SuperMoney
  Northern Trust Private Banking Account

Northern Trust Private Banking Account

in Savings Accounts from The Northern Trust Company

Unaffiliated

Northern Trust Private Banking Account

Unaffiliated

in Savings Accounts from The Northern Trust Company

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend Northern Trust Private Banking Account to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
APY (Annual Percentage Yield) 1%
APY Minimum Balance $1
Monthly Fee $1

Northern Trust Private Banking Account Review

Northern Trust Private Banking Account is offered by The Northern Trust Company, a bank founded in 1889 and based in Chicago, IL. Northern Trust Private Banking Account is available in 18 states (and Washington, DC).

Are savings accounts from The Northern Trust Company federally insured?

Yes, your The Northern Trust Company savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #913). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does The Northern Trust Company offer a signup bonus?

Northern Trust Private Banking Account doesn't offer a signup bonus.

What is the minimum initial balance for Northern Trust Private Banking Account?

The minimum initial balance to open a Northern Trust Private Banking Account is $100.
Northern Trust Private Banking Account Account Minimums
Description
APY Minimum Balance $1
Minimum Initial Deposit $100
Minimum Combined Balance to Avoid Monthly Fee $1
Minimum Required Balance N/A
Minimum Direct Deposit to Avoid Monthly Fee N/A
Minimum Balance to Avoid Monthly Fee N/A

What APY does The Northern Trust Company offer?

Northern Trust Private Banking Account offers an APY of 1% (APY stands for annual percentage yield, rates may change).

What features and perks does Northern Trust Private Banking Account offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • Fraud monitoring - Northern Trust Private Banking Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.
Northern Trust Private Banking Account Features
Description
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees

What fees does Northern Trust Private Banking Account charge?

This account charges a monthly maintenance fee of $1. You can also waive the fee by keeping a combined balance of $1.

  • Outgoing domestic bank transfers come with a $1 fee.
  • Incoming domestic bank transfers come with a $1 fee.
  • Outoing international bank transfers come with a $1 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Incoming international bank transfers come with a $1 fee.
  • Northern Trust Private Banking Account charges a $1 fee for an early account closure. Contact Northern Trust Private Banking Account for more details on what is considered an early closure.

How can I open a Northern Trust Private Banking Account?

Follow these simple steps to open a Northern Trust Private Banking Account:
  1. Visit the Northern Trust Private Banking Account website.
  2. Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  3. Check the information is accurate and submit your application.
  4. Make an initial deposit of at least $100.

How can I close a Northern Trust Private Banking Account?

Follow these simple steps to close a Northern Trust Private Banking Account:
  1. Visit the Northern Trust Private Banking Account website.
  2. Cancel or transfer any automatic payments and recurring transactions.
  3. Request the closure of the account and ask for a confirmation letter.
  4. Withdraw the balance in your Northern Trust Private Banking Account.
  5. Wait for your closing statement to arrive in the mail.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

Other Services by The Northern Trust Company

Availability

  Available in 18 states and Washington, D.C.
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Illinois
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • Nevada
  • New York
  • Ohio
  • Texas
  • Washington
  • Wisconsin

Feature Breakdown

APY Minimum Balance $1
Minimum Combined Balance to Avoid Monthly Fee $1
Minimum Initial Deposit $100
Early Account Closure $1
Monthly Fee $1
Returned Deposit Fee (Domestic) $1
Wire Transfer Fee - Domestic (Incoming) $1
Wire Transfer Fee - Domestic (Outgoing) $1
Wire Transfer Fee - International (Incoming) $1
Wire Transfer Fee - International (Outgoing) $1
Bauer Financial A+/A Rating  
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees
APY (Annual Percentage Yield) 1%

Be the first to rate

 

Would you recommend Northern Trust Private Banking Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Savings Accounts

Credit Karma Savings
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

2 Reviews