ableBanking, a division of Northeast Bank

500 Canal Street
ME 04240

Deposit Rates APY Vs.Others
Savings 5.15% 5.55% →
1-Year CD 5.15% 5.38% →
2-Year CD 4.95% 4.95% →
3-Year CD 3.50% 5.00% →
4-Year CD 3.00% 4.55% →
5-Year CD N.A. 4.55% →

2024 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 $2.97 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Northeast Bank
FDIC Certificate # 19690
Date Established 1872
Assets $2.97 billion
Loans $2.58 billion
Deposits $2.15 billion
Capital $0.33 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 - July 12, 2024

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Online Money Market Account
0.10% $0 - Learn More
High Yield Savings
5.15% $2,500 - Learn More
Online CD Rates
Online CD Rates APY MIN MAX
6-Month CD
5.30% $500 $240,000 Learn More
One-Year CD
5.15% $500 $240,000 Learn More
2-Yr CD
4.95% $500 $240,000 Learn More
3-Yr CD
3.50% $500 $240,000 Learn More
4-Yr CD
3.00% $500 $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 Policy and 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

  • April 18, 2018 |

    Online Savings Rates

    Worst experience of my life. Did not fund and gave $25 to my own charity.

  • March 28, 2018 |

    Online Savings Rates

    Add my name to the list of people who wish they had never heard of you.

  • March 19, 2018 |

    Online Savings Rates

    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.

  • March 13, 2018 |

    Online Savings Rates

    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.

  • February 26, 2018 |

    Online Savings Rates

    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.

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