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Northern Bank

Overview / Commentary
275 Mishawum Road
Woburn, MA 01801

Northern Bank is headquartered in Woburn and is the 20th largest bank in the state of Massachusetts. It is also the 382nd largest bank in the nation. It was established in 1960 and as of March of 2019, it had grown to 203 employees at 14 locations. Northern Bank's CD rates are 94% higher than the national average, and it has an A health rating.

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Health Grade Components

FDIC Certificate #18266
Year Established1960
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD12.4%
Annual Interest Income$28.3MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$2.26B$2.08B
LoansQ1 2019vs Q1 2018$1.94B$1.81B
DepositsQ1 2019vs Q1 2018$1.87B$1.69B
Equity CapitalQ1 2019vs Q1 2018$233.8MM$208.8MM
Loan Loss AllowanceQ1 2019vs Q1 2018$25.1MM$23.5MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$15.6MM$24.4MM
Real Estate OwnedQ1 2019vs Q1 2018$183.00K$603.00K
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Always verify rates and promotions with the bank or credit union. We are not Northern Bank; 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 Savings Account Rates

0.50%$25-Health Savings
0.35%*$100k*-Northern Light Savings
OTHER TIERS: 0.15% Up to $5k | 0.20% $5k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
0.35%*$100k*-Northern Business Investment Savings
OTHER TIERS: 0.15% Up to $5k | 0.20% $5k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
0.15%--Statement Savings
0.15%--Passbook Savings
0.15%--Non-profit Statement Savings

Northern Bank Money Market Rates

0.50%*$250k*-Money Market Investment
OTHER TIERS: 0.15% Up to $2.5k | 0.20% $2.5k - $50k | 0.35% $50k - $250k
0.50%*$250k*-Northern Business Money Market
OTHER TIERS: 0.15% Up to $2.5k | 0.20% $2.5k - $50k | 0.35% $50k - $250k

Northern Bank Checking Account Rates

0.50%*$10k*-Northern Premium Checking
OTHER TIERS: 0.05% $2.5k - $5k | 0.25% $5k - $10k
0.05%--Northern Plus Checking
0.05%--Non-profit Interest Checking

Northern Bank CD Rates

2.60%$500-18 Month CD
2.55%$500-15 Month CD
2.50%$500-36 Month CD
2.50%$500-48 Month CD
2.50%$500-60 Month CD
2.40%$500-24 Month CD
2.40%$500-30 Month CD
1.75%$500-12 Month CD
0.50%$500-6 Month CD

Northern Bank IRA Rates

2.60%$500-18 Month IRA
2.55%$500-15 Month IRA
2.50%$500-36 Month IRA
2.50%$500-48 Month IRA
2.50%$500-60 Month IRA
2.40%$500-24 Month IRA
2.40%$500-30 Month IRA
1.75%$500-12 Month IRA
0.50%$500-6 Month IRA


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