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North Shore Bank (MA)


Overview / Commentary
northshore-bank.com
978-573-1300
248 Andover Street
Peabody, MA 01960

North Shore Bank (MA) is headquartered in PEABODY and is the 34th largest bank in the state of Massachusetts. It is also the 678th largest bank in the nation. It was established in 1888 and as of March of 2023, it had grown to 174 employees at 16 locations. North Shore Bank (MA)'s money market rates are 7X the national average, and it has a B+ 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
B+

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #26484
Year Established1888
Employees174
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.27%
Return on Equity - YTD10.8%
Annual Interest Income$17.1MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$1.61B$1.68B
LoansQ1 2023vs Q1 2022$1.23B$1.16B
DepositsQ1 2023vs Q1 2022$1.38B$1.49B
Equity CapitalQ1 2023vs Q1 2022$192.0MM$174.1MM
Loan Loss AllowanceQ1 2023vs Q1 2022$18.6MM$16.9MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$6.0MM$4.8MM
Real Estate OwnedQ1 2023vs Q1 2022$0$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
3.00%*$2.5m*-Indexed Money Market
OTHER TIERS: 0.10% → Up to $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% → Up to $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% → Up to $10k
0.15%*$25k*-Money Market Accounts
OTHER TIERS: 0.10% → $10 - $25k

North Shore Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$10-Advantage Checking Account
0.05%$10-Interest Checking
0.05%$10-Business Interest Checking

North Shore Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-6 Month CD
4.50%$1k-12 Month CD
4.50%$1k-18 Month CD
3.50%$1k-24 Month CD
1.50%$1k-60 Month CD
1.30%$1k-48 Month CD
1.20%$1k-36 Month CD

North Shore Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$250-12 Month IRA
4.50%$250-18 Month IRA
3.50%$250-24 Month IRA
1.50%$250-60 Month IRA
1.30%$250-48 Month IRA
1.20%$250-36 Month IRA
Locations

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