Northpointe Bank


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

Northpointe Bank is headquartered in Grand Rapids and is the 6th largest bank in the state of Michigan. It is also the 360th largest bank in the nation. It was established in 1999 and as of March of 2020, it had grown to 835 employees at 1 location. Northpointe Bank's money market rates are 25% higher than the national average, and it has an A health rating.

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Great Bank With Awesome Rates!

Posted by: |

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!

Overall Grade… B -

Posted by: |

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.

For A Bank, It's Hard To Get Them Money

Posted by: |

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.

Excellent Banking Experience

Posted by: |

I have used numerous banks in the past, both internet and bricks & mortar. Northpointe has renewed my faith in customer service. They are so easy to do business with. Everyone I have been associated with there have been above & beyond in professional customer service. I am so thankful that there is still a bricks & mortar bank that offers competitive rates and outstanding customer service. Keep up the excellent performance.

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Health

Health Grade Components

Overall
FDIC Certificate #34953
Year Established1999
Employees835
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.76%
Return on Equity - YTD19.6%
Annual Interest Income$22.0MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$2.59B$1.58B
LoansQ1 2020vs Q1 2019$2.15B$1.41B
DepositsQ1 2020vs Q1 2019$1.48B$973.7MM
Equity CapitalQ1 2020vs Q1 2019$225.8MM$115.9MM
Loan Loss AllowanceQ1 2020vs Q1 2019$5.5MM$4.7MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$4.4MM$3.6MM
Real Estate OwnedQ1 2020vs Q1 2019$508.00K$563.00K
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
1.50%*-$1kKid's Savings
OTHER TIERS: 0.54% $10k+ | 1.11% $1k - $10k
0.55%*$5k*-Ultimate Savings
OTHER TIERS: 0.25% $100 - $25k | 0.50% $2m+
0.50%--Health Savings Account

Northpointe Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$5k*$2mUltimate Money Market
OTHER TIERS: 0.25% $2.5k - $5k | 0.50% $2m+
0.55%*$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
0.30%*$100k*-Interest Checking
OTHER TIERS: 0.15% $2.5k - $25k | 0.25% $25k - $100k
0.10%--Business Plus Checking

Northpointe Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$1k-48 - 59 Month CD
0.65%$1k-60 Month CD
0.50%$1k-12 - 17 Month CD
0.50%$1k-18 - 23 Month CD
0.50%$1k-24 - 29 Month CD
0.50%$1k-36 - 47 Month CD
0.50%$1k-30 - 35 Month CD
0.30%$1k-92 - 182 Day CD
0.30%$1k-6 - 11 Month CD
0.30%$1k-7 - 91 Day CD

Northpointe Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$1k-48 - 59 Month IRA CD
0.65%$1k-60 Month IRA CD
0.50%$1k-12 - 17 Month IRA CD
0.50%$1k-18 - 23 Month IRA CD
0.50%$1k-24 - 29 Month IRA CD
0.50%$1k-30 - 35 Month IRA CD
0.50%$1k-36 - 47 Month IRA CD
0.30%$1k-7 - 91 Day IRA CD
0.30%$1k-92 - 182 Day IRA CD
0.30%$1k-6 - 11 Month IRA CD
Locations


Northpointe Bank Locations
Northpointe Bank3333 Deposit Drive NeGrand Rapids, MI 49546

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