The bank offers 10 different terms of certificates for customers to choose from. The rates offered are competitive, although you’ll need at least $1,000 to open one. If you take your money out before maturity, early withdrawal penalties will apply. Northpointe doesn’t currently offer no-penalty CDs, but customers can stash their certificates in an IRA account for added tax advantages on the interest.
There are a wide range of flexible term lengths available from seven days to five years.
Northpointe’s APYs across terms are generally above the national average.
You can also access the same CD rates through an IRA account.