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 - YTD0.86%
Return on Equity - YTD6.24%
Annual Interest Income$17.9MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$571.6MM$520.9MM
LoansQ3 2019vs Q3 2018$476.3MM$424.5MM
DepositsQ3 2019vs Q3 2018$462.8MM$420.8MM
Equity CapitalQ3 2019vs Q3 2018$77.2MM$72.9MM
Loan Loss AllowanceQ3 2019vs Q3 2018$3.7MM$3.3MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$278.00K$0
Real Estate OwnedQ3 2019vs Q3 2018$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

2.02%$1k-24-35 Month Regular CD
2.02%$1k- 24-35 Month Non-Personal Regular CD
2.02%$1k-17 Month CD Special
1.95%$2.5k-7 Month CD Special
1.95%$2.5k-7 Month iCertificate
1.85%$1k-36-47 Month Regular CD
1.85%$1k-48-59 Month Regular CD
1.85%$1k-60-72 Month Regular CD
1.85%$1k-36-47 Month Non-Personal Regular CD
1.85%$1k-48-59 Month Non-Personal Regular CD
1.85%$1k-60-72 Month Non-Personal Regular CD
1.80%$2.5k-11 Month CD Special
1.80%$2.5k-11 Month iCertificate
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

2.02%$1k-24-35 Month Regular IRA
1.85%$1k-36-47 Month Regular IRA
1.85%$1k-48-59 Month Regular IRA
1.85%$1k-60-72 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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