Northern Bank Direct:
Online Certificate of Deposit - 3.50% APY
• Minimum of $500 to open.
• Choice of maturities.
• 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.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 3.50% |
| Term Length | 12 Month |
| Minimum deposit amount | $500.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $500.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Minimum To Earn | $0.00 |
| Fees | |
| Early withdrawal penalty | 12 Months of Interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Recent Rate Changes
| Date | APY |
|---|---|
| November 17, 2024 | 3.50% |
| September 25, 2024 | 4.00% |
| August 7, 2024 | 4.75% |
| May 7, 2024 | 5.30% |
| April 19, 2024 | 5.60% |
| February 2, 2024 | 5.00% |
| February 2, 2024 | 5.50% |
| February 1, 2024 | 5.00% |
| January 30, 2024 | 5.50% |
| January 26, 2024 | 5.00% |
| January 26, 2024 | 5.50% |
| January 12, 2024 | 5.00% |
| August 20, 2023 | 3.75% |
Customer Reviews for Northern Bank Direct (12)
Mike Brown
July 6, 2023
This is an example of a bad bank. Their online process for purchasing a CD is horrible. You fill it out and it rejects it after all of your private information is disclosed. They there customer service is bottom of the barrel they contact you will an automated email unacceptable and 29 days late. That same day they took my information and rejected application. I opened a new CD with Forbright Bank the process was smooth and it took about 12 minutes. I would not recommend anyone to give out their information or try to process anything through northern bank, direct as their service is unacceptable and junk.
Is this review helpful? Yes:5 / No: 0
Leder
February 8, 2023 |
Here is your 1 star
Is this review helpful? Yes:4 / No: 3
Leder
February 8, 2023
Just another corksoaker playing games! This rate is for new accounts, look for other winners..........................
Is this review helpful? Yes:4 / No: 0
Jason
June 20, 2018 | | Replies 1
Their website says the offer is going away tomorrow at 9AM EST. Hurry!
Is this review helpful? Yes:2 / No: 1
| Jun 20, 2018
great find Jason, looks like this really was a to good to be true rate
raoul
June 19, 2018 |
Thanks FP, I have done some research and your correct.
1. "If you initiate the electronic transfer from your other financial institution, Northern Bank Direct does not impose a limit on the amount of the transfer. However, you should check with your other financial institution to see what their limits are." 2. "There is no limit on the number of financial institutions located in the US that you may link to your Northern Bank Direct account" its all in the FAQ, the rate blows everyone away
Is this review helpful? Yes:2 / No: 1
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