Welcome to the new website for North Shore Bank and Abington Bank. On September 21, 2024, North Shore Bank and Abington Bank merged creating a premier community bank with 25 branches throughout eastern Massachusetts and southern New Hampshire. Abington Bank is now a division of North Shore Bank. Together, we can unlock your potential!
Certificate of Deposit
A CD earns you a fixed rate for a fixed term—regardless of what happens in the financial markets.
Substantial penalty for early withdrawal.
FEATURES
- $1,000 minimum to open
- Terms from 3 months to 5 years
- Access your interest penalty-free at any time
Check out the Current Rates.
Individual Retirement Accounts (IRAs)
An IRA is the ideal way to save for the future while taking advantage of tax benefits and a higher interest rate on your money today! Save up to the IRS contribution limit each year and, if you’re age 50 or older, you can contribute an extra $1,000 each year!*
First, choose the type of IRA plan that works for you:
Traditional IRA
- Contributions from earned income can be made at any age*
- Annual contributions may be tax-deductible*
- Interest earned is tax-deferred until withdrawn**
- Distributions must begin the year you reach age 73
*Certain restrictions may apply. Consult your tax advisor. IRAs are not eligible for online account opening or Online Banking. IRA Certificates of Deposit are not available for terms of less than three months.
**Substantial penalty for early withdrawal.
Roth IRA
- Contributions from earned income can be made at any age*
- Contributions can be made even if you are currently enrolled in a qualified employee pension plan*
- Annual contributions are not tax-deductible
- Distributions are tax- and penalty-free once you’ve reached age 59 1/2 and have been in a Roth IRA plan for at least five years**
- No minimum distributions are required
*Certain restrictions may apply. Consult your tax advisor. IRAs are not eligible for online account opening or Online Banking. IRA Certificates of Deposit are not available for terms of less than three months.
**Substantial penalty for early withdrawal.
Then, choose the retirement deposit account that helps you meet your goals:
IRA Certificate of Deposit
Earn a guaranteed interest rate on your retirement savings while it’s 100% insured — no matter what happens in the financial markets.
- $1,000 minimum to open
- Terms from 6 months to 5 years
IRA Money Market
Put saving for retirement on autopilot with this flexible IRA account that lets you save a little at a time, as often
as you’d like.
- $10 minimum to open
- Deposits can be made anytime
- Earns a competitive, variable rate