Available to residents nationwide, Northern Bank Direct is offering an attractive 0.50% APY. Definitely continue reading below for everything you would need to know about the attractive account and rate!
Table of Contents
Northern Bank Direct Money Market Review
Headquartered in Woburn, MA, Northern Bank Direct is an online division of Northern Bank, which was founded in 1960. This internet-only bank offers certificates of deposit (CDs) and money market accounts to its banking customers. Money market accounts offer access to funds through ATM, electronic transfer, wire, and limited check writing.
In addition to the rate from Northern Bank Direct, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
I’ll review Northern Bank Direct Money Market below.
Northern Bank Direct Money Market Rate
This account currently doesn’t make it onto our Best Bank Rates & Savings Accounts for February 2021.
To earn Northern Bank Direct’s competitive rate, simply have an opening deposit of $5,000. That’s all it takes and you’ll get to enjoy earning the 0.50% rate on all balances.
- What you’ll get: 0.50% APY
- Eligible account: Money Market
- Credit Inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: $5,000
- Monthly fee: None
- Early Termination Fee: There is a $25 early close out fee within 120 days of account opening.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Aspiration account has a nice sign-up bonus plus great rate.
|Aspiration||1.00% APY + $100 Cash||Review|
|Axos Bank High-Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|CIT Bank Savings Builder||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
How to Earn Northern Bank Direct Rate
- Open a Money Market account with a opening deposit of $5,000
- Must Apply Online
- 0.50% rate applicable to account balances up to $250,000
|Balance Requirement||APY Rate|
|$5,000 – $250,000||0.50% APY|
Northern Bank Direct Account Features
- Convenient online and mobile banking
- Member of the SUM® Program, so you can avoid ATM surcharges by using participating ATMs
- Electronic transfers
- No Monthly Fees
- FDIC Insured
Northern Bank Direct is offering a fantastic 0.50% APY guaranteed through December 31, 2019. Simply provide a balance of $5,000 to get started! Not only are you able to earn the attractive rate, but with an average daily balance up to $250,000, you can now earn more without having any worries!
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Northern Bank Direct Money Market.
|Chase Business Complete BankingSM||$300 Cash||Review|
|Bank of America Checking||$100 Offer||Review|
|HSBC Premier Checking Member FDIC||$450 Cash||Review|
|HSBC Premier Checking Member FDIC||Up To $600||Review|
|Citi Priority Account Package||$700 Cash|
With required activities.
|TD Bank Beyond Checking||$300 Cash||Review|
|TD Bank Convenience CheckingSM||$150 Cash||Review|
|Huntington 25 Checking||$300 Cash||Review|
|Huntington Bank Unlimited Plus Business Checking||$750 Cash||Review|
|Huntington Bank Unlimited Business Checking||$400 Cash||Review|
|Huntington Bank Business Checking 100||$200 Cash||Review|
|Discover Bank Cashback Debit||$360 Debit Cashback||Review|
|Wells Fargo Everyday Checking||$200 Cash||Review|
|Axos Bank Basic Business Checking||$100 Cash||Review|
|Ally Invest||Up to $3,000 Cash||Review|
|BlockFi||Up To $250 BTC||Review|