Northern Bank Direct:
Online Certificate of Deposit - 5.00% 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 5.00%
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
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.

Customer Reviews for Northern Bank Direct (12)


  • 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.

  • February 8, 2023 |

    Here is your 1 star

  • February 8, 2023

    Just another corksoaker playing games! This rate is for new accounts, look for other winners..........................

  • June 20, 2018 | | Replies 1

    Their website says the offer is going away tomorrow at 9AM EST. Hurry!

    | Mar 2, 2024

    great find Jason, looks like this really was a to good to be true rate

  • 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


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