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Effective Date: September 25, 2024
Interest Rate |
Annual Percentage Yield (APY 2) |
Minimum Balance to Open |
Minimum 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% |
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% |
Interest Rate |
Annual Percentage Yield (APY 2) |
Minimum Balance to Open & Earn APY |
|
---|---|---|---|
6 months | 4.65% | 4.75% | $500.00 |
9 months | 3.93% | 4.00% | $500.00 |
12 months | 3.93% | 4.00% | $500.00 |
15 months | 3.93% | 4.00% | $500.00 |
18 months | 3.93% | 4.00% | $500.00 |
24 months | 3.44% | 3.50% | $500.00 |
30 months | 3.44% | 3.50% | $500.00 |
36 months | 3.44% | 3.50% | $500.00 |
48 months | 3.44% | 3.50% | $500.00 |
60 months | 3.44% | 3.50% | $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.
Variable Rate account. The rate may change after the account is opened. Fees may reduce earnings on the account.
Annual Percentage Yield (APY): There is no minimum balance required to earn the disclosed annual percentage yield except as otherwise noted.
New money only. Offer is for a limited time only and is subject to change without notice.
The monthly service charge may also be waived by making a monthly deposit during the statement cycle (Branch, ATM, Mobile or direct deposit) or if the account is enrolled in electronic statements.
New money only. Maintaining a personal checking account is required to be eligible for this rate. The minimum to open a personal checking account ranges from $10.00-$25.00 depending on the product selected. If a personal checking account is not maintained with an open status, then the Premium Savings Account will be reclassified as a Northern True Savings after an appropriate notice to the customer. Please refer to our Personal Account Schedule of Fees for information about other fees and charges.
A monthly service charge of $20.00 will be imposed if the combined daily balance of the deposit accounts for which you are a primary or secondary owner of falls below $10,000.00 any day of the statement period. In addition the monthly service charge of $20.00 can be waived if you are a business owner and have a business deposit relationship with us or if you have an active residential mortgage with us.
Service charge waived: with monthly direct deposit, 10 debit card purchase transactions that have posted to and cleared the account (ATM withdrawals not included) or if minimum daily balance is $2,500.00 and over.
Contact our Team to learn more about how Northern Bank can help you realize your goals and dreams.