Available nationwide, Northern Bank Direct Money Market is offering a competitive 3.25% APY Rate. Continue reading below to learn everything you need to know about Northern Bank Direct.
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About Northern Bank Direct Money Market
Northern Bank Direct is an online division of Northern Bank, which was founded in 1960. This internet-only bank offers money market accounts and CDs. Money market accounts offer access to funds through ATM, electronic transfer, wire, and limited check writing.
This online bank offers customers a convenient way to bank online or through mobile banking. Although accounts must be opened online, transactions can be made at any Northern Bank branch location.
|Balance Requirement||APY Rate|
|$0 to $250,000||3.25% APY|
Northern Bank Direct Money Market Rate
To earn Northern Bank Direct’s competitive rate, you must open with a minimum $5,000. Once you open an account, you will be able to earn the APY on balances up to $250,000.
- Account Type: Money Market Premier
- Interest Rate: 3.25% APY
- Availability: Nationwide, Online
- Minimum Balance: None
- Maximum Balance: $250,000
- Opening Minimum: $5,000
- Credit Inquiry: Soft Pull
- Monthly Fee: None listed
- Early account termination fee: There is a $25 early close out fee within 120 days of account opening.
Northern Bank Direct ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
|Push||3 days||$5,000||$25,000||$3 fee for outgoing transfers|
|Pull||3 days||$5,000||$25,000||Limit 10 transactions per day, 100 per month|
In addition to ACH transfers, you can make deposits by wire transfer, direct deposit, mailing a check, or mobile check deposit.
How to Earn Northern Bank Direct Rate
- Open a Money Market account online from Northern Bank Direct with a minimum opening deposit of $5,000
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Earn 3.25% APY for balances up to $250,000
Why You Should Sign Up For This Account
- Convenient online and mobile banking
- Member of the SUM® Program, so you can avoid ATM surcharges by using participating ATMs
- Electronic transfers
- Minimum of $5,000 to open
- No monthly service charges
- FDIC insured
Check out Northern Bank Direct and open a Money Market account with this competitive rate up to $250,000! There are no monthly service fees to worry about and you earn the high APY with just a $5,000 minimum deposit.
For more bank offers, see the complete list of Best Bank Rates!
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