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PurePoint Financial Review 2023

Updated March 23, 2023
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At a glance

2.9
Rating: 2.9 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 3.1 stars out of 5

Savings

Rating: 2.9 stars out of 5

About Bankrate Score

Overview

PurePoint Financial is closing in late April 2023. It does not appear that PurePoint Financial is offering new accounts due to this news.

Highlights

  • No Monthly Fees
Compare offers
Info
Bank logo
Member FDIC
Savings Account
4.25
%
APY
APY
Info
As of 6/10/2023
Rating: 5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: Plus, no monthly fees and unlimited free external transfers
Bank logo
Member FDIC
Savings Account
4.30
%
APY
APY
Info
As of 6/10/2023
Rating: 5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: Savings Products with Competitive Rates and No Minimum Deposit
Bank logo
Member FDIC
Savings Account
4.00
%
APY
APY
Info
As of 6/10/2023
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: It only takes about 5 minutes to open a fee-free account.

Overall

PurePoint is an online-only bank that offers a savings account and a range of CD terms, including no-penalty CDs.

Pros

  • Checkmark

Cons

PurePoint Financial banking products

2.9
Rating: 2.9 stars out of 5
Bankrate Score
Invest Rate
0.40% APY
Info
Loan
$10,000 minimum deposit to open

PurePoint Financial savings overview

You should close your PurePoint Financial savings account as soon as possible. The bank is closing in late April. But if you don’t close your account, PurePoint Financial will mail you a check to the address that it has on file for you.

Pros

  • Checkmark

Cons

Compare Offer
Info
Bank logo
Member FDIC
Savings Account
4.25
%
APY
APY
Info
As of 6/10/2023
Rating: 5 stars out of 5
Info
$0
Min balance for APY
View offer Arrow Right
Promoted offer: Plus, no monthly fees and unlimited free external transfers

Bank experience

Your CD will be closed and you won’t incur an early withdrawal penalty if your PurePoint Financial CD matures after late April 2023. 

CDs renewing before PurePoint Financial closes will be closed when they mature and a check will be mailed to the address on file. 

You will be charged an early withdrawal fee if you close your CD before PurePoint Financial actually closes.

About PurePoint Financial

PurePoint Financial is closing in late April 2023. It does not appear that PurePoint Financial is offering new accounts due to this news.

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.