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Northern Bank


Overview / Commentary
www.nbtc.com
781-937-5400
275 Mishawum Road
Woburn, MA 01801

Northern Bank is headquartered in Woburn and is the 19th largest bank in the state of Massachusetts. It is also the 405th largest bank in the nation. It was established in 1960 and as of June of 2022, it had grown to 239 employees at 15 locations. Northern Bank has an A health rating.

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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 Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18266
Year Established1960
Employees239
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.43%
Return on Equity - YTD18.11%
Annual Interest Income$69.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.79B$2.56B
LoansQ2 2022vs Q2 2021$2.35B$2.20B
DepositsQ2 2022vs Q2 2021$2.32B$2.17B
Equity CapitalQ2 2022vs Q2 2021$388.3MM$336.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$40.4MM$39.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$20.4MM$18.4MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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
0.35%--Northern Premium Savings - New Money
0.30%*$100k*-Northern Business Investment Savings
OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $50k | 0.20% → $50k - $100k
0.10%--Non-profit Statement Savings
0.10%--Health Savings
0.10%--Northern True Savings
0.10%--Master Escrow & Sub Accounts
0.10%--Municipal Statement Savings

Northern Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$250k*-Northern Money Market Account
OTHER TIERS: 0.05% → Up to $2.5k | 0.10% → $2.5k - $50k | 0.15% → $50k - $250k
0.20%*$250k*-Northern Business Money Market
OTHER TIERS: 0.05% → Up to $2.5k | 0.10% → $2.5k - $50k | 0.15% → $50k - $250k
0.20%*$250k*-Municipal Money Market
OTHER TIERS: 0.05% → Up to $2.5k | 0.10% → $2.5k - $50k | 0.15% → $50k - $250k

Northern Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.96%--IOLTA Interest Checking
0.10%*$5k*-Northern Premium Checking
OTHER TIERS: 0.05% → $2.5k - $5k
0.05%--Northern Plus Checking
0.05%--Non-profit Interest Checking
0.05%--Municipal Interest Checking

Northern Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$500-36 Month CD
0.65%$500-48 Month CD
0.65%$500-60 Month CD
0.65%$500-Business 36 Month CD
0.65%$500-Business 48 Month CD
0.65%$500-Business 60 Month CD
0.60%$500-24 Month CD
0.60%$500-30 Month CD
0.60%$500-Business 24 Month CD
0.60%$500-Business 30 Month CD
0.55%$500-18 Month CD
0.55%$500-Business 18 Month CD
0.50%$500-12 Month CD
0.50%$500-15 Month CD
0.50%$500-Business 12 Month CD
0.50%$500-Business 15 Month CD
0.40%$500-6 Month CD
0.40%$500-Business 6 Month CD
0.40%$500-9 Month CD
0.40%$500-Business 9 Month CD

Northern Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$500-36 Month IRA
0.65%$500-48 Month IRA
0.65%$500-60 Month IRA
0.60%$500-24 Month IRA
0.60%$500-30 Month IRA
0.55%$500-18 Month IRA
0.50%$500-12 Month IRA
0.50%$500-15 Month IRA
0.40%$500-6 Month IRA
0.40%$500-9 Month IRA
Locations

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