Northeast Bank: Savings Accounts & Rates

Updated: 2/20/2026

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 Propel Preferred Savings, a high-yield savings account paying 2.75% APY with a $50 minimum deposit.

At 2.75% APY, Northeast Bank pays 7x the national average (0.39%). Ranks in the top tier of 99+ accounts tracked.

Northeast Bank also offers High-Yield Savings at 2.75% APY — a simpler option that doesn't require a linked checking account.

Northeast Bank also offers Propel Fusion Savings at 0.05% APY — a simpler option that doesn't require a linked checking account.

Ideal User Profile

Best for: keeping checking and savings at one bank, quick transfers with Zelle, and having a branch nearby when you need one.

Important Considerations

To earn the Propel Preferred Savings top rate, you'll need a linked checking account with Northeast Bank.

Key Differentiators

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

Savings Overview

Propel Preferred Savings

2.75% APY

Rate Adjusted

-0.25%

Since 90 days ago

Min: $50 Checking Bundle Branch Access

Rank #84 of 99 tracked.

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

High-Yield Savings

2.75% APY

Tiered Range: 2.25% - 2.75%

Rate Adjusted

-0.25%

Since 90 days ago

Min: $2,500 Branch Access

Rank #85 of 99 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 Fusion Savings

0.05% APY

Very StableNo rate changes in last 90 days

Min: $50 Branch Access

Rank #96 of 99 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, 1/1/2026).
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 Feb 20, 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 Feb 20, 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	Propel Preferred Savings	High-Yield Savings	Propel Fusion Savings
APY	2.75%Verified: 2/20/2026	2.75%Range: 2.25% - 2.75%Verified: 2/20/2026	0.05%Verified: 2/20/2026
APY Trend	Rate Adjusted -0.25% Since 90 days ago	Rate Adjusted -0.25% Since 90 days ago	Very StableNo rate changes in last 90 days
Min. Deposit	$50	$2,500	$50
Min. Balance	$0.01	$250,000	$0.01
Monthly Fee	$0	$0	$0
Direct Deposit	None	None	None
Checking Bundle	Yes	No	No
Branch Access	Yes	Yes	Yes
Compounding	N/A	N/A	Monthly
FDIC Insured	Yes	Yes	Yes
Eligibility	Available to Maine residents only.	Available to Maine and New Hampshire residents only.	Available to Maine residents only.
Important	The 2.75% APY requires an active Propel Premier Checking account, or a much lower APY applies. See bank for details.	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	-	-	-

Calculate Savings for Northeast Bank

All calculations are based on APY.

Choose savings account

Initial Deposit

Recurring Deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,060.90(7.0%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,060.90

Effective APY

2.75%

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 3 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	-10.5	-10.6
Rate Changes / Mo	0.00	0.31	0.31
Days Since Last Change	97	62	62
High (-3m)	0.05%	3.00%	3.00%
Low (-3m)	0.05%	2.75%	2.75%
Draw-down	0.0%	-8.3%	-8.3%
Volatility (CV)	0.000	0.042	0.042

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 97-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	2.75%Verified: 2/20/2026	-
APY Trend	Rate Adjusted -0.25% Since 90 days ago	-
Min. Deposit	$50	-
Monthly Fee	$0	-
Direct Deposit	No	-
Checking Bundle	Yes	-
Branch Access	Yes	-
Eligibility	Available to Maine residents only.	-
Compounding	N/A	-
FDIC Insured	Yes	-
Note	The 2.75% APY requires an active Propel Premier Checking account, or a much lower APY applies. See bank for details.	-
Next Steps	-	-