Dedicated to Deposits: Deals, Data, and Discussion
Northern Bank & Trust Company1.85%$500-60 Month CD
Northern Bank & Trust Company1.40%$500-36 Month CD
Accounts mentioned in this post. Rates as of August 22, 2014

New Top 3-Year CD Rate at Northern Bank & Trust Company


Northern Bank & Trust Company

Northern Bank & Trust Company made a big change to its CD rates yesterday. I reported on this bank last month when it was offering a 1.15% APY 18-month CD. That rate has fallen to 0.75%, but its 3-year CD rate went way up to a very competitive level. The new 3-year CD yield is 1.50%. The 5-year CD rate also went up, but it’s not quite as competitive. The new 5-year CD yield is 1.75%. These rates are listed at the bank’s deposit rates page as of 7/9/2013.

The CD can be opened online, and according to the bank’s online account FAQs, U.S. residents are eligible to apply. Links to and information on the online application are available at this bank page.

The CDs can also be opened at one of the banks eleven branches. Northern Bank & Trust Company branches are located in Massachusetts north of Boston.

The bank has an overall health score at of 4 stars (out of 5) with a Texas ratio of 20.18% (average) based on March 2013 data. Please refer to our financial overview of Northern Bank & Trust Company for more details. The bank has been a FDIC member since 1960 (FDIC Certificate # 18266).

How These CD Rates Compare

For a 3-year CD that’s nationally available, there are only two CDs with higher rates. One is at Connexus Credit Union with a 1.75% APY, but this requires an active checking account with direct deposit. State Bank of India - Chicago has a 1.51% APY 3-year CD, but this requires a $95K minimum deposit, and it can only be opened by mail or at its Chicago branch. There’s also one internet bank with a 1.50% APY 3-year CD. That’s at Salem Five Direct.

Now that Northern Bank & Trust’s 18-month CD rate has fallen, the best 18-month CD deal is at Doral Bank Direct. It has a 1.02% APY, and it allows a one-time penalty-free withdrawal which is a nice feature in today’s environment with the possibility of fast rate hikes.

These rates are accurate as of 7/9/2013.

Searching for the Best CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of

  Tags: Northern Bank & Trust Company, CD rates, Massachusetts

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Comment #1 by primary posted on
Just be sure to read the deposit agreement:
"There will be a $3.00 fee on all external transfers."
"There is a maximum dollar limit of $99,999.99 for each internal transfer and $25,000 for each external transfer."

Comment #2 by Anonymous posted on
I called Northern Bank & Trust Company this morning and they will not allow anyone from California to opening either a 36 or 60 month CD.  They say it's only available to customers from their state.