Northern Bank


Overview / Commentary
781-937-5400
275 Mishawum Road
Woburn, MA 01801

Northern Bank is headquartered in WOBURN and is the 17th largest bank in the state of Massachusetts. It is also the 397th largest bank in the nation. It was established in 1960 and as of March of 2025, it had grown to 256 employees at 14 locations. Northern Bank's savings rates are 5X the national average, and it has a B+ health rating.

Reviews (1)

Moderate Interest Rates On MMDA

Posted by: |

For most of us their account here will be the interest-bearing checkable savings account. The usual few checks/month. And printing the checks from the bank is EXPENSIVE--just had done for $1 per check and deposit slip. At this time, it pays about 1/3 the interest that can be received elsewhere from safe accounts. Still higher than your average credit union. Customer service is acceptable--sometimes with delay and just going through the motions and others nicely done. The usual phone verification extra step delays things.



Health
B+

Health Grade Components

Overall
FDIC Certificate #18266
Year Established1960
Employees256
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD11.2%
Annual Interest Income$62.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$3.13B$3.23B
LoansQ1 2025vs Q1 2024$2.67B$2.75B
DepositsQ1 2025vs Q1 2024$2.6B$2.69B
Equity CapitalQ1 2025vs Q1 2024$464.5MM$441.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$63.6MM$51.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$66.4MM$44.9MM
Real Estate OwnedQ1 2025vs Q1 2024$6MM$10.1MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$0-Northern Promotional Savings
2.60%$0-Business Northern Promotional Savings
0.10%$0-Non-profit Statement Savings
0.10%$0-Northern Premium Savings - New Money
0.10%$0-Master Escrow & Sub Accounts
0.10%$0-Municipal Statement Savings
0.05%$0-Northern Business Investment Savings
0.05%$0-Health Savings
0.01%$0-Northern True Savings

Northern Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$0-Northern Business High Yield Money Market Account
2.00%*$50k*-Northern Money Market Premier Account Special
OTHER TIERS: 0.05% $0 - $50k
2.00%*$50k*-Northern Business Money Market Premier Account Special
OTHER TIERS: 0.05% $0 - $50k
2.00%*$500k*-HOA Money Market
OTHER TIERS: 0.75% $0 - $50k | 1.00% $50k - $100k | 1.50% $100k - $250k | 1.75% $250k - $500k
0.01%$0-Northern Money Market Account

Northern Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.48%$0-IOLTA Interest Checking
0.05%$2.5k-Northern Premium Checking
0.05%$0-Non-profit Interest Checking
0.05%$0-Municipal Interest Checking
0.01%$0-Northern Plus Checking

Northern Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-4 Month CD
4.25%$500-Business 4 Month CD
4.25%$500-10 Month CD
4.25%$500-Business 10 Month CD
3.50%$500$250k6 Month CD
3.50%$500$250k12 Month CD
3.50%$500$250k18 Month CD
3.50%$500$250k24 Month CD
3.50%$500$250k30 Month CD
3.50%$500$250k36 Month CD
3.50%$500$250k48 Month CD
3.50%$500$250k60 Month CD
3.50%$500$250k15 Month CD
3.50%$500$250kBusiness 6 Month CD
3.50%$500$250kBusiness 12 Month CD
3.50%$500$250kBusiness 15 Month CD
3.50%$500$250kBusiness 18 Month CD
3.50%$500$250kBusiness 24 Month CD
3.50%$500$250kBusiness 30 Month CD
3.50%$500$250kBusiness 36 Month CD
3.50%$500$250kBusiness 48 Month CD
3.50%$500$250kBusiness 60 Month CD
3.50%$500$250k9 Month CD
3.50%$500$250kBusiness 9 Month CD

Northern Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-4 Month IRA
4.25%$500-10 Month IRA
3.50%$500$250k6 Month IRA
3.50%$500$250k12 Month IRA
3.50%$500$250k18 Month IRA
3.50%$500$250k24 Month IRA
3.50%$500$250k30 Month IRA
3.50%$500$250k36 Month IRA
3.50%$500$250k48 Month IRA
3.50%$500$250k60 Month IRA
3.50%$500$250k15 Month IRA
3.50%$500$250k9 Month IRA
Locations

Availability

Boston Area

Interactive local rates map


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