Northpointe Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.95% | Savings | |
| 1.75% | 3-year CD | 2.65% - Barclays 36 Month Online CD |
| 2.30% | Money Market |
Northpointe Bank is the 749th largest bank in the nation. It was established in 1999 and as of June of 2018, it had grown to 533 employees. Northpointe Bank's money market rates are 5X the national average, and it has an A health rating.
Related Posts
10/23 - Ultimate Savings Rate Increase For Jumbo Deposits
7/9 - Ultimate Savings Rate Decrease
5/15 - Northpointe Bank Boosts Ultimate Savings Rate
10/31 - Northpointe Bank Unveils Ultimate Money Market
10/16 - Northpointe Bank Offers Nationally Available 17-Month CD Special
6/13 - NorthPointe Notifies Customers of New Ultimate Checking Requirement
6/13 - Update To Your Ultimateaccount
6/8 - Northpointe Bank Adds Nationally Available 15-Month CD Special
5/8 - Northpointe Bank's UltimateAccount Raises Limit To $10k
5/8 - Northpointe Bank Increases 5% Cap On Ultimate Checking Account To $10,000
1/29/15 - Northpointe Bank’s High-Yield, Low-Cap Reward Checking Account
3/7/12 - Special CDs with Competitive Rates at Northpointe Bank
10/21/10 - Special No-Penalty 3-Year CD at Northpointe Bank - Michigan Only
10/19/10 - 1.40% Money Market Account At Northpoint Bank - Michigan Only
6/18/09 - 2.70% 15-Month CD & 3.00% 23-Month CD at Northpointe Bank in Michigan - Nationally Available
6/3/09 - 3.00% 23-Month CD & 2.65% 11-Month CD at Northpointe Bank in Michigan
Great Bank With Awesome Rates!
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!
Just Opened An Account
Great rate at 2.3% with a 24 month guarantee - easy in a rising interest rate environment. Took 3 days for the account to be opened and 1 banking day for the ACH to be pulled in.
I was supposed to receive a welcoming email about the account being opened and funded and how to use - I still have not received. I found out and got an online logon by calling customer service which was good and easy to reach. They also said they would have the welcome email sent manually over 24 hours ago - still waiting.
Overall Grade… B -
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.
Account Opening Process Is ARCHAIC!
I opened the 2.05% APY Ultimate Savings account yesterday at which time the maximum initial funding limit via an ACH pull into Northpointe is $1,000 I believe. I assumed that once the account was opened I could pull additional funds into the account by setting up the funding account as an "external account" with Northpointe.
Well, you know what happens when you assume! Northpointe does not provide that functionality. The only options are sending in a check, wire the money to Northpointe or ACH the money from the funding account. I bank with Wells Fargo and like all other banks I can think of they have very LOW $ limits on what they allow their customers to ACH OUT of their accounts.
The bottom line is I just closed the Northpointe account the day after I opened it because of their antiquated policies.
Since the 2.05% rate is only available on balances over $25k and they restrict the opening deposit that they do fund via ACH, the customer is forced to either fund by check or wire transfer. An ACH push out of Wells is not an option due to Wells' low $ limits.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34953 |
| Year Established | 1999 |
| Employees | 533 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.67% |
| Return on Equity - YTD | 18.58% |
| Annual Interest Income | $19.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $1.03B$694.0MM |
| Loans | Q2 2018vs Q2 2017 | $898.3MM$588.3MM |
| Deposits | Q2 2018vs Q2 2017 | $734.2MM$544.7MM |
| Equity Capital | Q2 2018vs Q2 2017 | $90.3MM$63.0MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $4.1MM$3.6MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $4.9MM$2.2MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $601.00K$964.00K |
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.
Ultimate Savings Rate Increase For Jumbo Deposits
Note that this rate increase may only apply to current account holders.
Also good to know that the bank does not charge for incoming wire deposits and accrued interest is not forfeited if withdrawals are made prior to the posting date.
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.95%* | $25k* | $1m | Ultimate Savings Promo (First 12 months only) | ||
| OTHER TIERS: 1.12% → Any amount | |||||
| 1.95%* | $25k* | $1m | Ultimate Savings | ||
| OTHER TIERS: 1.12% → Any amount | |||||
| 1.50%* | - | $1k | Kid's Savings | ||
| OTHER TIERS: 1.11% → $1k+ | |||||
| 0.50% | - | - | Health Savings Account | ||
Northpointe Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.30%* | $25k* | $1m | Ultimate Money Market | ||
| OTHER TIERS: 0.20% → Up to $2.5k | 0.25% → $2.5k - $25k | 0.50% → $1m+ | |||||
| 1.50%* | $25k* | $1m | IRA - Ultimate Money Market | ||
| OTHER TIERS: 0.20% → Up to $2.5k | 0.25% → $2.5k - $25k | 0.50% → $1m+ | |||||
| 0.50%* | $100k* | - | Business Money Market Account | ||
| OTHER TIERS: 0.20% → Up to $2.5k | 0.25% → $2.5k - $25k | 0.40% → $25k - $100k | |||||
Northpointe Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.60% | $1k | - | 60+ Month CD Special | |
| 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 |
Northpointe Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.60% | $1k | - | 60+ Month IRA Special | |
| 2.50% | $500 | - | 35 Month IRA Special | |
| 2.30% | $500 | - | 19 Month IRA Special | |
| 2.25% | $500 | - | 48 - 59 Month Fixed IRA | |
| 2.10% | $500 | - | 24 - 29 Month Fixed IRA | |
| 2.05% | $500 | - | 18 - 23 Month Fixed IRA | |
| 2.00% | $500 | - | 12 - 17 Month Fixed IRA | |
| 1.75% | $500 | - | 36 - 47 Month Fixed IRA | |
| 1.65% | $500 | - | 30 - 35 Month Fixed IRA | |
| 1.00% | $500 | - | 6 - 11 Month Fixed IRA | |
| 0.90% | $500 | - | 92-182 Day Fixed IRA | |
| 0.30% | $500 | - | 7-91 Day Fixed IRA |
Northpointe Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 3333 Deposit Drive NE - Grand Rapids, MI 49546