I just checked Northern to see the rate which is 1% currently and noticed this in my inbox:
Dear Valued Customer,
At Northern Bank, we are committed to providing our customers with the highest level of service. I am writing to inform you of an update regarding external account transfers.
- Effective July 26th, three external accounts will be the maximum number of external accounts that can be set up.
- If you currently have more than three external accounts set up, they will remain enabled, but you will not be able to add additional external accounts.
If you have any questions, please call our Contact Center at 1-800-273-6908, Monday-Friday, 8:00 AM - 6:00 PM or Saturday 8:30 AM - 12:30 PM Eastern Time (ET).
Loren C. Swindell
Vice President, Head of Operations
Probably not the best timing to limit account access during this covid-19 crisis IMO but 3 external accounts is the norm in the banking industry. No limit to external account linking is one of the reasons I kept this account open after the rate drop.
On a side note I thought it was ironic for a bank VP to have a last name of Swindell! lol Kind of reminds me of the 3 stooges law firm of Dewey, Cheatem & Howe. No offence intended Loren just having some fun in these trying times Northern has been a good bank! :)