Commercial Banking

Professional, experienced business bankers are ready to assist you and your business in achieving the optimum return with a business banking partnership with Bank of New England.

At Bank of New England, we pride ourselves on providing exceptional service and personal attention to each clients' unique needs.

Business Checking Account

As a commercial depositor, our Business Checking Account is a convenient, inexpensive way to handle your financial record-keeping requirements. No minimum balance requirement. Statements mailed monthly.

Money Market Account

Money Market Accounts are available to all our customers. They offer an excellent way for you to have instant access to your investment funds while enjoying a competitive rate of interest.

Business Savings Account

Interest on Lawyers Trust Account ("IOLTAs")

The IOLTA Program funds critical services in local communities. Interest earned on these accounts supports the Bar Foundation's statewide IOLTA Grants Program. Through IOLTA grants, tens of thousands of our most vulnerable citizens receive free or low cost civil legal services. IOLTA grants fund educational programs that teach our youth and the public about the law and the justice system.

Certificates of Deposit

Certificates of Deposit are available to all our customers. They offer an excellent way for you to safeguard your investment funds and earn high rates while building capital or providing current income. Interest compounding monthly (for CD terms in excess of six months). Interest rate guaranteed for term of investment. Automatic renewal option at maturity. Balances insured by the FDIC up to the maximum allowed by law. Penalty for early withdrawal may apply.

Certificate of Deposit Rates

Term Interest Rate APY
7-30 DAYS 0.15% 0.15%
31-90 DAYS 0.15% 0.15%
91-182 DAYS 0.15% 0.15%
183-364 DAYS 0.25% 0.25%
12-23 MONTHS 0.60% 0.60%
18 MONTHS 0.65% 0.65%
24-35 MONTHS 0.85% 0.85%
36-47 MONTHS 1.24% 1.25%
48-60 MONTHS 1.74% 1.75%

Effective 08/25/2014

Annual Percentage yield reflects monthly compounding over full term of Certificates of Deposit. Please contact a bank representative for applicable rates and documentation required for IRA certificates of deposit.

$500 Minimum Balance Required.

Substantial penalty for early withdrawal may apply.

All rates are effective as of 08/25/2014 and are subject to change without notice.