Featured Savings Rates
Featured Accounts

Northpointe Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.05%SavingsUltimate Savings Promo (First 12 months only)
2.55%5-year CD60+ Month CD
1.75%3-year CD36 - 47 Month CD

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

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 savings rates are 4X the national average, and it has an A health rating.

Related Posts

Northpointe Bank Boosts Ultimate Savings To 2.05% APY ($25k+) - 5/15/2018

Northpointe Bank has raised the rate on its nationally available Ultimate Savings to 2.05% APY ($25k+). The new rate applies to accounts opened on or after 5/14/18.

Northpointe Ultimate Checking 5% No Longer Available - 11/30/2017

Haven't seen this posted yet but while on the Northpointe website, I noticed that the Ultimate Checking account which pays 5% up to 10K is no longer available as of 11/20/17. I am a current account holder and when I log in, I still see that I am earning 5% for the month (or 4.8764% to be exact). Not sure what it will show tomorrow. I'm ok if they simply close the account to new account holders but will be very disappointed if the product is totally eliminated, especially since they haven't communicated any changes.

Northpointe Bank Unveils Ultimate Money Market - 10/31/2017

Northpointe Bank's nationally available Ultimate Money Market earn 1.50% APY on balances between $25k and $1m, with a rate guarantee of 12 months following opening.

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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!

Posted by: MJames | Nov 18, 2017

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.

Posted by: RLunder | Sep 7, 2017

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.

Account Opening Process Is ARCHAIC!

Posted by: pwj7050 | May 16, 2018

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.

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Health

Health Grade Components

Overall
FDIC Certificate #34953
Year Established1999
Employees477
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.84%
Return on Equity - YTD19.22%
Annual Interest Income$30.0MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$827.6MM$587.7MM
LoansQ4 2017vs Q4 2016$715.8MM$501.3MM
DepositsQ4 2017vs Q4 2016$600.1MM$509.1MM
Equity CapitalQ4 2017vs Q4 2016$76.8MM$57.4MM
Loan Loss AllowanceQ4 2017vs Q4 2016$3.9MM$3.8MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$3.3MM$3.2MM
Real Estate OwnedQ4 2017vs Q4 2016$667.00K$548.00K
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
2.05%$25k$1mUltimate Savings Promo (First 12 months only)
2.05%*$25k*$1k,100Ultimate Savings
OTHER TIERS: 1.12% Any amount
1.50%*-$1kKid's Savings
OTHER TIERS: 1.11% $1k+
0.50%*$100k*-Business Savings
OTHER TIERS: 0.20% Up to $2,500 | 0.25% $2,500 - $25k | 0.40% $25k - $100k
0.50%*$100k*-Liquid IRA Account
OTHER TIERS: 0.20% Up to $2,500 | 0.25% $2,500 - $25k | 0.40% $25k - $100k
0.50%--Health Savings Account

Northpointe Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$25k*$1mUltimate Money Market
OTHER TIERS: 0.20% Up to $2,500 | 0.25% $2,500 - $25k
0.50%*$100k*-Liquid Money Market
OTHER TIERS: 0.20% Up to $2,500 | 0.25% $2,500 - $25k | 0.40% $25k - $100k
0.50%*$100k*-Business Money Market Account
OTHER TIERS: 0.20% Up to $2,500 | 0.25% $2,500 - $25k | 0.40% $25k - $100k

Northpointe Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.55%$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
1.75%$1k-36 - 47 Month CD
1.65%$1k-24 - 29 Month CD
1.65%$1k-30 - 35 Month CD
1.60%$1k-18 - 23 Month CD
1.35%$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
2.55%$500-60+ Month Fixed IRA
2.50%$500-35 Month IRA Special
2.30%$500-19 Month IRA Special
2.25%$500-48 - 59 Month Fixed IRA
1.75%$500-36 - 47 Month Fixed IRA
1.65%$500-24 - 29 Month Fixed IRA
1.65%$500-30 - 35 Month Fixed IRA
1.60%$500-18 - 23 Month Fixed IRA
1.35%$500-12 - 17 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
Locations

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

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