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North Shore Bank (MA)


Overview / Commentary
northshore-bank.com
978-532-4200
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 599th largest bank in the nation. It was established in 1888 and as of December of 2019, it had grown to 207 employees at 19 locations. North Shore Bank (MA)'s money market rates are 82% higher than the national average, and it boasts an A+ health rating.

Reviews (1)

Best Bank In Massachusetts

Posted by: |

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.

 

 

 

2


Health
A+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #26484
Year Established1888
Employees207
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD6.65%
Annual Interest Income$43.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.39B$870.5MM
LoansQ4 2019vs Q4 2018$1.14B$704.9MM
DepositsQ4 2019vs Q4 2018$1.16B$693.7MM
Equity CapitalQ4 2019vs Q4 2018$145.7MM$94.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$9.5MM$8.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$4.7MM$4.3MM
Real Estate OwnedQ4 2019vs Q4 2018$475.00K$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$10-Statement Savings
0.05%$10-Passbook Savings

North Shore Bank (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$1m*$2.5mIndexed Money Market
OTHER TIERS: 0.15% → Up to $150k | 0.38% → $150k - $350k | 0.62% → $350k - $500k | 0.65% → $500k - $1m
0.80%*$1m*-Business Indexed Money Market
OTHER TIERS: 0.15% → Up to $150k | 0.38% → $150k - $350k | 0.62% → $350k - $500k | 0.65% → $500k - $1m
0.65%*$75k*-Premier Money Market
OTHER TIERS: 0.10% → $10 - $20k | 0.50% → $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$1k-60 Month CD
0.90%$1k-48 Month CD
0.75%$1k-18 Month CD
0.75%$1k-24 Month CD
0.75%$1k-36 Month CD
0.50%$1k-12 Month CD
0.45%$1k-6 Month CD

North Shore Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$250-60 Month IRA
0.90%$250-48 Month IRA
0.75%$250-18 Month IRA
0.75%$250-24 Month IRA
0.75%$250-36 Month IRA
0.50%$250-12 Month IRA
Locations

Availability



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