Featured Savings Rates
Featured Accounts

Northern Bank Direct

Popular Accounts at this Bank

1.80%2-year CD24-month CD
1.26%Money MarketMoney Market Account
2.20%5-year CD60-month CD

Overview / Commentary
275 Mishawum Road
Woburn, MA 01801

Headquartered in Woburn, MA, Northern Bank Direct is an online division of Northern Bank, which was founded in 1960. This internet-only bank offers certificates of deposit (CDs) and money market accounts to its banking customers. The bank’s CDs yield higher interest rates for longer terms (terms range from 12 to 60 months). Money market accounts offer access to funds through ATM, electronic transfer, wire, and limited check writing.

Northern Bank Direct offers its customers convenient and secure access to online and mobile banking. Although accounts must be opened online, transactions can be made at any Northern Bank branch location. At the time of this writing, deposits made with Northern Bank Direct are insured by the FDIC (up to applicable limits) through Northern Bank.

Related Posts

Northern Bank Direct Ups Money Market Account Rate - 7/31/2017

Northern Bank Direct (internet bank) has raised the rate on its Money Market Account (1.26% APY, up to $250k). Balances between $250k and $1 million earn 0.75% APY.

Northern Bank Direct Debuts Competitive Money Market and CD Rates - 4/7/2017

Northern Bank has launched a new online division called Northern Bank Direct. The new internet bank is offering a competitive money market and a few very competitive CDs.


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

FDIC Certificate #18266
Year Established1960
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.44%
Return on Equity - YTD14.13%
Annual Interest Income$43.3MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.94B$1.52B
LoansQ2 2017vs Q2 2016$1.69B$1.32B
DepositsQ2 2017vs Q2 2016$1.56B$1.25B
Equity CapitalQ2 2017vs Q2 2016$192.6MM$159.2MM
Loan Loss AllowanceQ2 2017vs Q2 2016$22.2MM$20.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$24.9MM$3.5MM
Real Estate OwnedQ2 2017vs Q2 2016$603.00K$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Northern Bank Direct; 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.

Northern Bank Direct Money Market Rates

1.26%*-$250kMoney Market Account
OTHER TIERS: 0.01% $1mm+ | 0.75% $250k - $1mm

Northern Bank Direct CD Rates

2.20%$500-60-month CD
2.15%$500-48-month CD
1.85%$500-36-month CD
1.80%$500-24-month CD
1.15%$500-12-month CD

Northern Bank Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 275 Mishawum Road - Woburn, MA 01801