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Northpointe Bank Review 2022

Updated November 15, 2022
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At a glance

4.4
Rating: 4.4 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 4.2 stars out of 5

Checking

Rating: 4.4 stars out of 5

Savings

Rating: 4.2 stars out of 5

MMA

Rating: 4.2 stars out of 5

About Bankrate Score

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Overview

This Michigan-based regional bank is good for consumers looking for competitive annual percentage yields (APYs) while paying low or no fees. However, the bank only has just one branch, so it’s not the best option for those who want to do most of their banking in-person.

Highlights

  • High APY
  • Low Fees
  • No Monthly Fees
Compare offers
Bank logo
Member FDIC
Savings Account
3.85
%
APY
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.60
%
APY
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.60
%
APY
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

Overall

Northpointe Bank is a Grand Rapids, Michigan-based bank that offers a variety of deposit products with competitive rates and charges low (if any) fees for the accounts.

Pros

  • Checkmark

    Account fees are generally low.

  • Checkmark

    Rates are competitive but not the best.

  • Checkmark

    Northpointe reimburses ATM surcharges from other banks up to $15 a month.

Cons

  • Northpointe has just one branch.

  • Customer service hours are limited.

  • High minimum balances are required to earn the highest rates on certain accounts.

Northpointe Bank bank products

4.2
Rating: 4.2 stars out of 5
Bankrate Score

Northpointe Bank savings overview

Northpointe Bank's Ultimate Savings Account offers a competitive interest rate without the pesky monthly fees that some other banks charge. At least $5,000 is required, however, to earn the best available rate. Northpointe also offers an exceptional APY for its Kid’s Savings Account, but the rate drops drastically on balances above $10,000.

Pros

  • Checkmark

    Northpointe offers a competitive APY well above the national average.

  • Checkmark

    Accounts can be opened with just $100.

  • Checkmark

    There are no monthly service fees.

Cons

  • At least $5,000 is needed in the Ultimate Savings Account to get the highest APYs.

  • Accounts closed within the first 120 days are subject to a $10 fee.

Compare Offer
Bank logo
Member FDIC
Savings Account
3.85
%
APY
Rating: 4.4 stars out of 5
InfoHover for more
$0
Min balance for APY

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 does not yet offer customizable account alerts.

About Northpointe Bank

Northpointe Bank is a Grand Rapids, Michigan-based bank that offers competitive interest rates to its banking customers and charges low or no fees on its accounts.

Established in 1999, the regional bank offers checking accounts, money market accounts, CDs and savings accounts. Northpointe, however, has but one branch, so out-of-area customers can expect to do most banking online. Northpointe Bank also offers a number of home loan options.

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.