Available nationwide, Northfield Bank is offering a 0.85% APY when you sign up and open a new Platinum Savings Account. Definitely continue reading below for everything you would need to know about the attractive account and rate!
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Northfield Bank Platinum Savings Review
Northfield Bank is headquartered in Staten Island, New York and was founded in 1887. Since then they have grown to 41 locations, offer savings rates are 4X the national average, and they boast an A+ health rating.
In addition to the rate from Northfield Bank, 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 Northfield Bank Platinum Savings below.
Northfield Bank Platinum Savings Rate
To earn Northfield Bank’s competitive rate, simply have an opening deposit of $100. That’s all it takes and you’ll get to enjoy earning the 0.85% rate on all balances.
- What you’ll get: 0.85% APY
- Eligible account: Platinum Savings
- Credit inquiry: Hard Pull
- Where it’s available: Nationwide
- Opening Deposit: $0.01 minimum
- Monthly fee: Yes
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn Northfield Bank Rate
- Open a Platinum Savings Account with with a minimum opening deposit of $0.01
- Maintain a balance no greater than $100,000 to earn the stated rate
| Balance Requirement | APY Rate |
| $0.01 to $99,999.99 | 0.85% APY |
| $100,000 to $224,999.99 | 0.85% APY |
| $225,000+ | 0.85% APY |
Northfield Bank Account Features
- Tiered rate of interest
- Your money is FDIC insured up to $250,000, the maximum allowed by law
- Only $0.01 minimum to open
- The account will be charged a minimum balance fee of $8.00 each statement cycle if the average daily balance for that cycle falls below $2,500
Conclusion
Northfield Bank is offering a great APY Rate for their Platinum Savings Account. There is no minimum opening balance or deposit required to open an account and it’s easy to sign up online and earn this 0.85% APY Rate! However, this account triggers a hard pull so take that into consideration!
Let us know about your experience with this bank and comment below.
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