Aside from actively searching the web for the best certificates of deposit offering the best returns, you probably wouldn't know about Northern Bank Direct. This online division of Northern Bank, which operates a limited number of branches solely within Massachusetts, does not provide checking or savings accounts. It also refrains from issuing loans, credit cards, or mortgages. Nevertheless, it does feature CDs with impressive APY.
Here’s everything you need to know about current Northern Bank Direct CD rates.
All rates and fees are current as of Nov. 10, 2025, and are subject to change.
CDs from Northern Bank Direct: rates and offerings
Northern Bank Direct provides only one CD option, lacking flexible, IRA, jumbo, or business CDs. Consequently, if you require a specialized CD for your particular financial objective, you might find a different bank or credit union more suitable.
However, if your sole aim is to find a typical CD offering an exceptionally high APY for interest on funds you won't require immediate access to, Northern Bank Direct might be the perfect fit for you.
Northern Bank Direct offers standard CDs with ten distinct term options, spanning from six months up to five years. Every term is associated with its own specific earning rate.
Northern Bank Direct standard CD rates
| Term length | APY |
|---|---|
| 6 months | 4.00% |
| 9 months | 3.75% |
| 12 months | 3.25% |
| 15 months | 3.25% |
| 18 months | 3.25% |
| 24 months | 3.25% |
| 30 months | 3.25% |
| 36 months | 3.25% |
| 48 months | 3.25% |
| 60 months | 3.25% |
| 6 months | |
|---|---|
| APY | 4.00% |
| 9 months | |
| APY | 3.75% |
| 12 months | |
| APY | 3.25% |
| 15 months | |
| APY | 3.25% |
| 18 months | |
| APY | 3.25% |
| 24 months | |
| APY | 3.25% |
| 30 months | |
| APY | 3.25% |
| 36 months | |
| APY | 3.25% |
| 48 months | |
| APY | 3.25% |
| 60 months | |
| APY | 3.25% |
Bank details checked Nov. 10, 2025
A comparison of Northern Bank Direct against its rivals
Northern Bank Direct truly offers some of the highest APY on the market right now. Here’s a look at some popular competitors.
 Northern Bank Direct |  Discover Bank |  Ivy Bank |
|---|---|---|
| 6 months | 6 months | 6 months |
| 4.00% | 3.50% | 4.00% |
| 9 months | 9 months | 9 months |
| 3.75% | 3.50% | N/A |
| 12 months | 12 months | 12 months |
| 3.25% | 4.05% | 3.75% |
| 18 months | 18 months | 18 months |
| 3.25% | 3.70% | N/A |
| 24 months | 24 months | 24 months |
| 3.25% | 3.50% | 3.25% |
| View offer at Northern Bank Direct | View offer at Discover | View offer at MoneyLion |
Bank details checked Nov. 10, 2025
Northern Bank Direct info
Northern Bank Direct operates as the online arm of Northern Bank, a financial entity established in New England in 1960. While smaller than prominent banks such as Chase and Capital One, Northern Bank possesses $3.13 billion in combined assets, according to recent Federal Reserve data.
Northern Bank provides fairly typical account choices and services, such as checking, savings, and mortgage loans.
Northern Bank Direct, though not offering these specific products, does make available certificates of deposit, money market accounts, a health savings account (HSA), and 1031 exchanges.
Frequently asked questions
How do Northern Bank Direct CD rates stack up against those of other financial institutions?
Northern Bank Direct CD rates are higher than most of its competitors, as far as we’ve observed.
The smallest amount you can deposit to open a Northern Bank Direct CD is $500.
The minimum deposit to open a Northern Bank Direct CD is $500.
Yes, Northern Bank Direct CDs are FDIC insured.
Yes, Northern Bank Direct CDs are FDIC insured up to $250,000 per account holder.
When a Northern Bank Direct CD reaches its maturity date, it will automatically renew into a new CD with the same term length, unless you instruct otherwise.
Northern Bank Certificates of Deposit will renew automatically once they reach maturity. Nevertheless, if the bank doesn't get any written notice from you regarding your account following two successive auto-renewals, Northern Bank Direct reserves the right to consider your account abandoned and proceed to close it.
Northern Bank Direct CDs incur penalties for early withdrawal.
Withdrawing your CD prior to its maturity date will result in a penalty equivalent to six to 36 months of interest, contingent upon the CD's term.