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North Shore Bank Review

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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, making the institution 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 conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. SmartAsset experts rated North Shore Bank 3.6 stars out of 5, suggesting it is an average bank that leaves room for improvement. North Shore Bank has a complete choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. The bank's standard checking product maintains a monthly fee of $6.00, making it a rather pricey bank for checking. Finding a checking account with no monthly fee as well as a savings account with a high APY at the same institution is your best bet for returning the most income on your deposits while having easy 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

With a savings rate of 0.05%, North Shore Bank ranks poorly in comparison to other U.S. banks. North Shore Bank's CDs feature a rate of 0.20% and 0.75% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.07%. Given North Shore Bank's poor savings rate, you should think about looking at the competition to open savings accounts.

How North Shore Bank's Savings Rates Compare

North Shore Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

North Shore Bank has typically high fees in comparison to other U.S. banks. North Shore Bank's checking account has a monthly fee of $6.00, which makes it fair for anyone looking for a simple account. For those who often frequent the ATM, North Shore Bank is ideal because it has no out-of-network ATM fees. North Shore Bank does not refund out-of-network ATM charges, meaning you'll need to search for a North Shore Bank ATM or eat the cost of withdrawal.

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
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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 account access easy, even on the go. It does not offer all-day customer service with representatives. You can get help during its customer service 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's online and mobile banking services receive poor marks from users. With 250 customer reviews on both Apple and Android platforms, the North Shore Bank mobile app has an overall rating of 3.0 out of 5 (compared to the national average of 3.8). North Shore Bank's mobile app allows you to manage your funds by reviewing monthly statements, sending and receiving funds as well as reaching customer service. North Shore Bank gets a superb consumer satisfaction rating due to comparatively few consumer complaints filed 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
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Financial Health

SmartAsset Average: 4.8

North Shore Bank is currently a large bank with assets totaling $2 billion as well as deposits totaling $2 billion. Its Texas Ratio is 7.09%, indicating that the bank is in fine 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.

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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 offers several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. North Shore Bank does not have the best savings rate, which means you should think about taking a look elsewhere 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 other U.S. banks.

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Find a North Shore Bank Near Me

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

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