North Shore Bank (MA)

Overview / Commentary
248 Andover Street
Peabody, MA 01960

North Shore Bank (MA) is headquartered in PEABODY and is the 32nd largest bank in the state of Massachusetts. It is also the 676th largest bank in the nation. It was established in 1888 and as of March of 2024, it had grown to 183 employees at 16 locations. North Shore Bank (MA)'s money market rates are 7X the national average, and it has an A health rating.

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10- And 14-Month CD Specials, 5.75% APY - 11/2/2023

The CD Specials have to be opened at a branch. 14 Massachusetts branches (greater Boston) and 1 New Hampshire branch.

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 - YTD0.95%
Return on Equity - YTD7.65%
Annual Interest Income$19.8MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.66B$1.61B
LoansQ1 2024vs Q1 2023$1.32B$1.23B
DepositsQ1 2024vs Q1 2023$1.4B$1.38B
Equity CapitalQ1 2024vs Q1 2023$208.4MM$192MM
Loan Loss AllowanceQ1 2024vs Q1 2023$19.9MM$18.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$4.2MM$6MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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
0.05%$10-Business Savings Account

North Shore Bank (MA) Money Market Rates

3.00%*$2.5m*-Indexed Money Market
OTHER TIERS: 0.10% $0 - $150k | 0.23% $150k - $350k | 0.96% $350k - $500k | 1.20% $500k - $1m | 1.74% $1m - $2.5m
1.25%*$75k*-Premier Money Market
OTHER TIERS: 0.10% $10 - $20k | 0.40% $20k - $75k
0.25%*$2.5m*-Business Indexed Money Market
OTHER TIERS: 0.10% $0 - $150k | 0.15% $150k - $350k | 0.17% $350k - $500k | 0.19% $500k - $1m | 0.22% $1m - $2.5m
0.15%*$10k*-Commercial Money Market
OTHER TIERS: 0.05% $0 - $10k
0.15%*$25k*-Money Market Accounts
OTHER TIERS: 0.10% $10 - $25k

North Shore Bank (MA) Checking Account Rates

0.05%$10-Advantage Checking Account
0.05%$10-Interest Checking
0.05%$10-Business Interest Checking

North Shore Bank (MA) CD Rates

5.00%$0-9 Month CD Special
4.50%$0-6 Month CD
4.50%$0-12 Month CD
4.00%$0-18 Month CD
3.50%$0-24 Month CD
1.50%$0-60 Month CD
1.30%$0-48 Month CD
1.20%$0-36 Month CD

North Shore Bank (MA) IRA Rates

4.50%$0-12 Month IRA
4.00%$0-18 Month IRA
3.50%$0-24 Month IRA
1.50%$0-60 Month IRA
1.30%$0-48 Month IRA
1.20%$0-36 Month IRA


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