In honor of Independence Day, Northern Bank branches and the Contact Center will be closed on Thursday, July 4. As always, mobile banking, online banking and our ATM network are available to you 24/7.

Business Account Rates

Competitive rates to
keep you and your
business growing.

Effective Date: May 9, 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
4.17% 4.25% $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
.20% .20%
$100,000.00 -
and above
.30% .30%

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
.15% .15%
$250,000.00
and above
.20% .20%

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
3.20% 3.25%
$100,000.00 -
$249,999.99
3.30% 3.35%
$250,000.00 -
and above
3.44% 3.50%

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
6 months 4.89% 5.00% $500.00
9 months 4.89% 5.00% $500.00
12 months 4.89% 5.00% $500.00
15 months 4.41% 4.50% $500.00
18 months 4.65% 4.75% $500.00
24 months 4.41% 4.50% $500.00
30 months 3.93% 4.00% $500.00
36 months 3.93% 4.00% $500.00
48 months 3.93% 4.00% $500.00
60 months 3.93% 4.00% $500.00

*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
Minimum Daily Balance to Waive Monthly Service Charge
IOLTA Interest Checking
No monthly fee and no transaction limits on your escrow accounts
2.48% 2.48% $25.00 $0.00
Master Escrow & Sub Accounts
Ideal product to secure client funds
.10% .10% $25.00 $500.00

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
Municipal Statement Savings
.10% .10% $25.00 $500.00
Municipal Money Market
A higher interest rate product for any municipal and government entity
$.01 -
$2,499.99
.05% .05% $25.00 $1,000.00
$2,500.00 -
$49,999.99
.10% .10%
$50,000.00 -
$249,999.99
.15% .15%
$250,000.00
and above
.20% .20%
Municipal Interest Checking
Checking product for any municipal and government entity
.05% .05% $25.00 $0.00

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.