Tuesday, 2 June 2020

Northfield Bank Reviews: Checking, Savings, CD, Money Market and IRA Accounts

Northfield Bank Reviews: Checking, Savings, CD, Money Market and IRA Accounts
01 Apr
12:09

Northfield Bank checking account options

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How Northfield Bank’s checking accounts compare

Yes, you do get ATM refunds with some of the checking accounts and lower out-of-network fees compared to competitors, but there is little to no yield here. As a result, you might want to take a look at our list of the best online checking accounts, as some offer much higher APYs, and many don’t charge ATM fees either.

Northfield Bank savings account options

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How Northfield Bank’s savings accounts compare

There’s a good reason Northfield Bank is on our list of the best online savings accounts — their Platinum Savings APY is one of the highest we’ve seen. The Platinum Savings account can be opened online, making it convenient for anyone in the U.S. That, plus the low minimum opening deposit, makes this a great account.

Northfield Bank CD rates

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How Northfield Bank’s CD rates compare

Northfield Bank’s CD rates fall slightly short of its competitors, but not by that much. The fact that you can open certain CD accounts online and the relatively low opening minimum deposit do make this option pretty attractive.

If you want to explore other choices, check out our list of the best CD rates.

Northfield Bank money market account options

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How Northfield Bank’s money market accounts compare

With high opening deposit and balance minimums, neither of these money market accounts seem worth the trouble. You’re not getting good rates, and other online rivals advertise much higher ones. Your best bet is to do some comparison shopping, with our list of the best money market rates and accounts as a good place to start.

Northfield Bank IRA account options

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How Northfield Bank’s IRA CD rates compare

These rates fall slightly short of the ones on our list of the best IRA CD rates. The advantage to the Northfield Bank IRA CD account is its lower minimum opening deposit. However, if you have a relatively large amount of money to open an account, you may be better off looking elsewhere.

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Source: https://www.magnifymoney.com/blog/reviews/northfield-bank/

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