Northeast Bank: Savings Accounts & Rates

Updated: 4/6/2026

Mission: Banksparency aims to make Northeast Bank's savings accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of Northeast Bank

Our verdict

Northeast Bank offers a high-yield savings account paying 2.75% APY with a $2,500 minimum deposit. To earn the full 2.75% APY, a minimum balance of $250,000 is required — below that, the rate drops to as low as 2.25% APY.

At 2.75% APY, Northeast Bank pays 7x the national average (0.39%). Ranks in the top tier of 98+ accounts tracked.

Northeast Bank also offers Propel Preferred Savings at 2.75% APY — requires a linked checking account.

Northeast Bank also offers Propel Fusion Savings at 0.05% APY — a lower rate.

Ideal User Profile

Best for: simple saving without extra requirements, quick transfers with Zelle, and having a branch nearby when you need one.

Key Differentiators

Stands out with top-rated iOS app (4.7), A+ BBB rating, in-person banking available, Zelle for instant transfers.

Savings Overview

High-Yield Savings

2.75% APY

Tiered Range: 2.25% - 2.75%

Very StableNo rate changes in last 90 days

Min: $2,500 Branch Access

Rank #83 of 98 tracked.

This is a tiered savings account where the 2.75% APY may be earned on a balance above $250,000, while balances below that receive an APY of 2.25%.

Propel Preferred Savings

2.75% APY

Very StableNo rate changes in last 90 days

Min: $50 Checking Bundle Branch Access

Rank #84 of 98 tracked.

The 2.75% APY requires an active Propel Premier Checking account, or a much lower APY applies. See bank for details.

Propel Fusion Savings

0.05% APY

Very StableNo rate changes in last 90 days

Min: $50 Branch Access

Rank #95 of 98 tracked.

Market Reality Check

This bank offers rates below the current top tier. The best rates we track are currently above 4.15% APY.

See Top Rates

National Avg: 0.39% (FDIC, 3/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationPortland, Maine
Founded1872
Ratings & Trust
4.7iOS 4.3Android A+BBB Not BBB Accredited
Zelle® SupportAvailable
Native app support verified.
Deposit InsuranceFDIC Insured(Cert: 19690)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.6

The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Apr 6, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.7

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Apr 6, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.8

Savings Accounts: In-Depth View

Savings Accounts Offered by Northeast Bank

Feature	High-Yield Savings	Propel Preferred Savings	Propel Fusion Savings
APY	2.75%Range: 2.25% - 2.75%Verified: 4/6/2026	2.75%Verified: 4/6/2026	0.05%Verified: 4/6/2026
APY Trend	Very StableNo rate changes in last 90 days	Very StableNo rate changes in last 90 days	Very StableNo rate changes in last 90 days
Min. Deposit	$2,500	$50	$50
Min. Balance	$250,000	$0.01	$0.01
Monthly Fee	$0	$0	$0
Direct Deposit	None	None	None
Checking Bundle	No	Yes	No
Branch Access	Yes	Yes	Yes
Compounding	N/A	N/A	Monthly
FDIC Insured	Yes	Yes	Yes
Eligibility	Available to Maine and New Hampshire residents only.	Available to Maine residents only.	Available to Maine residents only.
Important	This is a tiered savings account where the 2.75% APY may be earned on a balance above $250,000, while balances below that receive an APY of 2.25%.	The 2.75% APY requires an active Propel Premier Checking account, or a much lower APY applies. See bank for details.	-
Next Steps	-	-	-

Calculate Savings for Northeast Bank

All calculations are based on APY.

Choose savings account

Initial Deposit

⚠️

Minimum balance for higher APY: $250,000

Recurring Deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,039.00(6.3%)
Total Contributions
$13,000
Initial Deposit
$2,500

Projected Balance

$16,539.00

Effective APY

2.25%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Northeast Bank Savings Rates Over Time

Historical APY Insights

Last 5 Months

Metric	Propel Fusion Savings	Propel Preferred Savings	High-Yield Savings
Latest APY	0.05%	2.75%	2.75%
Trend	Sideways	Falling	Falling
Slope (bps/mo)	0.0	-5.8	-5.8
Rate Changes / Mo	0.00	0.21	0.21
Days Since Last Change	142	107	107
High (-5m)	0.05%	3.00%	3.00%
Low (-5m)	0.05%	2.75%	2.75%
Draw-down	0.0%	-8.3%	-8.3%
Volatility (CV)	0.000	0.038	0.038

How to read these metrics▼

Trends & Velocity

Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Slope (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Rate Changes / Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

High/Low: The absolute ceiling and floor of the rate during the 142-day window.
Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.

Compare with Northeast Bank

Feature	Current View Northeast Bank	Empty Slot
Product		-
APY	2.25% - 2.75%Verified: 4/6/2026	-
APY Trend	Very StableNo rate changes in last 90 days	-
Min. Deposit	$2,500	-
Monthly Fee	$0	-
Direct Deposit	No	-
Checking Bundle	No	-
Branch Access	Yes	-
Eligibility	Available to Maine and New Hampshire residents only.	-
Compounding	N/A	-
FDIC Insured	Yes	-
Note	This is a tiered savings account where the 2.75% APY may be earned on a balance above $250,000, while balances below that receive an APY of 2.25%.	-
Next Steps	-	-