Northeast Bank: Savings Accounts & Rates

Savings rates updated: 11/14/2025

Mission statement: Banksparency aims to make Northeast Bank's savings accounts transparent and comparable to those of other banks. .

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

High-Yield Savings: 2.50% - 3.00% APY(Rank 84 out of 87 tracked HYSAs)

Minimum Deposit: $2,500 | Eligible States: Limited (see below)

Propel Preferred Savings: 3.00% APY(Rank 85 out of 103 savings accounts)

Minimum Deposit: $50 | Bundled Savings & Checking Account | Eligible States: Limited (see below)

Propel Fusion Savings: 0.05% APY(Rank 96 out of 103 savings accounts)

Minimum Deposit: $50 | Eligible States: Limited (see below)

National Savings Interest Rate: 0.4% (as of 10/20/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Portland, Maine

Founded: 1872

Access to Branches: 7 locations in Maine (Western, Central and Southern)

Deposit Insurance: FDIC Cert # 19690

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 4.7/5

Google Play Rating: 4.3/5

Website: Visit Northeast Bank

Our Take on Northeast Bank

Highlights

High-Yield Savings offers 3.00% APY on balances above $250,000.
Propel Preferred Savings also provides 3.00% APY with checking account requirement.
No maintenance fees on all savings accounts.
Strong BBB rating of A+ indicates trustworthiness.

Considerations

High-Yield Savings requires a minimum balance of $250,000 for top APY.
Propel Preferred Savings requires an active checking account for 3.00% APY.
Propel Fusion Savings only offers 0.05% APY.
Limited branch presence with only 7 locations in Maine.

Summary: Northeast Bank offers competitive high-yield savings options with two accounts providing a 3.00% APY, though conditions apply. The High-Yield Savings account requires a substantial minimum balance of $250,000, while the Propel Preferred Savings necessitates an active checking account. All accounts have no maintenance fees, and the bank enjoys a solid A+ BBB rating, although it has a limited physical presence with just 7 branches in Maine.

Savings Accounts: In-Depth View

Savings Accounts Offered by Northeast Bank

Feature	High-Yield Savings	Propel Preferred Savings	Propel Fusion Savings
APY	2.50% - 3.00% (as of 11/14/2025)	3.00% (as of 11/14/2025)	0.05% (as of 11/14/2025)
APY Trend	N/A	N/A	N/A
Minimum Deposit	$2,500	$50	$50
Minimum Balance for APY	$250,000	$0.01	$0.01
FDIC-insured	Yes	Yes	Yes
Online Only	No	No	No
Bundled Account	No	Yes	No
Direct Deposit Required	No	No	No
Compound Frequency	N/A	N/A	Monthly
Maintenance Fee	$0	$0	$0
Eligibility	Available to Maine and New Hampshire residents only.	Available to Maine residents only.	Available to Maine residents only.
Note	This is a tiered savings account where the 3% APY may be earned on a balance above $250,000, while balances below that receive an APY of 2.5%.	The 3.00% APY requires an active Propel Premier Checking account, or a much lower APY applies. See bank for details.	N/A
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Northeast Bank

All calculations are based on APY.

Choose savings account:

Initial Deposit:

⚠️ The minimum balance for the higher APY on this account is $250,000.

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,158.5 (6.95%)
Total contributions: $13,000 (78.04%)
Initial deposit: $2,500 (15.01%)

Your total balance

$16,658.50

Effective APY: 2.50% (based on your deposit and contributions)

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

Northeast Bank Savings Rates Over Time

No historical data available.

Compare Northeast Bank's Savings Accounts

Affirm - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.30% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.51% APY
Bank5 Connect - 3.85% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 3.90% APY
Betterment - 3.50% APY
BMO Alto - 3.25% APY
Bread Savings - 4.20% APY
BrioDirect - 4.00% APY
Capital One - 3.40% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.00-3.50% APY
CIBC Bank USA - 3.92% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.35% APY
Citizens Access™ - 3.35% APY
Colorado Federal Savings Bank - 4.05% APY
ConnectOne Bank - 3.60% APY
Customers Bank - 3.73% APY
Discover Bank - 3.40% APY
Elevault - 4.08% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.00% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 3.75% APY
FNBO Direct - 3.00% APY
Forbright Bank - 4.00% APY
FVCbank - 3.85% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Ivy Bank - 0.05-4.25% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 3.90% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.11% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.50% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.53% APY
Poppy Bank - 4.00% APY
Popular Direct - 4.00% APY
Presidential Bank - 3.75-4.25% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.00% APY
ROGER - 3.87% APY
Salem Five Direct - 3.71% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.30% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.96% APY
TIMBR - 4.40% APY
UFB Direct - 3.51-3.71% APY
Upgrade - 3.05% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Vio Bank - 4.21% APY
Wealthfront - 3.50-4.15% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.05% APY
Zynlo Bank - 4.20% APY

Feature	Northeast Bank	Select a bank...
Product		N/A
APY	2.50% - 3.00% (as of 11/14/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	No	N/A
Compound Frequency	N/A	N/A
Minimum Deposit	$2,500	N/A
Minimum Balance for APY	$250,000	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A
Eligibility	Available to Maine and New Hampshire residents only.	United States
Note	This is a tiered savings account where the 3% APY may be earned on a balance above $250,000, while balances below that receive an APY of 2.5%.	N/A

Alternatives to Northeast Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

RBMAX

Max Interest Savings: 3.90% APY

Minimum Deposit: $10

Online Only

MutualOne Bank

Mo Premium Savings: 4.07% APY

Minimum Deposit: $20,000

Online Savings: 0.40% APY

Minimum Deposit: $5,000

Online Only

ConnectOne Bank

Connection Plus Savings: 3.60% APY

Minimum Deposit: $2,500

FVCbank

Advantage Direct Savings: 3.85% APY

Minimum Deposit: $500

Online Only

BMO Alto

Savings Account: 3.25% APY

Minimum Deposit: $0

Online Only

TAB Bank

TAB Save: 3.80% APY

Minimum Deposit: $1,000

Online Only

Betterment

Cash Reserve: 3.50% APY

Minimum Deposit: $10

Online Only

Carver Bank

High Yield Savings: 4.00% APY

Minimum Deposit: $5,000

Online Only

Discover Bank

Online Savings Account: 3.40% APY

Minimum Deposit: $0

Online Only

CIT Bank

Platinum Savings: 3.85% APY

Minimum Deposit: $100

Online Only

Savings Connect: 3.75% APY

Minimum Deposit: $100

Online Only

Citizens Access™

Citizens Access® Savings: 3.35% APY

Minimum Deposit: $0.01

Online Only

Santander Bank

Santander Savings: 0.01% APY

Minimum Deposit: $25