Norwood Bank

Overview / Commentary
11 Central Street
Norwood, MA 02062

From the Bank

Since its founding in 1889, Norwood Bank has been a pioneer in providing innovative banking services. We take pride in offering people and businesses the services they needed to fulfill their dreams of buying a home, creating financial stability and planning for the future. Over the years, Norwood Bank created new checking, savings, retirement, mortgage and investment products to help people and businesses meet their financial goals.

As banking technology grew more sophisticated, the Bank introduced the concept of Boundless Banking. Powered by a national network of fee-free ATMs and the latest in mobile and online banking, Boundless is an illustration of the Bank’s commitment to giving their customers the freedom to bank however, and wherever, they choose.

Big-bank products and services combined with community-bank personal service—that’s the Norwood Bank difference.


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Health Grade Components

FDIC Certificate #26555
Year Established1889
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD8.65%
Annual Interest Income$11.5MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$683.7MM$628.5MM
LoansQ2 2021vs Q2 2020$504.2MM$500.9MM
DepositsQ2 2021vs Q2 2020$567.8MM$512.1MM
Equity CapitalQ2 2021vs Q2 2020$90.0MM$80.2MM
Loan Loss AllowanceQ2 2021vs Q2 2020$5.4MM$4.4MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$2.3MM$1.5MM
Real Estate OwnedQ2 2021vs Q2 2020$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

0.10%--Personal Statement Savings Account
0.10%--Non-Personal Statement Savings Account
0.10%--iBoundless Savings Account

Norwood Bank Money Market Rates

0.40%*-$10kHigh Yield Money Market Account - New Money
OTHER TIERS: 0.15% $50k+ | 0.25% $10k - $50k
0.40%*$100k*-Business High Yield Money Market Account
OTHER TIERS: 0.15% Up to $25k | 0.25% $25k - $100k
0.40%*-$10kiYield Money Market - New Money
OTHER TIERS: 0.15% $50k+ | 0.25% $10k - $50k

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

0.65%$1k-60 Month Regular CD
0.65%$1k-60 Month Non-Personal CD
0.55%$1k-24 Month Regular CD
0.55%$1k- 24 Month Non-Personal CD
0.50%$1k-36 Month Regular CD
0.50%$1k-48 Month Regular CD
0.50%$1k-36 Month Non-Personal CD
0.50%$1k-48 Month Non-Personal CD
0.50%$1k-17 Month iCertificate
0.40%$1k-12 Month Regular CD
0.40%$1k-12 Month Non-Personal CD
0.30%$2.5k-6 Month Regular CD
0.30%$2.5k- 6 Month Non-Personal CD
0.20%$2.5k-3 Month Regular CD
0.20%$2.5k-3 Month Non-Personal CD

Norwood Bank IRA Rates

0.65%$1k-60 Month Regular IRA
0.55%$1k-24 Month Regular IRA
0.50%$1k-36 Month Regular IRA
0.50%$1k-48 Month Regular IRA
0.40%$1k-12 Month Regular IRA
0.30%$2.5k-6 Month Regular IRA
0.20%$2.5k-3 Month Regular IRA

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

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