. Chasing a slightly higher rate and a $25 gift on my behalf to a charity from a bank that isn't a bank wasted my time and cost me more than I would have made had I just left my money where it was.
Is this review helpful? Yes:10 / No: 3
Dave
March 13, 2018 |
Not an online bank, but a bunch of shysters playing upon people's generosity by offering to give a token amount to charity. Give your own $25, take a tax deduction and go to Ally, Emigrant, Capital One or anywhere.
Is this review helpful? Yes:11 / No: 2
Gave $25
February 26, 2018 |
I tried to deal with this and ended up wishing I had never heard of it. Got caught in the scam of giving $25 to a charity. After 2 months of dealing with a broken transfer system, a broken website and a phone which either rang on and on or hit some woman's VM, I managed to close the account and get my money back. Never got a penny in interest. Never got confirmation of the $25 transfer to charity. Celebrated my freedom by sending $25 to my favorite charity (not on their list). Farewell to this. Would give negative stars if I could.
Is this review helpful? Yes:9 / No: 2
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