NUVO Bank & Trust Company will never call you asking for your account or personal information. You should never enter any personal information if prompted online, by email or text message. If you ever receive a call like this, do not give out your information and please notify us right away.
NUVO Bank is a locally-owned, independent, small business bank located in downtown Springfield, MA.
Being a local bank has distinct advantages — for you and for the community. The money you deposit with NUVO Bank stays local. We make local decisions about that money, reinvesting it to benefit businesses and people in the region.
The simplicity of our products is based on No-Catch Checking, which gives you checking and savings plans with no strings attached — no minimum balance or direct deposit requirements, no monthly maintenance or activity charges, no hidden fees, and no fees for ATM use, anywhere in the country. If you don't have one already, you can open a No-Catch Checking Account online right now.
We also have a wide range of savings plans with some of the most competitive rates in the area, including our Growth Savings Account, an extremely attractive solution that protects your principal while letting you earn interest and gives you access to your money at any time. Our Growth CD lets you make additional deposits at any time during the term of the Growth CD and gives you a one-time option to request a raise in your rate in the event NUVO Bank raises its CD rates.
And we have state-of-the-art technology that helps simplify banking for everyone, including convenient telephone banking, mobile-texting balance inquiry, and Remote Deposit Capture, the service that lets businesses make deposits electronically from the workplace, eliminating the time and costs associated with paper deposits. And in addition to our excellent rates on business loans, we also offer business online banking (which is QuickBooks compatible) to help simplify your small business accounting needs.
With NUVO Bank, you know that your savings are well protected. We have FDIC Insurance and, as a member of the CDARS program, we can offer insurance on deposits up to $50 million.
Bank Responsibly at NUVO Bank.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNT
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction amounts, visit www.fdic.gov.
* APR refers to Annual Percentage Rate. The APR may increase after consummation on adjustable rate products. The actual interest rate and fees available to you will be based on your credit history (and other factors) and may be different than the rates displayed here.