Northern Bank

Overview / Commentary
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 404th largest bank in the nation. It was established in 1960 and as of December of 2021, it had grown to 224 employees at 15 locations. Northern Bank has an A health rating.


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Health Grade Components

FDIC Certificate #18266
Year Established1960
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.19%
Return on Equity - YTD17.29%
Annual Interest Income$129.6MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$2.87B$2.58B
LoansQ4 2021vs Q4 2020$2.26B$2.16B
DepositsQ4 2021vs Q4 2020$2.47B$2.24B
Equity CapitalQ4 2021vs Q4 2020$364.1MM$306.4MM
Loan Loss AllowanceQ4 2021vs Q4 2020$40.3MM$37.7MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$32.1MM$14.0MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
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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

0.35%--Northern Premium Savings - New Money
0.10%*$5k*-Northern Business Investment Savings
OTHER TIERS: 0.05% Up to $5k
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

0.10%*$2.5k*-Money Market Investment
OTHER TIERS: 0.05% Up to $2.5k
0.10%*$2.5k*-Northern Business Money Market
OTHER TIERS: 0.05% Up to $2.5k
0.10%*$2.5k*-Municipal Money Market
OTHER TIERS: 0.05% Up to $2.5k

Northern Bank Checking Account Rates

0.75%--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

0.40%$500-18 Month CD
0.40%$500-24 Month CD
0.40%$500-30 Month CD
0.40%$500-36 Month CD
0.40%$500-48 Month CD
0.40%$500-60 Month CD
0.40%$500-Business 18 Month CD
0.40%$500-Business 24 Month CD
0.40%$500-Business 30 Month CD
0.40%$500-Business 36 Month CD
0.40%$500-Business 48 Month CD
0.40%$500-Business 60 Month CD
0.35%$500-15 Month CD
0.35%$500-Business 15 Month CD
0.30%$500-6 Month CD
0.30%$500-12 Month CD
0.30%$500-Business 6 Month CD
0.30%$500-Business 12 Month CD
0.30%$500-9 Month CD
0.30%$500-Business 9 Month CD

Northern Bank IRA Rates

0.40%$500-18 Month IRA
0.40%$500-24 Month IRA
0.40%$500-30 Month IRA
0.40%$500-36 Month IRA
0.40%$500-48 Month IRA
0.40%$500-60 Month IRA
0.35%$500-15 Month IRA
0.30%$500-6 Month IRA
0.30%$500-12 Month IRA
0.30%$500-9 Month IRA


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