At a glance

4.4

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

High APY
ATM Fee Refunds
No Monthly Fees

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Member FDIC

Savings Account

4.30

%

APY

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

As of 12/3/2023

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: It only takes about 5 minutes to open a fee-free account.

Member FDIC

Savings Account

4.30

%

APY

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

As of 12/3/2023

Bankrate Savings rating = 4.4/5

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

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Promoted offer:

Member FDIC

Savings Account

4.65

%

APY

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

As of 12/3/2023

Bankrate Savings rating = 5/5

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

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

4.5

Bankrate Score

Compare top savings rates

FEATURES

0.25% – 3.25% APY

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 12/3/2023

$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.

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.

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.

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?

Northpointe Bank savings rates

Date	Northpointe Bank APY	National average APY
11/21/2023	3.25%	0.59%
11/14/2023	3.25%	0.59%
11/07/2023	3.25%	0.59%
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%	0.42%
04/18/2023	3.25%	0.42%
04/11/2023	3.25%	0.42%
04/04/2023	3.25%	0.42%
03/28/2023	3.25%	0.39%
03/21/2023	3.25%	0.39%
03/15/2023	3.25%	0.39%
02/28/2023	3.25%	0.37%
02/21/2023	3.25%	0.37%
02/14/2023	3.25%	0.37%
02/07/2023	3.25%	0.37%
01/31/2023	3.25%	0.35%
01/24/2023	3.25%	0.35%
01/17/2023	3.25%	0.35%
01/10/2023	3.25%	0.35%
01/03/2023	3.25%	0.35%
12/27/2022	3.25%	0.30%
12/20/2022	3.25%	0.30%
12/13/2022	3.25%	0.30%
12/06/2022	3.25%	0.30%

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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 12/3/2023

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: It only takes about 5 minutes to open a fee-free account.

3.7

Bankrate Score

Compare top CD rates

FEATURES

0.35% – 2.15% APY

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 12/3/2023

$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.

Pros

A wide range of flexible term lengths are available from seven days to five years.
The minimum opening deposit 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?

Northpointe Bank CD rates

Term length

Date	Northpointe Bank APY	National average APY
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%
04/18/2023	2.15%	1.29%
04/11/2023	2.15%	1.29%
04/04/2023	2.15%	1.29%
03/28/2023	2.15%	1.27%
03/21/2023	2.15%	1.27%
03/15/2023	2.15%	1.27%
02/28/2023	2.15%	1.22%
02/21/2023	2.15%	1.22%
02/14/2023	2.15%	1.22%
02/07/2023	2.15%	1.22%
01/31/2023	2.15%	1.19%
01/24/2023	2.15%	1.19%
01/17/2023	2.15%	1.19%
01/10/2023	2.15%	1.19%
01/03/2023	2.15%	1.19%
12/27/2022	2.15%	1.13%
12/20/2022	2.15%	1.13%
12/13/2022	2.15%	1.13%
12/06/2022	2.15%	1.13%

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

5.75

%

APY

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

As of 12/3/2023

Bankrate CD rating = 4.3/5

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

$1000

Min. deposit

9 mo

Term

View offer

Promoted offer:

4.6

Bankrate Score

Compare top money market rates

Northpointe Bank money market overview

Northpointe Bank’s 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.

4.4

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.

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

Popmoney is available for person-to-person payments but there’s a charge for each transaction.
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.

Member FDIC

Checking Account

0.50

%

APY

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

As of 12/3/2023

Bankrate Checking 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

To open

$0

To avoid fees

View offer

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

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. Popmoney is available for customers looking for a P2P service.

Northpointe doesn’t have many user reviews on either the Apple App or Google Play stores, but the 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). But the online experience at CIT Bank is generally better than at Northpointe, with CIT’s mobile app, which has access to Zelle, having more favorable reviews.

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.
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.

Northpointe Bank Review 2023

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

Northpointe Bank banking products

FEATURES

Northpointe Bank savings overview

Pros

Cons

Rate history for Northpointe Bank's Savings account

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

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