Northpointe Bank Offers Competitive 12-Month And 24-Month CD Specials


Availability: Nationwide

Michigan's Northpointe Bank is bidding farewell to Winter with two CD Specials: a 12-month CD (1.15% APY) and a 24-month CD (1.30% APY). The minimum opening deposit is $5K and there are no balance caps.

According to CSR, the Early Withdrawal Penalty is the same for both CDs: 90 days interest on the amount being withdrawn.

5.00*%-$5kNorthpointe BankUltimate Checking
1.00%$1k-Northpointe Bank12 Month Fixed CD Special
Accounts mentioned in this post. Rates as of August 31, 2016.


In January, I wrote about Northpointe Bank’s new high-yield reward checking account, UltimateAccount. The details of this account are as follows:


  • 5.00% APY on balances up to $5K
  • 0.10% rate on portion of balance over $5K
  • 0.05% APY on entire balance if requirements are not met
  • ATM fee refunds of up to $10 per month
  • person-to-person payment (PopMoney) fee refunds of up to $3 per month

Qualifying Monthly Requirements:

  • 15 debit card purchases
  • Direct deposit or automatic withdrawal of $100 or more
  • eStatements

The UltimateAccount can be opened with a minimum deposit of $100, and there are no minimum balance requirements or monthly service fees after the account is opened.


Headquartered in Grand Rapids, Michigan, Northpointe Bank offers its services and product line to residents in all 50 states.

Opening an account can be done online, or at Northpointe Bank’s sole branch location. in Grand Rapids.

Bank Overview

Northpointe Bank has an overall health rating of "B+" at, with a Texas Ratio of 16.88% (above average), as of December 31, 2014. In the past year, Northpointe Bank increased its total deposits by $57.8 Million, excellent annual growth rate of 21.9% growth rate. Please refer to our financial overview of Northpointe Bank for more details.

A relatively young institution, Northpointe Bank (FDIC Certificate # 34953) was founded in 1999 by Charles Williams, the current President and CEO. In 2013, Northpointe Bank was ranked by Independent Community Bankers of America (ICBA) as the number one best performing financial institution in the country among its peers. ICBA also named Northpointe Bank in 2014 as a "top-performing lender, one out of nearly 450 community banks that have been successful in providing loans to individuals, families and small business."

How the CDs Compare

When compared to other similar length of term CDs tracked by, requiring a similar minimum deposit and available nationally, Northpointe Bank’s 12-month CD currently ranks in the top 8, and the 24-month CD currently ranks in the top 6 in their respective categories.

The above rates are accurate as of 3/31/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

Northpointe Bank’s High-Yield, Low-Cap Reward Checking Account



Northpointe Bank has launched a high-yield reward checking account that it calls the UltimateAccount, and it’s nationally available. If you meet the monthly requirements, you’ll receive an interest rate that’s much higher than rates offered by most all other reward checking accounts. The downside is that the top interest rate only applies to a relatively small balance. For many savers, the low balance cap may be a deal killer. Nevertheless, it’s nice to see a new nationally available reward checking account that offers savers a way to get a...

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Special CDs with Competitive Rates at Northpointe Bank

Update 4/14/2012: The special early withdrawal feature now only applies to the 3-year CD.

Northpointe Bank is offering some unique CDs with competitive rates. They're unique because there's no early withdrawal penalty for the second half of the term. For example there is no early withdrawal penalty after 18 months for a 36 month CD. The bank calls these the Special Compass CDs, and they have the following rates and terms:

  • 1.80% APY 5-year CD
  • 1.60% APY 4-year CD
  • 1.20% APY 3-year CD
  • 1.00% APY 2-year CD

These rates are listed at the bank's CD page...

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Special No-Penalty 3-Year CD at Northpointe Bank - Michigan Only

Northpointe Bank is offering a special 3-year CD which has no early withdrawal penalty after the first 18 months. It also has a competitive yield of 2.10% APY. Minimum deposit is $5,000. This special CD is called the Northpointe Compass CD, and it's shown in a rotating banner on the bank's front page and in a banner at the top of the bank's CD page as of 10/21/2010.

If you make use of the penalty-free withdrawal at month 18, this becomes a very competitive 18-month CD. As a comparison, the best...

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2.70% 15-Month CD & 3.00% 23-Month CD at Northpointe Bank in Michigan - Nationally Available
Northpointe Bank continues to offer competitive CD rates. Two of their CD specials that are listed on their front page as of 6/18/09 include a 2.70% APY 15-month CD and a 3.00% APY 23-month CD. Minimum deposit is $5,000. Note, when you click the link, it takes you to the rate table which lists lower rates. When I called earlier in the month about this discrepancy, I was told the special rates listed on the front page are correct. Their regular CD rates are also competitive. The most competitive include...
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3.00% 23-Month CD & 2.65% 11-Month CD at Northpointe Bank in Michigan
Northpointe Bank is offering two competitive CD specials: a 3.00% APY 23-month CD and a 2.65% APY 11-month CD. Minimum deposit is $5,000. These rates are listed on the front page of the bank's website. Note, when you click the link, it takes you to the rate table which lists lower rates. I was told the special rates listed on the front page are correct.

When I called the bank today, the CSR said that these CDs can be opened by mail from any state. To open an account, you'll need...

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