At a glance

4.2

Bankrate Score

CDs

Checking

Savings

MMA

Overview

Michigan-based Northpointe Bank is good for consumers seeking deposit account rates above national averages — some in the competitive range — while paying no monthly maintenance fees. The bank operates one branch, so it’s best for those who want to do most or all of their banking online.

Highlights

ATM Fee Refunds
No Monthly Fees

Compare offers

Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

Member FDIC

Savings Account

4.30

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 4/20/2024

Bankrate Savings rating = 4.9/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$1

Min. balance for APY

View offer

Promoted offer:

Member FDIC

Savings Account

5.00

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 4/20/2024

Bankrate Savings rating = 4.9/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

Min. balance for APY

View offer

Promoted offer: Plus, no monthly fees and unlimited free external transfers

Member FDIC

Savings Account

4.35

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 4/20/2024

Bankrate Savings rating = 4.9/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

Min. balance for APY

View offer

Promoted offer:

Overall

Northpointe Bank is a Grand Rapids, Michigan-based bank offering a full selection of deposit products, including both free and interest-bearing checking accounts. The bank doesn’t charge monthly service fees for its accounts, and it reimburses some ATM surcharges assessed by other banks. The savings and money market accounts pay competitive rates on some balance tiers, although significantly higher certificate of deposit (CD) yields can be found at other banks. Additionally, savings accounts with lower balance requirements to earn the top yield can be found elsewhere.

Pros

Rates are competitive for some balance tiers.
No monthly maintenance fees or overdraft fees are charged.
Northpointe reimburses ATM surcharges from other banks up to $15 a month.

Cons

Customer service call center hours are limited.
High minimum balances are required to earn the best rates on certain accounts.

Northpointe Bank banking products

4.3

/5

See methodology Compare savings rates

SCORE BREAKDOWN

APY offering:

3.25%

4/5

Minimum balance to earn interest:

$100.00

4/5

Monthly service fee:

$0.00

5/5

Minimum balance to avoid fee:

$0.00

5/5

Access to funds:

Good

4/5

FEATURES

0.25% – 3.25% APY

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 4/20/2024

$100 minimum deposit to open

Northpointe Bank savings overview

Northpointe Bank's Ultimate Savings account earns a competitive rate, but you’ll need a balance of at least $25,000 to qualify for it. Lower balances earn rates that are on par with the national savings account average. A minimum opening deposit of $100 is required, and no monthly service fee is charged.Supersavers should note that balances of more than $3 million earn significantly less than balances between $25,000 and $3 million in the Ultimate Savings account.

Also offered is a Kid's Savings account with tiered rates that are above national averages. The highest rate is earned on balances under $1,000, with the portion of a balance over $10,000 earning a significantly lower rate. A minimum of only $10 is required to open this account, and it carries no monthly maintenance fees.

The Ultimate Savings account charges a $5 fee if more than six withdrawals are made from that savings account during a month.

Pros

Some balance tiers earn competitive APYs.
The Ultimate Savings account can be opened with just $100.
There are no monthly service fees.

Cons

At least $25,000 is needed to earn the highest APY for the Ultimate Savings account.
Accounts closed within the first 120 days are subject to a $10 fee.
Balances under $100 don’t earn interest.

Rate history for Northpointe Bank's Savings account

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Northpointe Bank

APY

National average APY

How do we get this data?

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Northpointe Bank

APY

National average APY

How do we get this data?

Compare Offer

Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

Member FDIC

Savings Account

4.30

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 4/20/2024

Bankrate Savings rating = 4.9/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$1

Min balance for APY

View offer

Promoted offer:

3.2

/5

See methodology Compare CD rates

SCORE BREAKDOWN

APY offering:

1.25% - 1 yr

2/5

Minimum deposit:

$1,000.00

4/5

Range of term lengths:

1 mo – 5 yrs

5/5

Early withdrawal penalty:

Good

4/5

Offer no-penalty or bump-up CDs:

No

0/5

Offer IRA CDs:

No

0/5

FEATURES

0.35% – 2.15% APY

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 4/20/2024

$1,000 minimum deposit to open

1 month – 5 years

Northpointe Bank CD overview

Northpointe offers CDs in terms ranging from seven days to five years. Some rates are higher than national averages, and at least $1,000 is required to open the account. Interest is credited to the account monthly.

Northpointe offered an 11-month CD special that was paying a very competitive yield during Bankrate’s review of the bank. That CD special required at least $25,000 from outside of Northpointe.

Pros

A wide range of flexible term lengths are available from seven days to five years.
The minimum opening deposit of $1,000 is manageable.

Cons

Significantly higher rates can often be found elsewhere.
No specialty CDs are available, such as no-penalty or bump-up CDs.

Rate history for Northpointe Bank's CD accounts

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Northpointe Bank

APY

National average APY

Term length

How do we get this data?

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Northpointe Bank

APY

National average APY

Term length

How do we get this data?

Compare Offer

Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

Member FDIC

CD

5.05

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 4/20/2024

Bankrate CD rating = 4.7/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

Min. deposit

1 yr

Term

View offer

Promoted offer:

4.3

/5

See methodology Compare MMA rates

SCORE BREAKDOWN

APY offering:

3.25%

4/5

Minimum balance to earn interest:

$2,500.00

3/5

Monthly service fee:

$0.00

5/5

Minimum balance to avoid fee:

$0.00

5/5

Check writing:

Yes

5/5

Debit/ATM access:

Great

5/5

Northpointe Bank money market overview

Northpointe Bank’s Ultimate Money Market account has a tiered structure, with the highest APY being paid on balances between $25,000 and $3 million. While the top rate is somewhat competitive, the yields on the other balance tiers are significantly lower. The account comes with checks and a debit card, and there is no monthly service fee.

Pros

One of the balance tiers earns a competitive rate.
Check-writing privileges and a debit card are available.
No monthly service fees are charged.

Cons

Rates received are much lower when balances fall under $25,000, and no interest is earned at all on accounts with balances below $2,500.
Foreign wire transfer services are not allowed.
There’s a $5 fee every time you go beyond the account’s six-per-month withdrawal limit.

4.3

Bankrate Score

Compare top checking rates

Northpointe Bank checking overview

Northpointe Bank offers both free and interest-bearing checking accounts. With no monthly fees, the free account is true to its name and requires just $100 to open. Northpointe doesn’t have its own ATMs, but customers do get reimbursed up to $15 in ATM surcharges from other banks each month. For the interest checking account, you’ll get competitive rates, but a balance of at least $2,500 is needed to earn interest and you won’t earn the top yield until you reach $100,000 in deposits.

Northpointe Bank personal accounts have $500 ATM withdrawal limits each business day.

Pros

There’s a low minimum to open a free checking account.
The bank offers a generous ATM reimbursement each month.
Customers can get a custom debit card with the design of their choice.

Cons

Customers with less than $2,500 in their interest-bearing checking account receive no interest payment.

Compare Offer

Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

Banking services provided by Coastal Community Bank, Member FDIC

Checking Account

5.00

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 4/20/2024

$0

To open

$0

To avoid fees

View offer

Compare more: Bankrate's best high-yield savings account offers

Bank fees

Fee	Charged?
Overdraft fee	None
Non-sufficient funds fee	None
Monthly maintenance fee	None
Out-of-network ATM fee	None
Excessive transaction fee	$5

Find out: Tips to avoid common bank fees

About Northpointe Bank

Established in 1999, Northpointe Bank is a Grand Rapids, Michigan-based bank that offers competitive interest rates on some balance tiers for its deposit accounts, and it charges no monthly account maintenance fees.

Northpointe offers CDs, money market and savings accounts, as well as free and interest-bearing checking accounts. The bank maintains just one branch, so out-of-area customers can expect to do most banking online. Northpointe also offers a number of home loan products.

Bank experience

Customers looking for general help with accounts will find that phone support is only available weekdays 8 a.m. to 6 p.m. Eastern time, though some automated banking services are available 24/7.

Northpointe’s app has generally received positive ratings for iOS and decent ratings for Android.

How does Northpointe Bank compare to other banks?

Northpointe Bank vs. CIT Bank

Northpointe and CIT banks both offer a wide range of deposit products, including CDs as well as checking, money market and savings accounts. Generally, CIT Bank offers higher yields (with much lower balance requirements) on its deposit products.

Since Northpointe Bank has just one branch in Michigan, customers will need to be comfortable solely banking online (which is also the case for CIT Bank).

Learn more: The best banks of 2024

Northpointe Bank FAQs

Northpointe Bank is best for local customers in the Grand Rapids, Michigan, area. Otherwise, customers must be comfortable completely banking online.
Yes, Northpointe Bank is FDIC-insured, up to the limit allowed by law: $250,000 per depositor, per account, for each FDIC ownership category.
Yes, Northpointe Bank was established in 1999 and continues to be FDIC-insured.
Northpointe Bank is owned by Northpointe Bancshares, Inc.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Date	Northpointe Bank APY	National average APY
04/16/2024	3.25%	0.58%
04/09/2024	3.25%	0.58%
04/02/2024	3.25%	0.58%
03/26/2024	3.25%	0.57%
03/19/2024	3.25%	0.57%
03/12/2024	3.25%	0.57%
03/05/2024	3.25%	0.57%
02/27/2024	3.25%	0.58%
02/20/2024	3.25%	0.58%
02/13/2024	3.25%	0.58%
02/06/2024	3.25%	0.58%
01/30/2024	3.25%	0.58%
01/23/2024	3.25%	0.58%
01/16/2024	3.25%	0.58%
01/09/2024	3.25%	0.58%
01/02/2024	3.25%	0.58%
12/26/2023	3.25%	0.57%
12/12/2023	3.25%	0.57%
12/05/2023	3.25%	0.57%
11/28/2023	3.25%	0.60%
11/21/2023	3.25%	0.60%
11/14/2023	3.25%	0.60%
11/07/2023	3.25%	0.60%
10/31/2023	3.25%	0.58%
10/24/2023	3.25%	0.58%
10/17/2023	3.25%	0.58%
10/10/2023	3.25%	0.58%
10/03/2023	3.25%	0.58%
09/26/2023	3.25%	0.57%
09/19/2023	3.25%	0.57%
09/12/2023	3.25%	0.57%
09/05/2023	3.25%	0.57%
08/29/2023	3.25%	0.54%
08/22/2023	3.25%	0.54%
08/15/2023	3.25%	0.54%
08/08/2023	3.25%	0.54%
08/01/2023	3.25%	0.54%
07/25/2023	3.25%	0.54%
07/18/2023	3.25%	0.54%
07/11/2023	3.25%	0.54%
07/04/2023	3.25%	0.54%
06/27/2023	3.25%	0.49%
06/20/2023	3.25%	0.49%
06/13/2023	3.25%	0.49%
06/06/2023	3.25%	0.49%
05/30/2023	3.25%	0.46%
05/23/2023	3.25%	0.46%
05/16/2023	3.25%	0.46%
05/09/2023	3.25%	0.46%
05/02/2023	3.25%	0.46%
04/25/2023	3.25%	0.43%

Date	Northpointe Bank APY	National average APY
04/16/2024	2.15%	1.42%
04/09/2024	2.15%	1.42%
04/02/2024	2.15%	1.42%
03/26/2024	2.15%	1.43%
03/19/2024	2.15%	1.43%
03/12/2024	2.15%	1.43%
02/27/2024	2.15%	1.42%
02/20/2024	2.15%	1.42%
02/13/2024	2.15%	1.42%
02/06/2024	2.15%	1.42%
01/30/2024	2.15%	1.43%
01/23/2024	2.15%	1.43%
01/16/2024	2.15%	1.43%
01/09/2024	2.15%	1.43%
01/02/2024	2.15%	1.43%
12/26/2023	2.15%	1.43%
12/12/2023	2.15%	1.43%
12/05/2023	2.15%	1.43%
11/28/2023	2.15%	1.45%
11/21/2023	2.15%	1.45%
11/14/2023	2.15%	1.45%
11/07/2023	2.15%	1.45%
10/31/2023	2.15%	1.46%
10/24/2023	2.15%	1.46%
10/17/2023	2.15%	1.46%
10/10/2023	2.15%	1.46%
10/03/2023	2.15%	1.46%
09/26/2023	2.15%	1.43%
09/19/2023	2.15%	1.43%
09/12/2023	2.15%	1.43%
09/05/2023	2.15%	1.43%
08/29/2023	2.15%	1.38%
08/22/2023	2.15%	1.38%
08/15/2023	2.15%	1.38%
08/08/2023	2.15%	1.38%
08/01/2023	2.15%	1.38%
07/25/2023	2.15%	1.35%
07/18/2023	2.15%	1.35%
07/11/2023	2.15%	1.35%
07/04/2023	2.15%	1.35%
06/27/2023	2.15%	1.33%
06/20/2023	2.15%	1.33%
06/13/2023	2.15%	1.33%
06/06/2023	2.15%	1.33%
05/30/2023	2.15%	1.30%
05/23/2023	2.15%	1.30%
05/16/2023	2.15%	1.30%
05/09/2023	2.15%	1.30%
05/02/2023	2.15%	1.30%
04/25/2023	2.15%	1.29%

Northpointe Bank Review 2024

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

Northpointe Bank banking products

Northpointe Bank savings overview

Pros

Cons

Rate history for Northpointe Bank's Savings account

Northpointe Bank CD overview

Pros

Cons

Rate history for Northpointe Bank's CD accounts

Northpointe Bank money market overview

Pros

Cons

Northpointe Bank checking overview

Pros

Cons

Bank fees

About Northpointe Bank

Bank experience

How does Northpointe Bank compare to other banks?

Northpointe Bank vs. CIT Bank

Northpointe Bank FAQs

Who is Northpointe Bank best for?

Is Northpointe Bank safe?

Is Northpointe bank a legit bank?

Who is Northpointe Bank owned by?

Review methodology

Up next