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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 17th largest bank in the state of Massachusetts. It is also the 373rd largest bank in the nation. It was established in 1960 and as of June of 2024, it had grown to 261 employees at 14 locations. Northern Bank's money market rates are 8X 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

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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 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18266
Year Established1960
Employees261
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.72%
Return on Equity - YTD12.5%
Annual Interest Income$111.1MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$3.31B$2.99B
LoansQ2 2024vs Q2 2023$2.78B$2.54B
DepositsQ2 2024vs Q2 2023$2.79B$2.43B
Equity CapitalQ2 2024vs Q2 2023$448.8MM$423.5MM
Loan Loss AllowanceQ2 2024vs Q2 2023$52.3MM$47.4MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$46MM$29.9MM
Real Estate OwnedQ2 2024vs Q2 2023$10.1MM$44.7MM
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
4.10%$0-Northern Promotional Savings
4.10%$0-Business Northern Promotional Savings
0.30%*$100k*-Northern Business Investment Savings
OTHER TIERS: 0.05% → $0 - $25k | 0.10% → $25k - $50k | 0.20% → $50k - $100k
0.25%$0-Northern Premium Savings - New Money
0.10%$0-Non-profit Statement Savings
0.10%$0-Health Savings
0.10%$0-Master Escrow & Sub Accounts
0.10%$0-Municipal Statement Savings
0.05%$0-Northern True Savings

Northern Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$250k*-Northern Money Market Premier Account Special
OTHER TIERS: 0.10% → $0 - $50k | 3.25% → $50k - $100k | 3.35% → $100k - $250k
3.50%*$250k*-Northern Business Money Market Premier Account Special
OTHER TIERS: 0.10% → $0 - $50k | 3.25% → $50k - $100k | 3.35% → $100k - $250k
0.20%*$250k*-Northern Money Market Account
OTHER TIERS: 0.05% → $0 - $2.5k | 0.10% → $2.5k - $50k | 0.15% → $50k - $250k
0.20%*$250k*-Northern Business Money Market
OTHER TIERS: 0.05% → $0 - $2.5k | 0.10% → $2.5k - $50k | 0.15% → $50k - $250k

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
5.00%$500$250k6 Month CD
5.00%$500$250kBusiness 6 Month CD
5.00%$500$250k9 Month CD
5.00%$500$250kBusiness 9 Month CD
4.75%$500$250k12 Month CD
4.75%$500$250kBusiness 12 Month CD
4.50%$500$250k18 Month CD
4.50%$500$250k24 Month CD
4.50%$500$250k15 Month CD
4.50%$500$250kBusiness 15 Month CD
4.50%$500$250kBusiness 18 Month CD
4.50%$500$250kBusiness 24 Month CD
4.00%$500$250k30 Month CD
4.00%$500$250k36 Month CD
4.00%$500$250k48 Month CD
4.00%$500$250k60 Month CD
4.00%$500$250kBusiness 30 Month CD
4.00%$500$250kBusiness 36 Month CD
4.00%$500$250kBusiness 48 Month CD
4.00%$500$250kBusiness 60 Month CD

Northern Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500$250k6 Month IRA
5.00%$500$250k9 Month IRA
4.75%$500$250k12 Month IRA
4.50%$500$250k18 Month IRA
4.50%$500$250k24 Month IRA
4.50%$500$250k15 Month IRA
4.00%$500$250k30 Month IRA
4.00%$500$250k36 Month IRA
4.00%$500$250k48 Month IRA
4.00%$500$250k60 Month IRA
Locations

Availability

Boston Area

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