North Shore Bank (MA)

Overview / Commentary
248 Andover Street
Peabody, MA 01960

North Shore Bank (MA) is headquartered in Peabody and is the 33rd largest bank in the state of Massachusetts. It is also the 634th largest bank in the nation. It was established in 1888 and as of June of 2020, it had grown to 208 employees at 19 locations. North Shore Bank (MA)'s money market rates are 36% higher than the national average, and it has an A health rating.

Reviews (1)

Best Bank In Massachusetts

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.





Health Grade Components

FDIC Certificate #26484
Year Established1888
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD6.07%
Annual Interest Income$29.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.49B$894.1MM
LoansQ2 2020vs Q2 2019$1.18B$709.9MM
DepositsQ2 2020vs Q2 2019$1.29B$734.5MM
Equity CapitalQ2 2020vs Q2 2019$150.6MM$98.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$12.2MM$8.9MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$8.4MM$2.9MM
Real Estate OwnedQ2 2020vs Q2 2019$0$475.00K
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Always verify rates and promotions with the bank or credit union. We are not North Shore Bank (MA); 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 (MA) Savings Account Rates

0.05%$10-Statement Savings
0.05%$10-Passbook Savings

North Shore Bank (MA) Money Market Rates

0.60%*$1m*$2.5mIndexed Money Market
OTHER TIERS: 0.15% Up to $150k | 0.38% $150k - $350k | 0.43% $350k - $500k | 0.46% $500k - $1m
0.60%*$1m*-Business Indexed Money Market
OTHER TIERS: 0.15% Up to $150k | 0.38% $150k - $350k | 0.43% $350k - $500k | 0.46% $500k - $1m
0.50%*$75k*-Premier Money Market
OTHER TIERS: 0.10% $10 - $20k | 0.40% $20k - $75k
0.20%*$10k*-Commercial Money Market
OTHER TIERS: 0.05% Up to $10k
0.20%*$25k*-Money Market Accounts
OTHER TIERS: 0.10% $10 - $25k

North Shore Bank (MA) Checking Account Rates

0.45%*$50k*-Interest Checking
OTHER TIERS: 0.00% $10 - $50k
0.05%$10-Advantage Checking Account
0.05%$10-Business Interest Checking

North Shore Bank (MA) CD Rates

1.20%$1k-60 Month CD
0.90%$1k-48 Month CD
0.75%$1k-36 Month CD
0.70%$1k-24 Month CD
0.60%$1k-18 Month CD
0.50%$1k-12 Month CD
0.45%$1k-6 Month CD

North Shore Bank (MA) IRA Rates

1.20%$250-60 Month IRA
0.90%$250-48 Month IRA
0.75%$250-36 Month IRA
0.70%$250-24 Month IRA
0.60%$250-18 Month IRA
0.50%$250-12 Month IRA


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