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Business Account Rates

Competitive rates to
keep you and your
business growing.

Effective Date: October 7, 2024

Northern Business Promotional Savings 1

Limited time offer.
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Interest Rate
Annual Percentage Yield (APY 2)
Minimum Balance to Open
Minimum Balance to Waive Monthly Service Charge
Monthly Service Charge
3.83% 3.90% $25.00 $500.00 $10.00

Northern Business Investment Savings Account 1

Earn additional interest on your excess balances.
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Interest Rate
Annual Percentage Yield (APY 2)
Minimum Balance to Open
Minimum Daily Balance to Waive Monthly Service Charge
Monthly Service Charge
$.01 -
$4,999.99
.05% .05% $25.00 $5,000.00 $15.00
$5,000.00 - 
$24,999.99
.05% .05%
$25,000.00 -
$49,999.99
.10% .10%
$50,000.00 -
$99,999.99
.10% .10%
$100,000.00 -
and above
.10% .10%

Northern Business Money Market Account 1

Earn interest and have easy access to your money.
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Interest Rate
Annual Percentage Yield (APY 2)
Minimum Balance to Open
Minimum Daily Balance to Waive Monthly Service Charge
Monthly Service Charge
$.01 -
$2,499.99
.05% .05% $25.00 $1,000.00 $10.00
$2,500.00 -
$49,999.99
.10% .10%
$50,000.00 -
$249,999.99
.10% .10%
$250,000.00
and above
.10% .10%

Northern Business Money Market Premier Account 1 3

Earn higher interest and have easy access to your money.
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Interest Rate
Annual Percentage Yield (APY 2)
Minimum Balance to Open
Minimum Balance to Waive Monthly Service Charge
Monthly Service Charge
$.01 -
$49,999.99
.10% .10% $50,000.00 $50,000.00 $25.00
$50,000.00 - 
$99,999.99
2.96% 3.00%
$100,000.00 -
$249,999.99
2.96% 3.00%
$250,000.00 -
and above
2.96% 3.00%

Certificates of Deposits & IRAs*

Looking for security and a better return on your balances?
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Interest Rate
Annual Percentage Yield (APY 2)
Minimum Balance to Open & Earn APY
Open a CD
6 months 4.65% 4.75% $500.00 Open a 6-month CD
9 months 3.93% 4.00% $500.00 Open a 9-month CD
12 months 3.93% 4.00% $500.00 Open a 12-month CD
15 months 3.93% 4.00% $500.00 Open a 15-month CD
18 months 3.93% 4.00% $500.00 Open a 18-month CD
24 months 3.44% 3.50% $500.00 Open a 24-month CD
30 months 3.44% 3.50% $500.00 Open a 30-month CD
36 months 3.44% 3.50% $500.00 Open a 36-month CD
48 months 3.44% 3.50% $500.00 Open a 48-month CD
60 months 3.44% 3.50% $500.00 Open a 60-month CD

*A penalty will be imposed for early withdrawal from a certificate of deposit. Maximum opening deposit of $250,000.00 per certificate of deposit account. Fees may reduce earnings on the account. $25.00 annual fee for IRA accounts.

Non-Profit Accounts

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Interest Rate
Annual Percentage Yield (APY 2)
Minimum Balance to Open
Non-Profit Interest Checking 1
Checking product for 501 (C) 3 organizations
.05% .05% $25.00
Non-Profit Statement Savings 1
Checking product for 501 (C) 3 organizations
.10% .10% $25.00

Law Firm Accounts

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Interest Rate
Annual Percentage Yield (APY 2)
Minimum Balance to Open
IOLTA Interest Checking
No monthly fee and no transaction limits on your escrow accounts
2.48% 2.48% $25.00
Master Escrow & Sub Accounts
Ideal product to secure client funds
.10% .10% $25.00

Municipal Accounts

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Interest Rate
Annual Percentage Yield (APY 2)
Minimum Balance to Open
Minimum Daily Balance to Waive Monthly Service Charge
Monthly Service Charge
Municipal Statement Savings
A savings product for any municipal and government entity
.10% .10% $25.00 $500.00 $10.00
Municipal Interest Checking
Checking product for any municipal and government entity
.05% .05% $25.00 N/A N/A

Ready to take the next step? We’re here to help!

Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.