2. Northern Bank

Northern Bank


Overview / Commentary
www.nbtc.com
800-273-6908
275 Mishawum Road
Woburn, MA 01801

Northern Bank is headquartered in Woburn and is the 21st largest bank in the state of Massachusetts. It is also the 403rd largest bank in the nation. It was established in 1960 and as of June of 2019, it had grown to 209 employees at 14 locations. Northern Bank's CD rates are 44% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #18266
Year Established1960
Employees209
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.68%
Return on Equity - YTD15.64%
Annual Interest Income$59.8MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$2.15B$2.11B
LoansQ2 2019vs Q2 2018$1.89B$1.85B
DepositsQ2 2019vs Q2 2018$1.83B$1.78B
Equity CapitalQ2 2019vs Q2 2018$245.3MM$210.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$25.6MM$28.7MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$11.1MM$27.1MM
Real Estate OwnedQ2 2019vs Q2 2018$192.00K$603.00K
Rates
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* 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
0.50%$25-Health Savings
0.35%*$100k*-Northern Business Investment Savings
OTHER TIERS: 0.15% → Up to $5k | 0.20% → $5k - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k
0.15%--Non-profit Statement Savings
0.15%$25-Northern True Savings

Northern Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$250k*-Money Market Investment
OTHER TIERS: 0.15% → Up to $2.5k | 0.20% → $2.5k - $50k | 0.35% → $50k - $250k
0.50%*$250k*-Northern Business Money Market
OTHER TIERS: 0.15% → Up to $2.5k | 0.20% → $2.5k - $50k | 0.35% → $50k - $250k

Northern Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-Northern Premium Checking
OTHER TIERS: 0.05% → $2.5k - $5k | 0.25% → $5k - $10k
0.05%--Northern Plus Checking
0.05%--Non-profit Interest Checking

Northern Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-60 Month CD
1.75%$500-15 Month CD
1.60%$500-48 Month CD
1.55%$500-36 Month CD
1.50%$500-30 Month CD
1.45%$500-24 Month CD
1.35%$500-18 Month CD
1.30%$500-12 Month CD
1.15%$500-6 Month CD

Northern Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-60 Month IRA
1.75%$500-15 Month IRA
1.60%$500-48 Month IRA
1.55%$500-36 Month IRA
1.50%$500-30 Month IRA
1.45%$500-24 Month IRA
1.35%$500-18 Month IRA
1.30%$500-12 Month IRA
1.15%$500-6 Month IRA
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.