CD and IRA accounts made for your future
You’re planning for something meaningful. Whether it’s saving for a major milestone or building long-term financial stability, our CDs and IRAs offer dependable ways to grow your money.
CDs grow your savings with guaranteed returns
CDs are a simple, dependable way to earn a higher rate on funds you can set aside. With fixed terms and predictable returns, they help your money grow while giving you options that match your timeframe.
- Higher earning potential with fixed terms
- Simple or compound interest, depending on the term
- Fully insured by FDIC and DIF
- Predictable growth for funds you don’t need right away
- Early withdrawal penalties may apply.
Compare our Certificates of Deposit
Term less than 12 months | Term of 12 months or more | |
|---|---|---|
Ideal if… | You’re looking for a shorter-term option to grow your funds. | You have more time for your funds to grow. |
Required opening deposit | $2,500.00 | $300.00 |
Interest type | Simple | Daily compounded |
Minimum balance | See the chart1 | See the chart1 |
Getting started | View current rates | View current rates |
3 months interest on terms between 3-11 months
6 months interest on terms between 12-23 months
12 months interest on terms between 24-47 months
24 months interest on terms between 48-60 months
Note: Amount could include principal and interest on the amount withdrawn
Choose the right IRA for your plan
Details | Roth IRA | Traditional IRA | Simplified Employee Pension | Coverdell Education Savings Account |
|---|---|---|---|---|
Ideal if… | You prefer paying taxes now for tax-free withdrawals later. | You prefer tax-deductible contributions with taxable withdrawals later. | You’re self-employed and want to save for retirement. | You want a tax-advantaged way to save for qualified education expenses. |
Tax-deductible contributions | Not included | Included | Included | Included |
Qualified withdrawals | Tax-free after age 59½ | Tax-free after age 59½ | Taxable; penalty if withdrawn before 59½ | Tax-free for qualified educational expenses |
Required distributions | None | Based on birth year; begins at age 70½, 72, or 73 | Based on birth year; begins at age 70½, 72, or 73 | By age 30 (unless special needs) |
How to open | Visit one of our branches | Visit one of our branches | Visit one of our branches | Visit one of our branches |
Track progress wherever the journey takes you
Stay connected to your savings with secure digital tools that help you manage, move, and make savings decisions quickly, so you stay organized, anytime, anywhere.
- Real-time balances and activity
- Set up automated savings
- Easy transfers from checking to savings
- Pay your Newburyport Bank loan from an account at another bank
- Live chat with a representative
- Monitor and improve your credit score
- Budget better with our Money Management tool
Journey Well Stories
“Running a small business means wearing a lot of hats—and my bank makes it easier. When challenges came up, they stepped in fast, helped us through tough moments, and gave me real peace of mind. That kind of partnership has helped Port City Glass grow and thrive.”
Journey Well Stories
“When I started Six26 Construction, Newburyport Bank helped me get off the ground and into a position to be self-sustaining. Now that we are taking on larger projects, having a local team that understands our industry and can move quickly makes all the difference. They’re part of our growth plan.”
