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Overview / Commentary
800-273-6908
275 Mishawum Road
Woburn, MA 01801

Northern Bank is headquartered in Woburn and is the 23rd largest bank in the state of Massachusetts. It is also the 422nd largest bank in the nation. It was established in 1960 and as of June of 2017, it had grown to 174 employees at 13 locations. Northern Bank's money market rates are 14% higher than the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #18266
Year Established1960
Employees174
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.44%
Return on Equity - YTD14.13%
Annual Interest Income$43.3MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.94B$1.52B
LoansQ2 2017vs Q2 2016$1.69B$1.32B
DepositsQ2 2017vs Q2 2016$1.56B$1.25B
Equity CapitalQ2 2017vs Q2 2016$192.6MM$159.2MM
Loan Loss AllowanceQ2 2017vs Q2 2016$22.2MM$20.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$24.9MM$3.5MM
Real Estate OwnedQ2 2017vs Q2 2016$603.00K$0
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
0.35%*$100k*-Northern Light Savings
OTHER TIERS: 0.15% Up to $5k | 0.20% $5k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
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%--Statement Savings
0.15%--Passbook Savings
0.15%--Non-profit Statement Savings
0.05%$25-Health Savings

Northern Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$250k*-Money Market Investment
OTHER TIERS: 0.15% Up to $2,500 | 0.20% $2,500 - $50k | 0.35% $50k - $250k
0.50%*$250k*-Northern Business Money Market
OTHER TIERS: 0.15% Up to $2,500 | 0.20% $2,500 - $50k | 0.35% $50k - $250k

Northern Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-Northern Premium Checking
OTHER TIERS: 0.05% $2,500 - $5k | 0.25% $5k - $10k
0.05%--Northern Plus Checking
0.05%--Non-profit Interest Checking

Northern Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Month CD
1.80%$500-24 Month CD
1.80%$500-48 Month CD
1.60%$500-36 Month CD
1.40%$500-18 Month CD
1.30%$500-30 Month CD
1.00%$500-12 Month CD
0.30%$500-6 Month CD

Northern Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Month IRA
1.80%$500-24 Month IRA
1.80%$500-48 Month IRA
1.60%$500-36 Month IRA
1.40%$500-18 Month IRA
1.30%$500-30 Month IRA
1.00%$500-12 Month IRA
0.30%$500-6 Month IRA
Locations

Availability