North Shore Bank (MA)

Overview / Commentary

978-532-4200

248 Andover Street
Peabody, MA 01960

North Shore Bank (MA) 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 (MA)'s money market rates are 4X 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 (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

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

North Shore Bank (MA) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.78%^*	$1m^*	$2.5m	Indexed Money Market
OTHER TIERS: 0.15% → Up to $150k \| 0.38% → $150k - $350k \| 1.21% → $350k - $500k \| 1.53% → $500k - $1m
1.78%^*	$1m^*	-	Business Indexed Money Market
OTHER TIERS: 0.15% → Up to $150k \| 0.38% → $150k - $350k \| 1.21% → $350k - $500k \| 1.53% → $500k - $1m
1.05%^*	$75k^*	-	Premier Money Market
OTHER TIERS: 0.00% → Up to $20k \| 0.10% → $20k - $75k
0.25%^*	$25k^*	-	Money Market Accounts
OTHER TIERS: 0.10% → $10 - $25k
0.20%^*	$10k^*	-	Commercial Money Market
OTHER TIERS: 0.05% → Up to $10k

North Shore Bank (MA) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$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

APY	MIN	MAX	ACCOUNT NAME
2.03%	$1k	-	60 Month CD
1.80%	$1k	-	6 Month CD
1.75%	$1k	-	12 Month CD
1.43%	$1k	-	48 Month CD
1.03%	$1k	-	36 Month CD
0.78%	$1k	-	18 Month CD
0.78%	$1k	-	24 Month CD

North Shore Bank (MA) 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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