Now through October 31, 2018, Wisconsin-based North Shore Bank, FSB (North Shore Bank) is offering two Promo CDs: 13-month (2.75% APY) and 30-month (3.00% APY). The Promo CDs require a $1k minimum opening deposit of new money and are capped at $250k. Of the two, the 13-month has the more competitive APY.
As stated on the landing page, the Early Withdrawal Penalty reads as follows:
Penalty for early withdrawal is equal to six months of interest.
$300 Checking Bonus
North Shore Bank is offering new checking customers a bonus of up to $300 when opening a new checking account (Better-Than-Free, Perks, or Platinum Checking) now through November 7, 2018. The “up to $300” is based on meeting monthly requirements.
Debit card or direct deposit bonus of $20.00 will be credited to the new checking account each month after your statement cycles for up to 15 months provided you have had 10 qualified debit card transactions or a direct deposit for that statement cycle.
The bonus is offered to new “personal households” only and there is a limit of one new customer incentive bonus per household every 24 months. Bonus will be credited monthly in $20 increments beginning with the December 2018 statement
Any of North Shore Bank’s three checking accounts (Better-Than-Free, Perks, and Platinum) qualify for the bonus. One nice feature is that monthly fees ($6, Better-Than-Free; $12, Perks; $20, Platinum) are waived for the first three months following account opening. Beyond the initial three months, the monthly fees can also be waived if certain requirements are met:
- Better-Than-Free - average balance of $750, or $2,500 in relationship balances, or any direct deposits, or 10 debit card transactions.
- Perks - $5,000 total deposits, or minimum daily checking balance of $2,000, or any loan balance.
- Platinum - minimum of $35,000 is maintained in deposits, line of credit, consumer loan, or mortgage balance.
Other possible fees include a $40 early account termination fee if the new account is closed within 180 days of opening, and a $6 monthly fee for inactivity (after six months). Complete details are available on the Personal Checking Accounts page.
Headquartered in Brookfield, Wisconsin, North Shore Bank’s market area includes the eastern Wisconsin counties of Brown, Dodge, Kenosha, Kewanee, Manitowoc, Milwaukee, Monroe, Oconto, Outagamie, Ozaukee, Racine, Shawano, Walworth, Washington, Waukesha, and Winnebago, and McHenry County, Illinois.
Opening a North Shore Bank checking account and applying for the $300 bonus can be done online, using the promo code, “OCTOBER SPECIAL.”
North Shore Bank, FSB has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 5.72% (excellent), based on June 30, 2018 data. In the past year, North Shore Bank has increased its total non-brokered deposits by $51.09 million, an excellent annual growth rate of 3.13%. Please refer to our financial overview of North Shore Bank, FSB (FDIC Certificate # 28679) for more details.
North Shore Bank, FSB was established in 1923 as The North Shore Building & Loan Association, by a group of local teachers in a backroom of a local hardware store. In 1983, the Bank began a 33-year expansion, which included the acquisition of eight banks in Wisconsin and Illinois and two name changes. North Shore Bank is currently the sixth largest bank in Wisconsin, with assets in excess of $1.9 billion and a market area that covers Wisconsin’s Lake Michigan border.
How the Promo CD Compares
When compared to 287 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the Bank’s market area, North Shore Bank's 13-month Promo CD APY currently shares the top spot with Banesco USA’s 12-month CD APY and Fort Knox Federal Credit Union’s 14-month CD Special.
The above rates are accurate as of 10/25/2018.
To look for the best CD rates, both nationwide and state-specific, please refer to our CD Rates Table page.