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Northern Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
www.nbtc.com
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 383rd largest bank in the nation. It was established in 1960 and as of September of 2024, it had grown to 259 employees at 14 locations. Northern Bank's savings rates are 7X the national average, and it has an A health rating.

Related Posts

5.60% APY 9-Month CD Special - 4/30/2024

Northern Bank (not Northern Bank Direct) has added a new money 9-month CD, 5.60% APY. $500 minimum/$250k maximum deposit. Limited-time offer. U.S. residents or citizens living in the New England states can open personal accounts online

View all posts from:


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.

2


Health
A

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18266
Year Established1960
Employees259
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.6%
Return on Equity - YTD11.57%
Annual Interest Income$170.1MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$3.2B$2.94B
LoansQ3 2024vs Q3 2023$2.77B$2.58B
DepositsQ3 2024vs Q3 2023$2.62B$2.44B
Equity CapitalQ3 2024vs Q3 2023$453.1MM$430.7MM
Loan Loss AllowanceQ3 2024vs Q3 2023$53.2MM$48.5MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$35.6MM$33.4MM
Real Estate OwnedQ3 2024vs Q3 2023$18.1MM$6MM
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
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
3.45%$0-Northern Promotional Savings
3.45%$0-Business Northern Promotional Savings
0.10%$0-Non-profit Statement Savings
0.10%$0-Health 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-Northern True Savings

Northern Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.70%*$50k*-Northern Money Market Premier Account Special
OTHER TIERS: 0.10% → $0 - $50k
2.70%*$50k*-Northern Business Money Market Premier Account Special
OTHER TIERS: 0.10% → $0 - $50k
0.05%$0-Northern Money Market Account
0.05%$0-Northern Business Money Market

Northern Bank Checking Account Rates

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

Northern Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.60%$500-4 Month CD
4.60%$500-Business 4 Month CD
4.00%$500$250k6 Month CD
4.00%$500$250kBusiness 6 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 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
4.60%$500-4 Month IRA
4.00%$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

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