Overview / Commentary
11 Central Street
Norwood, MA 02062

Norwood Bank is headquartered in Norwood and is the 73rd largest bank in the state of Massachusetts. It is also the 1,369th largest bank in the nation. It was established in 1889 and as of September of 2018, it had grown to 54 employees at 1 location. Norwood Bank's money market rates are 4X the national average, and it boasts an A+ health rating.

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Health Grade Components

FDIC Certificate #26555
Year Established1889
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD8.58%
Annual Interest Income$14.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$520.9MM$482.7MM
LoansQ3 2018vs Q3 2017$424.5MM$389.9MM
DepositsQ3 2018vs Q3 2017$420.8MM$398.0MM
Equity CapitalQ3 2018vs Q3 2017$72.9MM$69.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$3.3MM$3.1MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$0$27.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not Norwood 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.

Norwood Bank Savings Account Rates

0.15%--Personal Statement Savings Account
0.15%--Savings Passbook Account
0.15%--Non-Personal Statement Savings Account

Norwood Bank Money Market Rates

1.85%*$100k*-High Yield Personal Account Money Market Account
OTHER TIERS: 0.25% Up to $10k | 1.50% $10k - $100k
1.85%*$100k*-Business High Yield Money Market Account
OTHER TIERS: 0.25% Up to $10k | 1.50% $10k - $100k
1.85%*$100k*-iYield Money Market - New Money
OTHER TIERS: 0.25% Up to $10k | 1.50% $10k - $100k

Norwood Bank Checking Account Rates

0.10%*$100k*-Advantage Checking
OTHER TIERS: 0.05% Up to $100k
0.10%*$100k*-Non-Personal Advantage Checking
OTHER TIERS: 0.05% Up to $100k

Norwood Bank CD Rates

2.60%$1k-22 Month iCertificate
2.60%$1k-22 Month Step-Up CD
2.30%$1k-17 Month iCertificate
2.30%$1k-17 Month Regular CD
2.30%$1k-17 Month Non-Personal Regular CD
2.28%$1k-36-47 Month Regular CD
2.28%$1k-48-59 Month Regular CD
2.28%$1k-60-72 Month Regular CD
2.28%$1k-36-47 Month Non-Personal Regular CD
2.28%$1k-48-59 Month Non-Personal Regular CD
2.28%$1k-60-72 Month Non-Personal Regular CD
2.05%$2.5k-11 Month Non-Personal Regular CD
2.05%$2.5k-11 Month Regular CD
2.02%$1k-24-35 Month Regular CD
2.02%$1k- 24-35 Month Non-Personal Regular CD
1.77%$1k-16 Month Regular CD
1.77%$1k-16 Month Non-Personal Regular CD
1.36%$1k-12-23 Month Regular CD
1.36%$1k-12-23 Month Non-Personal Regular CD
0.35%$2.5k-6 Month Regular CD
0.35%$2.5k- 6 Month Non-Personal Regular CD
0.20%$2.5k-3 Month Regular CD
0.20%$2.5k-3 Month Non-Personal Regular CD

Norwood Bank IRA Rates

2.60%$1k-22 Month Step-Up IRA
2.30%$1k-17 Month Regular IRA
2.28%$1k-36-47 Month Regular IRA
2.28%$1k-48-59 Month Regular IRA
2.28%$1k-60-72 Month Regular IRA
2.05%$2.5k-11 Month Regular IRA
2.02%$1k-24-35 Month Regular IRA
1.77%$1k-16 Month Regular IRA
1.36%$1k-12-23 Month Regular IRA
0.35%$2.5k-6 Month Regular IRA
0.20%$2.5k-3 Regular IRA

Norwood Bank Locations
Norwood Co-Operative Bank11 Central StreetNorwood, MA 02062

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