Reviewed by 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.
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
|
Money Market Money Market |
4.75% | $1 | 250,000 |
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|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month CD
|
4.00% | $500 | - |
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|
| 9 Month CD
|
4.00% | $500 | - |
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|
| 12 Month CD
|
3.50% | $500 | - |
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|
| 15 Month CD
|
3.50% | $500 | - |
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|
| 18 Month CD
|
3.50% | $500 | - |
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|
| 24 Month CD
|
3.50% | $500 | - |
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|
| 36 Month CD
|
3.50% | $500 | - |
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|
| 48 Month CD
|
3.50% | $500 | - |
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|
| 60 Month CD
|
3.50% | $500 | - |
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|
There is a risk in opening an online savings account with a bank you've never heard of, even if you it is offering 2.50% APY. You could just wake up one Labor Day morning and find that the offer and the account has entirely disappeared from that bank's website!
Northern Bank Direct is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.
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:5 / 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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