Northpointe Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.55% | 5-year CD | 60+ Month CD 2.50% - Ally Bank High Yield 5 Year CD |
| 1.75% | 3-year CD | 36 - 47 Month CD 2.35% - Synchrony Bank 36 Month CD |
| 2.25% | 4-year CD | 48 - 59 Month CD |
Northpointe Bank is the 922nd largest bank in the nation. It was established in 1999 and as of December of 2017, it had grown to 477 employees. Northpointe Bank's money market rates are 3X the national average, and it has an A health rating.
Related Posts
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 - Northpointe Bank’s High-Yield, Low-Cap Reward Checking Account
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
| Featured Account Options | SPONSORED LISTINGS | ||||
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Can't Beat The Interest Rate For Checking Account
Been a member for 6 weeks, received my first interest payment as promised. I'm very pleased with the checking account and service. However, be aware that you have to be patient in getting the account setup and it takes 7 to 10 business days to get your ATM card. On the other hand, you are not spending 2 hours waiting in the lobby to set up account as I did at the last big national bank. Also just so you are not caught off guard. If you send in checks to fund your account during the first 30 days of account opening they will hold them for 5 to 10 days to assure clearance. However, now that I think back on I believe my national bank did the same when my account was new. Now checks snapped on my cell phone are clearing in 3 to 5 days. If you want near instant transfers use electronic transfer bank to bank Also I would say call them if you have a question, they answered the phone right away and were friendly and helpful. No complaints, I'm recommending them to my friends.
Awsome Bank And Checking Account!
I opened this checking account 4 years ago and have earned the interest every month since. You only need 15 debit swipes per month... my wife and I run about 50-60 swipes so easy to qualify. We use the checking for typical spending and for big ticket purchases we use our Delta Sky Miles card to get the points. If you keep $10k in this checking account that is about $500 per year you earn on your money - No other bank or credit union is paying that high of a rate. The big banks pay nothing and do not need to because customers flock to their brand. I prefer a bank that knows me. They do it right, their customer service is not a big company call center. I usually text rather than call and they are always quick to help. Thanks for being awesome!
Works Fine For Me.
I use Northpointe's Ultimate Checking account as my main checking account. I was a bit skeptical when I got the email stating that they had the right to close my account if they thought I was just trying to get the interest rate. I guess that's their reply to the Fed now longer allowing banks to require minimum amounts for Debit Transactions. I knew I would not have any problem meeting the 15 debit card uses to qualify.
I would give them 5 stars, but the email I received after I opened my account is a bit unethical, and they also dragged their feet in depositing some Mobile Deposit checks...but that has now improved. Now most Mobile Deposits hit my account within 1-2 business days.
This Bank Should Get 0 Stars!
DO NOT open this account. NorthPointe is not being honest with customers. Their advertised criteria to earn 5% on balances up to $10,000:
1) Make 15 or more debit card purchases each month.
2) Enroll in eStatements
3) Set up direct deposit OR automatic withdrawal of $100+ per statement period.
So, if you meet these 3 criteria, you should receive the 5% APR, right? WRONG. AFTER you have opened the account and made the qualifying transactions, you will receive an "automated" e-mail from NorthPointe that basically says:
"Northpointe Bank reserves the right to determine if the account is being maintained for a purpose other than primary, day-to-day use".
They will not tell you this when you open the account, but when time comes to pay up, they will say your transaction don't qualify. They're a bunch of crooks. Go with better name banks that actually care about reputational risk.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34953 |
| Year Established | 1999 |
| Employees | 477 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.84% |
| Return on Equity - YTD | 19.22% |
| Annual Interest Income | $30.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $827.6MM$587.7MM |
| Loans | Q4 2017vs Q4 2016 | $715.8MM$501.3MM |
| Deposits | Q4 2017vs Q4 2016 | $600.1MM$509.1MM |
| Equity Capital | Q4 2017vs Q4 2016 | $76.8MM$57.4MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $3.9MM$3.8MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $3.3MM$3.2MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $667.00K$548.00K |
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
Northpointe Bank Money Market Rates
Northpointe Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $100k* | - | Interest Checking | ||
| OTHER TIERS: 0.15% → $2,500 - $25k | 0.25% → $25k - $100k | |||||
| 0.10% | - | - | Business Now | ||
Northpointe Bank CD Rates
Northpointe Bank IRA Rates
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