Available to residents nationwide, Northern Bank Direct is offering an attractive 4.25% APY when opening their Money Market account. Definitely continue reading below for everything you would need to know about the attractive account and rate!
Update 2/20/25: The rate has decreased to 4.25% APY from 4.75%.
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.
Northern Bank Direct Money Market Rate
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 competitive rate.
- What you’ll get: 4.25% 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.
(FDIC Insured)
How to Earn Rate
- Open a Money Market account with a opening deposit of $5,000
- 4.25% rate applicable to account balances up to $250,000
| Balance Requirement | APY Rate |
| $500 – $250,000 | 4.25% APY |
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
Conclusion
Northern Bank Direct is offering a fantastic rate. 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!
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.
Let us know about your experience with this bank and comment below.
today is 2/11/2020 & on your site it says that the rate of a money market is 2.50% and it is good till 12/31/2019. please tell me what good that does anyone today. your site leaves a lot to be desired.