Overview / Commentary
3333 Deposit Drive NE
Grand Rapids, MI 49546

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

Related Posts

Ultimate Savings Rate Decrease - 7/9/2018

It appears that effective today the rate on Northpointe Bank's Ultimate Savings Account has decreased from 2.05% to 1.95% APY. Not sure of what Northpointe's definition of rate guarantee is, but this move certainly raises questions.

Northpointe Bank Boosts Ultimate Savings Rate - 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.

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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!

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.

Offering ACH By End Of The Month

Posted by: pc95 | Jul 5, 2018

Just opened an account for the 2.05% savings rate.
Received a message from a bank rep stating that they were setting up an ACH ability with other banks by end of July, 2018.
Sine just opened the account, will wait and see if that becomes true.

Agree with an older comment In this day and age with internet banking, ACH support is a must.

Update: ACH limit of $25000 per transaction. Free transactions per month 6......ACH limit is abysmal.

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.



Health Grade Components

FDIC Certificate #34953
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.67%
Return on Equity - YTD18.58%
Annual Interest Income$19.9MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.03B$694.0MM
LoansQ2 2018vs Q2 2017$898.3MM$588.3MM
DepositsQ2 2018vs Q2 2017$734.2MM$544.7MM
Equity CapitalQ2 2018vs Q2 2017$90.3MM$63.0MM
Loan Loss AllowanceQ2 2018vs Q2 2017$4.1MM$3.6MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$4.9MM$2.2MM
Real Estate OwnedQ2 2018vs Q2 2017$601.00K$964.00K
  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.

Ultimate Savings Rate Decrease

FrankSavage   |  
It appears that effective today the rate on Northpointe Bank's Ultimate Savings Account has decreased from 2.05% to 1.95% APY. Not sure of what Northpointe's definition of rate guarantee is, but this move certainly raises questions.

Report an Issue

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

1.95%$25k$1mUltimate Savings Promo (First 12 months only)
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

1.50%*$25k*$1mUltimate Money Market
OTHER TIERS: 0.20% Up to $2.5k | 0.25% $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+
0.50%*$100k*-Liquid Money Market
OTHER TIERS: 0.20% Up to $2.5k | 0.25% $2.5k - $25k | 0.40% $25k - $100k
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

0.30%*$100k*-Interest Checking
OTHER TIERS: 0.15% $2.5k - $25k | 0.25% $25k - $100k
0.10%--Business Now

Northpointe Bank CD Rates

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

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

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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