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Deposit Rates

Effective: May 31, 2017

 

Savings Accounts

 

Account Type Interest Rate

Annual Percentage Yield (APY4)

Minimum Balance to Open Minimum Daily Balance to Waive Monthly Service Charge2
Statement Savings1 .15% .15% $25.00 $500.00
Passbook Savings1 .15% .15% $10.00 $300.00
Health Savings1 .05% .05% $25.00 $0.00
Northern Light Savings5
$.01 - $4,999.99 .15% .15% $25.00 $5,000.00 combined depository balances5
$5,000.00 - $24,999.99 .20% .20%    
$25,000 - $49,999.99 .25% .25%    
$50,000.00 - $99,999.99 .30% .30%    
$100,000.00 and above .35% .35%  
Northern Business Investment Savings1
$.01 - $4,999.99 .15% .15% $25.00 $5,000.00 combined depository balances5
$5,000.00 - $24,999.99 .20% .20%    
$25,000.00 - $49,999.99 .25% .25%    
$50,000.00 - $99,999.99 .30% .30%    
$100,000.00 and above .35% .35%    

Checking Accounts

Account Type Interest Rate

Annual Percentage Yield (APY4)

Minimum Balance to Open

Minimum Daily Balance to Waive Monthly Service Charge2

Northern Plus Checking1 .05% .05% $25.00 $2,500.00
Northern Premium Checking1  3        
$.01 - $2,499.99 0.00% 0.00% $25.00 $10,000.00 combined depository balances3
$2,500.00 - $4,999.99 .05% .05%    
$5,000.00 - $9,999.99 .25% .25%    
$10,000.00 and above .50% .50%    

Money Market Investment Account1

 

Account Type Interest Rate

Annual Percentage Yield (APY4)

Minimum Balance to Open

Minimum Daily Balance to Waive Monthly Service Charge2

$.01 - $2,499.99 .15% .15% $25.00 $1,000.00
$2,500.00 - $49,999.99 .20% .20%    
$50,000.00 - $249,999.99 .35% .35%    
$250,000.00 and above .50% .50%    

Northern Business Money Market Account1

 

Account Type Interest Rate

Annual Percentage Yield (APY4)

Minimum Balance to Open

Minimum Daily Balance to Waive Monthly Service Charge2

$.01 - $2,499.99 .15% .15% $25.00 $1,000
$2,500.00 - $49,999.99 .20% .20%    
$50,000.00 - $249,999.99 .35% .35%    
$250,000.00 and above .50% .50%    

Non-Profit Accounts

 

Account Type Interest Rate

Annual Percentage Yield (APY4)

Minimum Balance to Open
Non-Profit Statement Savings1 .15% .15% $25.00
Non-Profit Interest Checking1 .05% .05% $25.00

Certificates of Deposit

 

Term Interest Rate

Annual Percentage Yield (APY4)

Minimum Balance to Open & Earn APY
6 months .30% .30% $500
12 months 1.00% 1.00% $500
18 months 1.39% 1.40% $500
24 months 1.54% 1.55% $500
30 months 1.29% 1.30% $500
36 months 1.59% 1.60% $500
48 months 1.78% 1.80% $500
60 months 1.98% 2.00% $500

 

A penalty will be imposed for early withdrawal from a certificate of deposit.

Maximum opening deposit of $500,000.00 per certificate of deposit account.

Fees may reduce earnings on the account. 

Open a CD

IRA Certificates of Deposit

 

Term Interest Rate

Annual Percentage Yield (APY4)

Minimum Balance to Open & Earn APY
6 months .30% .30% $500
12 months 1.00% 1.00% $500
18 months 1.39% 1.40% $500
24 months 1.54% 1.55% $500
30 months 1.29% 1.30% $500
36 months 1.59% 1.60% $500
48 months 1.78% 1.80% $500
60 months 1.98% 2.00% $500

 

A penalty will be imposed for early withdrawal from a certificate of deposit.

Maximum opening deposit of $500,000.00 per certificate of deposit account.

Fees may reduce earnings on the account. 

1 Variable Rate account. The rate may change after the account is opened. Fees may reduce earnings on the account.


2 Refer to our fee schedule for information regarding monthly service charges.


3 Balance required to waive the monthly service charge is the combined daily balance of like-titled personal deposit accounts or if you are an authorized signer on a business account.


4 Annual Percentage Yield (APY): There is no minimum balance required to earn the disclosed annual percentage yield except as otherwise noted.


5 Variable Rate account.  The rate may change after the account is opened.  Fees may reduce earnings on the account. Balance required to waive the monthly service charge is the combined daily balance of like titled personal deposit accounts.

 

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