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Northpointe Bank


Overview / Commentary
888-672-5626
3333 Deposit Drive NE
Grand Rapids, MI 49546

Northpointe Bank is headquartered in Grand Rapids and is the 10th largest bank in the state of Michigan. It is also the 530th largest bank in the nation. It was established in 1999 and as of March of 2019, it had grown to 704 employees at 1 location. Northpointe Bank's money market rates are 5X the national average, and it has an A health rating.

Related Posts

Northpointe Bank Ups Ultimate Savings To 2.55% APY - 7/6/2019

Northpointe Bank has upped the rate on its nationally available Ultimate Savings to 2.55% APY on balances between $25k and $1m. 3-month rate guarantee.

2.55% APY Savings Account Over 25K - 7/1/2019

I just discovered that Northpointe Bank is paying 2.55% APY on balances over 25,000 in their Ultimate Savings account. It appears this rate is guaranteed for 3 months. With rates being cut on liquid accounts, this looks like a good option if you need to park some funds for the short term. Here's the fine print from their website: Annual Percentage Yield effective 06/28/19. After the three (3) month promotional period, the rate may change based on prevailing market rates. Promotional interest rate applies to consumer accounts only with balances between $25,000.00 - $1,000,000.00. Rates are subject to change without notice. Tier 1 $0.00 – $24,999.99: 1.12% APY; Tier 2 $25,000.00 -$1,000,000.00: 2.55% APY; Tier 34 $1,000,000.01+: 1.12% APY. Fees may reduce earnings on the account. All new accounts are subject to Northpointe Bank approval. Not valid with any other offers.

60+ Months Special For CD And IRA - 3.6% APY - 11/25/2018

Minimum $1k to open https://www.northpointe.com/banking/rates/

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Excellent Banking Experience

Posted by: filtar | Feb 1, 2019

I have used numerous banks in the past, both internet and bricks & mortar. Northpointe has renewed my faith in customer service. They are so easy to do business with. Everyone I have been associated with there have been above & beyond in professional customer service. I am so thankful that there is still a bricks & mortar bank that offers competitive rates and outstanding customer service. Keep up the excellent performance.

Overall Grade… B -

Posted by: redfarm | Nov 11, 2018

Opening the Ultimate Money Market Account was easy.

Setting up the bill pay was swift.

Interest rate is relatively high.

The ACH fund transfer speed between banks originating with Northpointe is slow – three days when many banks routinely carry it out in one day.

Customer Service is poor – once logged-in it’s impossible to find a method to contact it. On the bank’s home page there’s a ‘contact your expert’ link – used it to send an email which was never acknowledged or answered.

Very Strange Rules

When Purepoint reduced their savings account rates last week I decided to move my ready money to a different bank. I started the procedure with Northpointe which sort of stumbled along and I made a $100 deposit. I then went through the process of linking an external account. Northpointe pay a very good rate over $25K balance. When I tried to deposit $40K I got the message 'too much'. OK lets try $25K but the same result. Not sure how this will work. Fortunately started a parallel application with Commenity and my $48K is on deposit there

For A Bank, It's Hard To Get Them Money

Posted by: bumrocky | Nov 27, 2018

I opened an account when their interest rate was 1.50%. I quickly found out it was difficult to get them the money. You have to "push" the money to the account from your other bank. They will not do an ACH between accounts. The browser interface was old, lacking features and didn't show much information. Their mobile offering was the same as my credit union, just rebadged, so I was used to working with it. The mobile app was pretty decent, and made it easy to deposit checks electronically. The biggest issue is when rates go up, your account is locked in. I closed the account when it got to 1.85% and my account was still stuck at 1.50%. I won't be coming back. There are easier/better banks to deal with.

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
FDIC Certificate #34953
Year Established1999
Employees704
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.72%
Return on Equity - YTD22.23%
Annual Interest Income$15.7MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.58B$861.0MM
LoansQ1 2019vs Q1 2018$1.41B$761.6MM
DepositsQ1 2019vs Q1 2018$973.7MM$568.7MM
Equity CapitalQ1 2019vs Q1 2018$115.9MM$77.5MM
Loan Loss AllowanceQ1 2019vs Q1 2018$4.7MM$4.1MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$3.6MM$4.5MM
Real Estate OwnedQ1 2019vs Q1 2018$563.00K$525.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

2.55% APY Savings Account Over 25K

enelrad1123   |  
I just discovered that Northpointe Bank is paying 2.55% APY on balances over 25,000 in their Ultimate Savings account. It appears this rate is guaranteed for 3 months. With rates being cut on liquid accounts, this looks like a good option if you need to park some funds for the short term. Here's the fine print from their website: Annual Percentage Yield effective 06/28/19. After the three (3) month promotional period, the rate may change based on prevailing market rates. Promotional interest rate applies to consumer accounts only with balances between $25,000.00 - $1,000,000.00. Rates are subject to change without notice. Tier 1 $0.00 – $24,999.99: 1.12% APY; Tier 2 $25,000.00 -$1,000,000.00: 2.55% APY; Tier 34 $1,000,000.01+: 1.12% APY. Fees may reduce earnings on the account. All new accounts are subject to Northpointe Bank approval. Not valid with any other offers.

Rates
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Always verify rates and promotions with the bank or credit union. We are not Northpointe Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northpointe Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.55%*$25k*$1mUltimate Savings
OTHER TIERS: 1.12% Any amount
1.50%*-$1kKid's Savings
OTHER TIERS: 1.11% $1k+
0.50%--Health Savings Account

Northpointe Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%*$25k*$1mUltimate Money Market
OTHER TIERS: 0.20% Up to $2.5k | 0.25% $2.5k - $25k | 0.50% $1m+
1.50%*$25k*$1mIRA - Ultimate Money Market
OTHER TIERS: 0.20% Up to $2.5k | 0.25% $2.5k - $25k | 0.50% $1m+

Northpointe Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Interest Checking
OTHER TIERS: 0.15% $2.5k - $25k | 0.25% $25k - $100k
0.10%--Business Now

Northpointe Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.70%$1k-60 Month CD
2.50%$1k-35 Month CD Special
2.30%$1k-19 Month CD Special
2.25%$1k-48 - 59 Month CD
2.10%$1k-24 - 29 Month CD
2.05%$1k-18 - 23 Month CD
2.00%$1k-12 - 17 Month CD
1.75%$1k-36 - 47 Month CD
1.65%$1k-30 - 35 Month CD
1.00%$1k-6 - 11 Month CD
0.90%$1k-92 - 182 Day CD
0.30%$1k-7 - 91 Day CD
Locations


Northpointe Bank Locations
Northpointe Bank3333 Deposit Drive NeGrand Rapids, MI 49546

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