New Top 3-Year CD Rate at Northern Bank & Trust Company

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APYMINMAXINSTITUTIONPRODUCTDETAILS
1.85%$500-Northern Bank & Trust Company60 Month CD
1.40%$500-Northern Bank & Trust Company36 Month CD
Accounts mentioned in this post. Rates as of July 30, 2016.

Northern Bank & Trust Company made a big change to its CD rates yesterday. I reported on this bank last month when it was offering a 1.15% APY 18-month CD. That rate has fallen to 0.75%, but its 3-year CD rate went way up to a very competitive level. The new 3-year CD yield is 1.50%. The 5-year CD rate also went up, but it’s not quite as competitive. The new 5-year CD yield is 1.75%. These rates are listed at the bank’s deposit rates page as of 7/9/2013.

The CD can be opened online, and according to the bank’s online account FAQs, U.S. residents are eligible to apply. Links to and information on the online application are available at this bank page.

The CDs can also be opened at one of the banks eleven branches. Northern Bank & Trust Company branches are located in Massachusetts north of Boston.

The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas ratio of 20.18% (average) based on March 2013 data. Please refer to our financial overview of Northern Bank & Trust Company for more details. The bank has been a FDIC member since 1960 (FDIC Certificate # 18266).

How These CD Rates Compare

For a 3-year CD that’s nationally available, there are only two CDs with higher rates. One is at Connexus Credit Union with a 1.75% APY, but this requires an active checking account with direct deposit. State Bank of India - Chicago has a 1.51% APY 3-year CD, but this requires a $95K minimum deposit, and it can only be opened by mail or at its Chicago branch. There’s also one internet bank with a 1.50% APY 3-year CD. That’s at Salem Five Direct.

Now that Northern Bank & Trust’s 18-month CD rate has fallen, the best 18-month CD deal is at Doral Bank Direct. It has a 1.02% APY, and it allows a one-time penalty-free withdrawal which is a nice feature in today’s environment with the possibility of fast rate hikes.

These rates are accurate as of 7/9/2013.

Searching for the Best CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.

Comments
primary
primary   |     |   Comment #1
Just be sure to read the deposit agreement:
"There will be a $3.00 fee on all external transfers."
"There is a maximum dollar limit of $99,999.99 for each internal transfer and $25,000 for each external transfer."
Anonymous
Anonymous   |     |   Comment #2
I called Northern Bank & Trust Company this morning and they will not allow anyone from California to opening either a 36 or 60 month CD.  They say it's only available to customers from their state.
Top 18-Month CD Rate at Northern Bank & Trust Company - Online Application

Northern Bank & Trust Company is offering an 18-month CD and IRA CD with a 1.15% APY. Minimum deposit is $500, and the maximum is $500,000. This can be opened online and is available for personal and business accounts. This special CD is listed in this bank’s promotion page as of 6/17/2013.

The CD can be opened online, and according to the bank’s online account FAQs, U.S. residents are eligible to apply. Links to and information on the online application are available at this bank page.

The CDs can also be opened...

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17-Month CD Special at Northern Bank & Trust Company - Online Application

Northern Bank & Trust Company is having two deposit specials. The first is a 17-month CD with a 1.25% APY. Minimum deposit is $500, and the maximum is $500,000. This can be opened online and is available for personal and business accounts. The second special is just for business accounts. It's a business savings account with a 1.00% APY guaranteed for up to $250,000 until 6/30/2013. These specials and rates are listed in the bank's deposit specials page as of 1/11/2013. I was told by a bank CSR that these...

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Competitive 18-Month CD Special at Northern Bank & Trust Company in MA - Local Only

Northern Bank & Trust Company is advertising a 2.00% APY 18-month CD special. Minimum deposit is $500. This special doesn't seem to be listed at the bank's website. It was advertised in the 1/21/10 edition of the Wicked Local News. The ad is available online here.

It appears a branch visit is required to open an account. Branches are located in the Boston suburbs of Acton, Billerica, Burlington, Chelmsford, Littleton, Melrose, Woburn and Westford.

The bank's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial and 3...



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