Northfield Savings Bank

Overview / Commentary
33 South Main Street
Northfield, VT 05663

Northfield Savings Bank is headquartered in NORTHFIELD and is the largest bank in the state of Vermont. It is also the 733rd largest bank in the nation. It was established in 1867 and as of March of 2024, it had grown to 180 employees at 14 locations. Northfield Savings Bank's money market rates are 5X the national average, and it has an A health rating.

Reviews (3)

Great Bank

I think Northfield Savings Bank is "the" bank in Vermont. The decision making is done in Vermont and you don't need to wait weeks for an answer. Their rates are VERY competitive with out of state banks. They donate a great deal to charities as well.

Dirty Fees

Posted by: |

I have been a customer of NSB for almost 40 years now. I have a savings account, which I called my rainy day money. I luckily never had used it and didn’t pay attention to it because they don’t give you anything for interest. I suppose it’s my fault for not opening the statements but one day I did open one and realized they have been charging me an inactivity fee each month. So let me get this straight, you use my money for your business don’t pay hardly anything for interest and because I didn’t check a balance, withdraw any money, or add any money you are going to steal my money after you have already been using it. It’s not like you don’t know if I’m alive or dead. I use my checking account there all the time. I think you need to rethink your policy, because right now I would only recommend your bank to other people When pigs fly.

Nice Folks, But Not So On Top Of, Well, Anything

Posted by: |

The people at NSB are super nice, cordial, and downright friendly. Great aspects of customer service, however, I'm quite disappointed in the follow through and service I've received in the past 20 months of being a customer. My accounts were completely backwards when I opened them (I received checks with both of our names on the individual account I opened for myself, and no debit cards to either, although my husband received one, but we didn't request one for him). When the automatic roll over protection was offered, everything got screwed up again, and it took a minimum of 5 calls on two separate accounts to correct the issue. Again, everyone has been very nice and accommodating, but it feels like there is zero follow through on just about any request. Last week I visited my local branch on my lunch break to inquire about opening a savings account for some gift funds we received toward the purchase of a new home. I was in a hurry, and advised that they would set up the account for me "because we have everything we need on file - you just need to come in and sign and make your deposit - we'll call you when it's all set up." I'm betting when I walk through the door tomorrow to complain, no one will have a clue what I'm talking about.

Probably going to be changing institutions at that point.


Health Grade Components

FDIC Certificate #14140
Year Established1867
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD3.17%
Annual Interest Income$14.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.5B$1.41B
LoansQ1 2024vs Q1 2023$1.05B$985.2MM
DepositsQ1 2024vs Q1 2023$1.22B$1.13B
Equity CapitalQ1 2024vs Q1 2023$125.8MM$121.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$8.9MM$8.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$4.5MM$2.4MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not Northfield Savings 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.

Northfield Savings Bank Savings Account Rates

0.60%*$50k*-Business Savings
OTHER TIERS: 0.25% $500 - $10k | 0.35% $10k - $25k | 0.45% $25k - $50k
0.35%$0-Health Savings Account
0.25%$0-Regular Savings
0.25%$0-Club Savings
0.25%$0-Youth Savings

Northfield Savings Bank Money Market Rates

3.15%*$2.5m*-Business Money Market Plus
OTHER TIERS: 0.50% $0 - $75k | 1.25% $75k - $250k | 2.00% $250k - $1000k | 2.75% $1m - $2.5m
2.00%*$250k*-Business Money Market
OTHER TIERS: 0.45% $0 - $25k | 0.60% $25k - $50k | 0.75% $50k - $75k | 1.01% $75k - $150k | 1.50% $150k - $250k
2.00%*$250k*-Money Market Checking
OTHER TIERS: 0.45% $0 - $25k | 0.60% $25k - $50k | 0.75% $50k - $75k | 1.01% $75k - $150k | 1.50% $150k - $250k
0.60%*$50k*-Money Market Savings
OTHER TIERS: 0.25% $500 - $10k | 0.35% $10k - $25k | 0.45% $25k - $50k

Northfield Savings Bank Checking Account Rates

1.25%$0-IORTA Checking
1.25%$0-IOLTA Checking
0.50%*$150k*-Enterprise Checking with Interest
OTHER TIERS: 0.15% $0 - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k | 0.40% $100k - $150k
0.35%*$100k*-NSB Preferred Checking
OTHER TIERS: 0.15% $1.5k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k

Northfield Savings Bank CD Rates

4.50%$1k-6 Month CD
2.25%$1k-12 Month Flex CD
2.00%$1k-60 Month CD
1.85%$1k-48 Month CD
1.70%$1k-36 Month CD
1.60%$1k-24 Month CD
1.50%$1k-12 Month Rollover CD
1.50%$1k-12 Month CD

Northfield Savings Bank IRA Rates

4.50%$0-6 Month IRA
2.00%$0-60 Month IRA
1.85%$0-48 Month IRA
1.70%$0-36 Month IRA
1.60%$0-24 Month IRA
1.50%$0-12 Month IRA
1.50%$0-12 Month Rollover IRA


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