Find the latest Northern Bank Direct CD Rates, Offers, and Promotions here.
Update 9/10/24: Rates have decreased but still offering competitive longer term rates.
Best CD Rates: 5.30% APY 6-18-Month, 4.50% APY 24-Month , $500 minimum deposit.
Availability: Nationwide
Credit Inquiry: Soft Pull, ChexSystems
About Northern Bank Direct
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.
Northern Bank Direct offers its customers convenient and secure access to online and mobile banking. Although accounts must be opened online, transactions can be made at any Northern Bank branch location. Northern Bank Direct is insured by the FDIC through Northern Bank.
You can fund your account within 14 days of opening via ACH, wire, check, or internal transfer. The account ownership can be individual, joint, or trust.
| Term | APY Rate | Minimum Deposit |
| 6-Month | 4.75% | $500 |
| 9-Month | 4.75% | $500 |
| 12-Month | 4.75% | $500 |
| 15-Month | 4.75% | $500 |
| 18-Month | 4.75% | $500 |
| 24-Month | 4.50% | $500 |
| 30-Month | 4.00% | $500 |
| 36-Month | 4.00% | $500 |
| 48-Month | 4.00% | $500 |
| 60-Month | 4.00% | $500 |
*The rates above are accurate as of 5/8/2024*
Northern Bank Direct CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer the term, the higher APY rate you make. The interest is compounded daily and credited monthly, then you can transfer penalty-free to an NBD liquid account, ACH to external account, or by check.
Northern Bank Direct’s Best CD Offers terms ranging from 12-months to 60-months. Their Best CD Offer pays the highest APY rate. If you’re interested in making a higher rate than a traditional savings account then make sure to check out these rates listed below.
- Minimum deposit: $500
- Maximum deposit: $250,000
- Early withdrawal penalty: A penalty will be imposed for early withdrawals. For full details, contact Northern Bank Direct
(FDIC Insured)
| Alliant Credit Union 12-Month Certificate (4.05% APY) | Quontic Bank CD (Up to 4.25% APY) |
| Western Alliance Bank 3-Month CD (4.50% APY) | Western Alliance Bank 12-Month CD (4.25% APY) |
| Ponce Bank 3-Month CD (4.25% APY) | Blue Federal Credit Union 9-Month No Penalty CD (3.75% APY) |
| Sun Canyon Bank 11-Month CD (3.98% APY) | Ponce Bank 4-Month No-Penalty CD (4.15% APY) |
Northern Bank Direct CD Features
- Great rates
- Choice of maturities
- Easy online inquiry access
- Minimum of $500 to open
- FDIC Insured
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Bottom Line
They offer a wide range of CDs. If you are interested in one of these terms check out this online bank. One of the highlights of these offers is the low minimum deposit of $500. You can request your matured funds via ACH, wire, cashier’s check, or internal transfer to an NBD Money Market Premier account. They will give you a 10 calendar days grace period before automatic renewal.
An online account is ideal for Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
This is a great opportunity to invest in a high-interest CD from Northern Bank Direct. However, you may want to compare them with our best CD Rates:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month CD Rates
- Best No Penalty CD Rates
Be sure to apply as soon as you can to start your new account experience. Check back often for the latest Northern Bank Direct CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
| Service Credit Union | 4.25% APY 9-Month CD | Review |
| Western Alliance Bank | 4.50% APY 3-Month CD | Review |
| Western Alliance Bank | 4.40% APY 6-Month CD | Review |
| Rising Bank | 4.40% APY 6-Month CD | Review |
| Rising Bank | 4.35% APY 15-Month CD | Review |
| First Tech Federal Credit Union | 4.35% APY 13-Month Share Certificate | Review |
| Quontic Bank | Up to 4.25% APY CD | Review |
| Western Alliance Bank | 4.25% APY 12-Month CD | Review |
| Ponce Bank | 4.25% APY 3-Month High Yield CD | Review |
| Sallie Mae | 4.25% APY 14-Month CD | Review |
| Ponce Bank | 4.15% APY 4-Month No-Penalty CD | Review |
| Live Oak Bank | 4.10% APY 12-Month CD | Review |
| Live Oak Bank | 4.10% APY 12-Month Business CD | Review |
| First Mid Bank & Trust | 4.08% APY 9-Month CD | Review |
| Alliant Credit Union | 4.05% APY 12-Month Certificate | Review |
| Discover Bank | Up to 4.00% APY CD | Review |
| Sun Canyon Bank | 3.98% APY 11-Month CD | Review |
| Sallie Mae | 3.95% APY 10-Month CD | Review |
| Western Alliance Bank | 3.85% APY 5-Month CD | Review |
| GreenState Credit Union | 3.80% APY 10-Month CD | Review |
| Blue Federal Credit Union | 3.75% APY 9-Month No Penalty CD | Review |
| Blue Federal Credit Union | 3.75% APY 15-Month CD | Review |
| CIT Bank | 3.50% APY 13-Month CD | Review |
| CIT Bank | 3.50% APY 11-Month No-Penalty CD | Review |
| Southwestern National Bank | 3.40% APY 8-Month CD | Review |
| First Financial Northwest Bank | 3.00% APY 12-Month CD | Review |
| Ponce Bank | 3.00% APY 1-Month High Yield CD | Review |
| CIT Bank | 3.00% APY 6-Month CD | Review |
| CIT Bank | 3.00% APY 18-Month CD | Review |
I filled out the application which apparently is not user-friendly or properly operating. It did not work so I chose to use another bank called bread bank. My application went smoothly with another bank the same day. Northern bank contacted me a month later with lousy replies service. Saying that I needed to give them a picture of my ID. Their online application was not smooth and her response time was terrible and unacceptable. I would . Their online application was not smooth and her response time was terrible and unacceptable. I would not recommend anyone to waste your time with northern bank, direct as they are a bad run entity.
i am in Indiana. After filling out all information including SSN, driver license, ect and system showed not able to open an account, disappointed and system should be improved at the first step to verify it instead of collecting all info.