Northpointe Bank Ultimate Checking

dpandslemmen | Apr 2, 2015 | 53 posts since 2011

Just curious is anyone banks at Northpointe Bank in Grand Rapids Michigan? Is the new Ultimate checking just a short term gimmick or it it for real?

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Answers

NorthpointeBank | Apr 9, 2015 | 20 posts since 2014

Hi dpandslemmen-
The Ultimate Account product is not a promo rate or a gimmick. Balances up to $5,000 can earn 5.00% APY and balances above $5,000 earn 0.10%. The 2.54% APY disclaimer was based on an account balance of $10,000. Northpointe is committed to this product and rate for as long as possible. Several folks here at Northpointe worked at a previous FI in Michigan that has offered a rewards checking product for years and is popular on this site. We understand the product inside-and-out and you can therefore expect stability in terms of the product and rate. Please let me know if any other questions. Thank you. -Bill Clancy, Northpointe Bank

http://www.northpointe.com/

dpandslemmen | Apr 10, 2015 | 53 posts since 2011

Thank you for the reply and the information. Your bank name and location does intrigue me, but right now I am getting a better rate at a different location. Maybe things will change in the future.

dpandslemmen | Apr 3, 2015 | 53 posts since 2011

I see that they corrected and/or change the Interest rate for the account. It used to say 5% upto $5,000 then 2.5% for everything above $5,000. Now it says .10% for amounts above $5,000.

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