Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

North Shore Bank Review

Your Details Done
by Updated
North Shore Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1923, North Shore Bank has $2 billion in assets and deposits totaling $2 billion, which makes it a large bank. North Shore Bank, whose headquarters are in Brookfield, Wisconsin, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We ranked the bank at a 3.6 stars out of 5, indicating that North Shore Bank is an acceptable bank choice, but may leave you wanting more. North Shore Bank offers the complete slate of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. North Shore Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking account has a monthly fee of $6.00, which ranks on the higher end of monthly fees. Finding a bank with no-fee checking as well as a high savings APY is your best option for accruing the most income from your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

North Shore Bank has a savings rate of 0.05%, which is fair in comparison to the national average. North Shore Bank's one-year CD earns at a rate of 0.20% and the five-year CD earns at a rate of 0.75%, while its highest-yielding money market account earns at a rate of 0.07%. Given North Shore Bank's below average savings rate, you should think about taking a look at other banks for savings accounts.

How North Shore Bank's Savings Rates Compare

North Shore Bank Savings 0.05 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

North Shore Bank charges its customers high fees as compared against the national average. At $6.00/month, North Shore Bank's checking account is not the best product for people who want an easy checking account. For those who often visit the ATM, it is ideal because it charges no out-of-network ATM fees. North Shore Bank does not reimburse out-of-network ATM charges, meaning you will be required to find a North Shore Bank ATM or accept the ATM charge.

Monthly Fee $6.00 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

SmartAsset Average: 3.7

North Shore Bank is a brick-and-mortar bank, with 49 total branches in Illinois and Wisconsin. With mobile and web apps, North Shore Bank makes mobile banking convenient, even on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 8:00 a.m. to 7:00 p.m. CT; Saturday, 8:30 a.m. to 3:00 p.m. CT; Sunday, and 10:00 a.m. to 1:00 p.m. CT. North Shore Bank receives inferior feedback from customers for its mobile banking services. Out of 250 customer reviews on both iOS and Android platforms, the North Shore Bank mobile app rates a 3.0 out of 5 (compared to the national average of 3.8). You can utilize North Shore Bank's mobile app to manage your bank accounts by monitoring account balances, transferring funds and accessing support representatives. North Shore Bank gets a superb consumer satisfaction rating based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

North Shore Bank is currently a large bank and has assets totaling $2 billion as well as deposits totaling $2 billion. North Shore Bank has a strong Texas Ratio of 7.09%, indicating that the bank is in good financial health and far from failure. Additionally, North Shore Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Back to Overview

Compare North Shore Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.45% APY
  • 48 Month: 0.50% APY
  • 60 Month: 0.75% APY
$1000 for all terms
Money Market Account 0.07% APY $1

North Shore Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. North Shore Bank does not have the best savings rate, which means you should consider other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. North Shore Bank's CD rates are fair in comparison to the average U.S. bank.

Back to Overview

Find a North Shore Bank Near Me

North Shore Bank has 49 locations in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure