North Shore Bank, a Co-operative Bank

Overview / Commentary

978-532-4200

248 Andover Street
Peabody, MA 01960

North Shore Bank, a Co-operative Bank is headquartered in Peabody and is the 47^th largest bank in the state of Massachusetts. It is also the 892^nd largest bank in the nation. It was established in 1888 and as of June of 2019, it had grown to 145 employees at 12 locations. North Shore Bank, a Co-operative Bank's money market rates are 5X the national average, and it boasts an A+ health rating.

Reviews (1)

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Best Bank In Massachusetts

Posted by: workingmom81 | Dec 21, 2011

The slogan for this bank is "well north of your expecations", it lives up to its slogan.

I feel like a person, they answer their own telephones, return telephone calls, and if they don't know, they find someone who does.

I have a checking, savings, and my IRA accounts there and wouldn't take it anywhere else.

Comment

Health

A+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	26484
Year Established	1888
Employees	145
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.73%
Return on Equity - YTD	6.59%
Annual Interest Income	$19.0MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$894.1MM$848.4MM
Loans	Q2 2019vs Q2 2018	$709.9MM$683.5MM
Deposits	Q2 2019vs Q2 2018	$734.5MM$686.0MM
Equity Capital	Q2 2019vs Q2 2018	$98.4MM$91.4MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$8.9MM$7.9MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$2.9MM$2.1MM
Real Estate Owned	Q2 2019vs Q2 2018	$475.00K$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not North Shore Bank, a Co-operative Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

North Shore Bank, a Co-operative Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$10	-	Statement Savings
0.05%	$10	-	Passbook Savings

North Shore Bank, a Co-operative Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.98%^*	$1m^*	$2.5m	Indexed Money Market
OTHER TIERS: 0.15% → Up to $150k \| 0.38% → $150k - $350k \| 1.36% → $350k - $500k \| 1.71% → $500k - $1m
1.32%^*	$75k^*	-	Premier Money Market
OTHER TIERS: 0.15% → Up to $75k
0.25%^*	$25k^*	-	Money Market Accounts
OTHER TIERS: 0.10% → $10 - $25k
0.20%^*	$10k^*	-	Business Money Market
OTHER TIERS: 0.05% → Up to $10k

North Shore Bank, a Co-operative Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	$10	-	Advantage Checking Account
0.05%	$10	-	Interest Checking
0.05%	$10	-	Business Interest Checking

North Shore Bank, a Co-operative Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.03%	$1k	-	60 Month CD
1.85%	$1k	-	7 Month "No Catch" CD Special
1.43%	$1k	-	48 Month CD
1.03%	$1k	-	36 Month CD
0.78%	$1k	-	12 Month CD
0.78%	$1k	-	18 Month CD
0.78%	$1k	-	24 Month CD
0.35%	$1k	-	6 Month CD

North Shore Bank, a Co-operative Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.03%	$250	-	60 Month IRA
1.75%	$250	-	12 Month IRA
1.43%	$250	-	48 Month IRA
1.03%	$250	-	36 Month IRA
0.78%	$250	-	18 Month IRA
0.78%	$250	-	24 Month IRA

Locations

Availability

Boston Area

Boston Area bank & credit union details

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