Northern Bank Direct
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.80% | 2-year CD | 24-month CD |
| 1.26% | Money Market | Money Market Account 0.90% - Ally Bank Money Market Account |
| 2.20% | 5-year CD | 60-month CD 2.40% - Goldman Sachs Bank USA 5 Year CD |
Headquartered in Woburn, MA, Northern Bank Direct is an online division of Northern Bank, which was founded in 1960. This internet-only bank offers certificates of deposit (CDs) and money market accounts to its banking customers. The bank’s CDs yield higher interest rates for longer terms (terms range from 12 to 60 months). Money market accounts offer access to funds through ATM, electronic transfer, wire, and limited check writing.
Northern Bank Direct offers its customers convenient and secure access to online and mobile banking. Although accounts must be opened online, transactions can be made at any Northern Bank branch location. At the time of this writing, deposits made with Northern Bank Direct are insured by the FDIC (up to applicable limits) through Northern Bank.
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Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18266 |
| Year Established | 1960 |
| Employees | 174 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.44% |
| Return on Equity - YTD | 14.13% |
| Annual Interest Income | $43.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1.94B$1.52B |
| Loans | Q2 2017vs Q2 2016 | $1.69B$1.32B |
| Deposits | Q2 2017vs Q2 2016 | $1.56B$1.25B |
| Equity Capital | Q2 2017vs Q2 2016 | $192.6MM$159.2MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $22.2MM$20.2MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $24.9MM$3.5MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $603.00K$0 |
Always verify rates and promotions with the bank or credit union. We are not Northern Bank Direct; 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.
Northern Bank Direct Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.26%* | - | $250k | Money Market Account | ||
| OTHER TIERS: 0.01% → $1mm+ | 0.75% → $250k - $1mm | |||||
Northern Bank Direct CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.20% | $500 | - | 60-month CD | |
| 2.15% | $500 | - | 48-month CD | |
| 1.85% | $500 | - | 36-month CD | |
| 1.80% | $500 | - | 24-month CD | |
| 1.15% | $500 | - | 12-month CD |
Northern Bank Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 275 Mishawum Road - Woburn, MA 01801