2. Northpointe Bank

Northpointe Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
1.00%Reward Checking
2.08% - National Average
1.75%3-year CD
1.83% - National Average
2.30%Money Market
2.10% - American Express National Bank High Yield Savings AccountAdvertisement
View all Northpointe Bank rates »

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 13th largest bank in the state of Michigan. It is also the 664th largest bank in the nation. It was established in 1999 and as of September of 2018, it had grown to 647 employees at 1 location. Northpointe Bank's money market rates are 5X the national average, and it has an A health rating.

Related Posts

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

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

Northpointe Bank Boosts Ultimate Money Market Rate - 11/6/2018

Northpointe Bank has upped the rate on its nationally available Ultimate Money Market to 2.30% APY on balances between $25k and $1m. 12-month rate guarantee.

Ultimate Savings Rate Increase For Jumbo Deposits - 10/23/2018

I just learned from a CSR today that Savings rate will increase from 2.03% to 2.30% guaranteed for 12 months for balances of $100K + 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.

View all posts from:


Reviews (33)

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!

8

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.

22

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.

8

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
A

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34953
Year Established1999
Employees647
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.75%
Return on Equity - YTD30.64%
Annual Interest Income$32.7MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.17B$754.9MM
LoansQ3 2018vs Q3 2017$1.03B$666.6MM
DepositsQ3 2018vs Q3 2017$883.4MM$538.4MM
Equity CapitalQ3 2018vs Q3 2017$104.3MM$72.0MM
Loan Loss AllowanceQ3 2018vs Q3 2017$4.2MM$3.8MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$4.9MM$1.9MM
Real Estate OwnedQ3 2018vs Q3 2017$631.00K$633.00K
  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.

60+ Months Special For CD And IRA - 3.6% APY

SYC   |  
Minimum $1k to open

https://www.northpointe.com/banking/rates/
54

Ultimate Savings Rate Increase For Jumbo Deposits

RZ   |  
I just learned from a CSR today that Savings rate will increase from 2.03% to 2.30% guaranteed for 12 months for balances of $100K +
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.
13

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% → 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+
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--Ultimate Checking Account
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
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
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.