2. Northpointe Bank

Northpointe Bank


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

Northpointe Bank is headquartered in Grand Rapids and is the 7th largest bank in the state of Michigan. It is also the 415th largest bank in the nation. It was established in 1999 and as of September of 2019, it had grown to 736 employees at 1 location. Northpointe Bank's money market rates are 4X the national average, and it has an A health rating.

Related Posts

Northpointe Bank Ups Ultimate Savings To 2.55% APY - Expired - 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.

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Reviews (38)

Great Bank With Awesome Rates!

Posted by: JordanE19 | Jun 15, 2018

I have had nothing but positive experiences with Northpointe Bank. The interest rates can't be beat and there are very few fees compared to most banks. Customer service is always extremely helpful and friendly when I call!

10

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.

31

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.

14

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.

5
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Health
A

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34953
Year Established1999
Employees736
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.84%
Return on Equity - YTD22.69%
Annual Interest Income$54.9MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$2.09B$1.17B
LoansQ3 2019vs Q3 2018$1.76B$1.03B
DepositsQ3 2019vs Q3 2018$1.34B$883.4MM
Equity CapitalQ3 2019vs Q3 2018$182.1MM$104.3MM
Loan Loss AllowanceQ3 2019vs Q3 2018$5.3MM$4.2MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$4.4MM$4.9MM
Real Estate OwnedQ3 2019vs Q3 2018$311.00K$631.00K
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
1.95%*$25k*$1mUltimate Savings
OTHER TIERS: 1.12% → $100+
1.50%*-$1kKid's Savings
OTHER TIERS: 1.11% → $1k+
0.50%--Health Savings Account

Northpointe Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%*$25k*$1mUltimate Money Market
OTHER TIERS: 0.50% → $1m+ | 1.05% → $2.5k - $25k
1.95%*$25k*$1mUltimate Money Market - Promo
OTHER TIERS: 0.50% → $1m+ | 1.05% → $2.5k - $25k
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 Plus Checking

Northpointe Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-60 Month CD
2.05%$1k-19 Month CD Special
2.00%$1k-48 - 59 Month CD
1.95%$1k-36 - 47 Month CD
1.95%$1k-30 - 35 Month CD
1.85%$1k-24 - 29 Month CD
1.80%$1k-18 - 23 Month CD
1.75%$1k-12 - 17 Month CD
1.00%$1k-6 - 11 Month CD
0.90%$1k-92 - 182 Day CD
0.30%$1k-7 - 91 Day CD

Northpointe Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-60 Month IRA CD
2.00%$1k-48 - 59 Month IRA CD
1.95%$1k-30 - 35 Month IRA CD
1.95%$1k-36 - 47 Month IRA CD
1.85%$1k-24 - 29 Month IRA CD
1.80%$1k-18 - 23 Month IRA CD
1.75%$1k-12 - 17 Month IRA CD
1.00%$1k-6 - 11 Month IRA CD
0.90%$1k-92 - 182 Day IRA CD
0.30%$1k-7 - 91 Day IRA CD
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.