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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 22nd largest bank in the state of Massachusetts. It is also the 421st largest bank in the nation. It was established in 1960 and as of March of 2021, it had grown to 211 employees at 14 locations. Northern Bank has an A+ health rating.

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Health
A+

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18266
Year Established1960
Employees211
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.45%
Return on Equity - YTD20.21%
Annual Interest Income$32.4MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$2.59B$2.29B
LoansQ1 2021vs Q1 2020$2.26B$1.97B
DepositsQ1 2021vs Q1 2020$2.16B$1.85B
Equity CapitalQ1 2021vs Q1 2020$320.9MM$273.5MM
Loan Loss AllowanceQ1 2021vs Q1 2020$37.8MM$27.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$14.4MM$4.1MM
Real Estate OwnedQ1 2021vs Q1 2020$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
0.10%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$500-48 Month CD
0.55%$500-60 Month CD
0.55%$500-Business 48 Month CD
0.55%$500-Business 60 Month CD
0.50%$500-36 Month CD
0.50%$500-Business 36 Month CD
0.45%$500-24 Month CD
0.45%$500-30 Month CD
0.45%$500-Business 24 Month CD
0.45%$500-Business 30 Month CD
0.40%$500-18 Month CD
0.40%$500-Business 18 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$500-48 Month IRA
0.55%$500-60 Month IRA
0.50%$500-36 Month IRA
0.45%$500-24 Month IRA
0.45%$500-30 Month IRA
0.40%$500-18 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
Locations

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