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Northway Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.25%Reward CheckingTrueNorth Relationship Checking Account
0.95%5-year CD61-72 Month CD
0.20%1-year CD12-17 Month CD

Overview / Commentary
603-752-1171
9 Main Street
Berlin, NH 03570

Northway Bank is headquartered in Berlin and is the 4th largest bank in the state of New Hampshire. It is also the 847th largest bank in the nation. It was established in 1934 and as of December of 2016, it had grown to 190 employees at 17 locations. Northway Bank has an A health rating.

Reviews (5)

Looking for a small bank in NH?

Would you like to experience a small community bank in NH? I have been in this bank several times because the farmers' market I run has an account there. One time I had to wait in line, I was the second person. Other than that, there is never a line. It is very quiet there and rarely a customer either in the teller line or with any other banking official.

I have to wonder how the bank succeeds with so little customers. Are they choosing the big box banks instead? For all those people in a hurry they should come to this bank - no lines no waiting! I have no complaints everyone is very friendly when I go in there. The branch I attend was in a city location.

Untrustworthy!

I highly suggest another bank. I have a business account with them. I have deposited multiple checks from the same client and all her checks came from the same account , same bank. Never had an issue with any check not clearing. The last 5 checks I've deposited 2 of them they put a hold on they first said 3 days but then it became 5. They said because it was an out of state check. Well what about the other 3 they to where from out of state because they were from the same account. Not only were the checks held for more days than they said, they also took what money was there to cover that check I just deposited that they put a hold on. A little confused . Why would they take what money I had in my account to cover a check that I have no access to because of the hold. So now not only can't I access the funds from the check I can't even have the money I did have before I put the check in. Because what they did take from my account was less than the amount of the check that was placed on hold my account is now negative the difference. Still confused. Why are they taking my money to cover a check that they are holding until it clears from my clients bank account . When you know you have money in your account and you try and purchase something and your card gets declined. You know how embarrassing that is. If not go get an account with northwaybank then you will. Not only embarrassing but being a business account try explaining to your customers why you can't purchase materials to come do the work they hired you for. I would highly recommend if you want a successful business go to another bank.

BEWARE: Interest Dividends Not Posting To Accounts

Posted by: buttslick | Mar 23, 2015

I have been a customer at Northway Bank for over 3 years and I would like to alert customers to monitor their accounts as Northway Bank does not always post dividend interest to customer accounts
I would have not realized my dividend interest did not post automatically until I logged into my account online. This is the 2nd time it has happened to me and after alerting the bank of the situation they did post the interest to the account but would not have posted it if I had not called them. This is the 2nd time this has happened to me and after calling them several times they still cant give me a straight answer. This is FRAUD folks so just beware if you have a deposit account with Northway Bank monitor it and make sure that dividends are posted correctly. That said I will be closing my account with them as this will not happen a 3rd time.

Choose Any Other Bank Than Northway

After having been a customer for over 15 years, and putting up with various problems during that time, I will be closing my business account with Northway Bank as soon as possible. While many of their tellers and managers are personable and try their best, the bank does not make any effort to train them on bank procedures beyond the basics. More than once, upper management has been unreachable or not returned calls on clarification to these branch managers on the same business day. Along with lack of customer service, I question the ethics of their policies. You have choices - bank elsewhere before you lose your money here.

not the best

after many problems with this bank, i have concluded that there are many other banking facilities who are a lot better, and it is a good idea for new members to really weight the options and make the best decisions.  northway has good aspects, but many bad ones as well. if you are a fast-paced person who wants their money now - don't count on this bank.  overall, i am not too pleased but that has been my own personal experience. 



Health

Health Grade Components

Overall
FDIC Certificate #14240
Year Established1934
Employees190
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD4.48%
Annual Interest Income$30.6MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$885.0MM$928.0MM
LoansQ4 2016vs Q4 2015$545.9MM$547.5MM
DepositsQ4 2016vs Q4 2015$740.5MM$758.6MM
Equity CapitalQ4 2016vs Q4 2015$91.5MM$87.5MM
Loan Loss AllowanceQ4 2016vs Q4 2015$7.9MM$8.6MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$3.0MM$6.0MM
Real Estate OwnedQ4 2016vs Q4 2015$118.00K$463.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northway Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$100-Statement Savings

Northway Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$150k*-TrueNorth Relationship Money Market Account
OTHER TIERS: 0.06% $1k - $5k | 0.15% $5k - $50k | 0.20% $50k - $150k
0.20%*$150k*-Money Market Account
OTHER TIERS: 0.01% $1k - $5k | 0.10% $5k - $50k | 0.15% $50k - $150k

Northway Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$5k*-TrueNorth Relationship Checking Account
OTHER TIERS: 0.05% Up to $5k
0.02%$1k-True Rewards Checking Account
0.01%$1,500-Business NOW

Northway Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$2,500-Relationship 61-72 Month CD
0.95%$2,500-61-72 Month CD
0.80%$2,500-Relationship 49-60 Month CD
0.75%$2,500-49-60 Month CD
0.50%$2,500-Relationship 37-48 Month CD
0.45%$2,500-37-48 Month CD
0.40%$2,500-Relationship 24-36 Month CD
0.35%$2,500-24-36 Month CD
0.30%$2,500-Relationship 18-23 Month CD
0.25%$2,500- Relationship 12-17 Month CD
0.25%$2,500-18-23 Month CD
0.20%$2,500-12-17 Month CD
0.10%$2,500-Relationship 6 Month CD
0.05%$2,500-6 Month CD

Northway Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-Relationship 61-72 Month IRA
0.95%$1k-61-72 Month IRA
0.80%$1k-Relationship 49-60 Month IRA
0.75%$1k-49-60 Month IRA
0.50%$1k-Relationship 37-48 Month IRA
0.45%$1k-37-48 Month IRA
0.40%$2,500-Relationship 24-36 Month IRA
0.35%$2,500-24-36 Month IRA
0.30%$2,500-Relationship 18-23 Month IRA
0.25%$2,500-Relationship 12-17 Month IRA
0.25%$2,500-18-23 Month IRA
0.20%$2,500-12-17 Month IRA
0.10%$1k-Relationship 6 Month IRA
0.05%$1k-6 Month IRA
Locations

Northway Bank has 17 locations. Click to view all Northway Bank locations.