Norwood Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.28%	5-year CD	3.10% - American Express National Bank 60 Month CD
2.28%	5-year IRA	2.23% - National Average
1.36%	1-year CD	1.30% - National Average

View all Norwood Bank rates »

Overview / Commentary

www.norwoodbank.com

781-762-1800

11 Central Street
Norwood, MA 02062

Norwood Bank is headquartered in Norwood and is the 73^rd largest bank in the state of Massachusetts. It is also the 1,369^th 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.

View all posts from:

2016
2015

11/5 - Norwood Bank (MA) Raises 16-Month CD Special Rate
3/4 - Norwood Bank (MA) Raises Rate On 16-Month CD Special

6/15 - Norwood Bank (MA) Introduces Competitive 16-month CD Special

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Health

A+

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	26555
Year Established	1889
Employees	54
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.22%
Return on Equity - YTD	8.58%
Annual Interest Income	$14.8MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$520.9MM$482.7MM
Loans	Q3 2018vs Q3 2017	$424.5MM$389.9MM
Deposits	Q3 2018vs Q3 2017	$420.8MM$398.0MM
Equity Capital	Q3 2018vs Q3 2017	$72.9MM$69.2MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$3.3MM$3.1MM
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$0$27.00K
Real Estate Owned	Q3 2018vs Q3 2017	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Norwood Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	-	-	Personal Statement Savings Account
0.15%	-	-	Savings Passbook Account
0.15%	-	-	Non-Personal Statement Savings Account

Norwood Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Norwood Bank Locations
Norwood Co-Operative Bank	11 Central Street	Norwood, MA 02062

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