Estate planning options at Northfield Savings Bank
Estate planning for your Northfield Savings Bank accounts starts with understanding how each one transfers at death. Beneficiary designations bypass probate, but the right approach depends on the account type, your tax situation, and how much control you want over distributions.
Northfield Savings Bank offers 13 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
Contact Northfield Savings Bank directly for information about adding or updating beneficiary designations on your accounts.
Why trust accounts are not available
Northfield Savings Bank does not currently support retitling accounts into a trust. The alternative is to name a trust as the Transfer on Death beneficiary, which provides similar probate-avoidance benefits while keeping the account in the individual's name.
NSB Basic Checking
Everyday checking with a debit card, free online banking with bill pay, and no fees at Allpoint network ATMs. It can be opened online.
NSB Preferred Checking
Interest-bearing checking that pays on a daily balance of $1,500 or more. The bank says this account is opened only at a local branch.
Money Market Checking
Checking for higher balances that earns interest on any balance above zero.
Regular Savings Account
Money Market Savings Account
Club Savings Account
Savings toward holiday, tax or seasonal costs. The balance moves to another account at the bank every October 15.
Youth Savings Account
ATM card and online banking come with an adult joint owner on the account. It becomes a Regular Savings Account on the holder's 19th birthday.
Certificate of Deposit
Opened at a branch. A certificate renews by itself at maturity, with 10 calendar days afterward to withdraw or change the term without a penalty.
Traditional and Roth IRA
Fixed rates for the term.
Sources
(2)·
Data sourced from Northfield Savings Bank primary sources (27 pages reviewed). How we research.
Northfield Savings Bank estate support
Customer Support
Phone
Northfield main office
Card activation and PIN
Lost or stolen card, after hours
Hours
Office
Mailing address
Website
Estate requests go through general customer service.
Estate planning articles
Learn how to protect your Northfield Savings Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
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Learn moreForms for Planning Your Estate
Free forms for planning your estate: will, living trust, pour-over will, powers of attorney and TOD deed. Prepare each form for your state and download the PDF.
Revocable Living Trust
Create a revocable living trust to avoid probate, protect privacy, and control asset distribution.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Codicil to a Will
Add, revoke or replace provisions of your will and republish the rest, signed as your state requires for a will.
Tools for Planning Your Estate
Free tools for planning your estate: will and trust costs, trust or TOD deed, and the signing rules. Run each tool for your state and read its answer.
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How Does SimplyTrust Compare to LegalZoom, Trust & Will, and Other Services?
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Do I Need a Revocable Trust?
Find out if a revocable trust makes sense based on your state, estate value, and family situation.
Trust or Will: Which Costs Less?
Compare the cost of probate vs a trust for your state and estate value.
How Much Is the Federal Gift Tax?
Whether a gift owes federal gift tax, how much of the annual exclusion and lifetime exemption it uses, and whether Form 709 is due.
What Does Estate Planning Actually Cost?
Compare costs across estate planning providers including online services and attorneys.
