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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 636th largest bank in the nation. It was established in 1888 and as of September of 2020, it had grown to 197 employees at 19 locations. North Shore Bank (MA)'s money market rates are 14% higher than the national average, and it has 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 Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #26484
Year Established1888
Employees197
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD7.1%
Annual Interest Income$44.1MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$1.51B$906.9MM
LoansQ3 2020vs Q3 2019$1.19B$710.6MM
DepositsQ3 2020vs Q3 2019$1.31B$747.9MM
Equity CapitalQ3 2020vs Q3 2019$154.0MM$100.0MM
Loan Loss AllowanceQ3 2020vs Q3 2019$13.6MM$9.2MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$7.4MM$2.1MM
Real Estate OwnedQ3 2020vs Q3 2019$0$475.00K
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
0.50%*$2.5m*-Indexed Money Market
OTHER TIERS: 0.15% → Up to $150k | 0.35% → $150k - $350k | 0.36% → $350k - $500k | 0.38% → $500k - $1m | 0.41% → $1m - $2.5m
0.50%*$2.5m*-Business Indexed Money Market
OTHER TIERS: 0.15% → Up to $150k | 0.35% → $150k - $350k | 0.36% → $350k - $500k | 0.38% → $500k - $1m | 0.41% → $1m - $2.5m
0.35%*$75k*-Premier Money Market
OTHER TIERS: 0.10% → $10 - $20k | 0.25% → $20k - $75k
0.20%*$25k*-Money Market Accounts
OTHER TIERS: 0.10% → $10 - $25k
0.15%*$10k*-Commercial Money Market
OTHER TIERS: 0.05% → Up to $10k

North Shore Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$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
1.10%$1k-60 Month CD
0.80%$1k-48 Month CD
0.70%$1k-36 Month CD
0.55%$1k-24 Month CD
0.45%$1k-18 Month CD
0.35%$1k-12 Month CD
0.30%$1k-6 Month CD

North Shore Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$250-60 Month IRA
0.80%$250-48 Month IRA
0.70%$250-36 Month IRA
0.55%$250-18 Month IRA
0.55%$250-24 Month IRA
0.35%$250-12 Month IRA
Locations

Availability

Boston Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.