At a glance

4.5

Bankrate Score

CDs

Checking

Savings

MMA

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

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

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.

We want to know what you think about Northpointe Bank

Do you have experience with Northpointe Bank? Let us know your thoughts.

Northpointe Bank banking products

4.4

/5

See methodology Compare savings rates

SCORE BREAKDOWN

APY offering:

3.25%

4/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance for APY:

$1.00

5/5

The lowest deposit amount an account must have before it can earn interest.

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

5/5

The lowest balance an account must maintain in order to avoid a fee.

Access to funds:

Good

4/5

A procedure that allows an individual or organization to access and manage the funds of another account holder.

FEATURES

0.25% – 3.25% APY

APY last updated between 12/15 and 12/21.

$100 minimum balance for APY

$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

APY last updated between 12/15 and 12/21.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

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

Northpointe Bank

APY

APY last updated between 12/15 and 12/21.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

4.2

/5

See methodology Compare CD rates

SCORE BREAKDOWN

APY offering:

3.25%

4/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less.

Minimum deposit:

$1,000.00

4/5

The minimum deposit amount a financial institution requires in order to open a CD.

Range of term lengths:

1 mo – 5 yrs

5/5

A designated amount of time that funds must be held within a CD.

Early withdrawal penalty:

Good

4/5

A penalty incurred when funds have been withdrawn from a CD before its maturity date.

Offer no-penalty or bump-up CDs:

No

0/5

A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date.

Offer IRA CDs:

No

0/5

An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.

FEATURES

2.50% – 3.70% APY

APY last updated between 12/15 and 12/21.

$1,000 minimum balance for APY

$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

APY last updated between 12/15 and 12/21.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing 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

APY last updated between 12/15 and 12/21.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Compare Offer

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 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 Northpointe Bank compares to other banks

Compare different account types offered by Northpointe Bank. Annual percentage yields (APYs) shown were updated between Dec. 15, 2024 and Dec. 21, 2024.

Selected bank Northpointe Bank savings account Member FDIC Bankrate score Rating: 4.4 stars out of 5 4.4 Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable Varo Bank savings account Member FDIC Bankrate score Rating: 4 stars out of 5 4.0 Bankrate Savings rating = 4.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Search for or select a bank: Bankrate score Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Dec. 15, 2024 and Dec. 21, 2024.
3.25%	2.50%
Minimum balance for APY
$50,000.00	$1.00
Estimated earnings Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$1,625	$1,250

Northpointe Bank’s Ultimate Savings is a tiered account. Customers need $100 to open the account and begin earning interest. Yields are very low until you make at least $25,000 in deposit. Even then, higher yields can easily be found elsewhere.	Varo offers an FDIC-insured high-yield savings account. You can earn a very competitive yield on the first $5,000 and then a competitive yield on the remainder. There’s also no minimum opening deposit requirement nor a monthly fee. Varo also offers a much higher APY on savings accounts that meet certain criteria, including at least $1,000 directly deposited each month and a maximum daily balance of $5,000. Two useful tools for savings come with the account: a Save Your Pay feature and a Save Your Change feature. Save Your Pay automatically takes a percentage that you set from each directly deposited paycheck and transfers it to your savings, while Save Your Change rounds up transactions made from the checking account and transfers the spare change to savings. A Varo checking account is required to open a Varo savings account. In February 2024, Varo had a promotion where you can get your tax refund up to five days earlier, according to its website.

The Ultimate Savings account can be opened with just $100. If you have at least $25,000, you can earn a solid yield. There is no monthly fee.	The savings account offers a competitive APY There’s no minimum deposit requirement or monthly fee Automated tools help customers boost their savings People age 18 or older in all 50 states and Washington, D C can open an account with Varo	N/A
Higher yields with lower balance requirements can easily be found elsewhere. Balances under $100 don’t earn interest. Withdrawals are limited to six per month.	Varo’s online savings account only offers the highest yield for balances of $5,000 or under	N/A

Selected bank Northpointe Bank CD Member FDIC Bankrate score Rating: 4.2 stars out of 5 4.2 Bankrate CD rating = 4.2/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score.	Most comparable CIT Bank CD Member FDIC Bankrate score Rating: 4.5 stars out of 5 4.5 Bankrate CD rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate CD rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Dec. 15, 2024 and Dec. 21, 2024.
3.25%	1.85%
Minimum deposit
$1,000.00	$1,000.00
Term
1 yr	11 mos

Northpointe Bank offers a broad range of CDs. Terms range from seven days to five years. All except one special term require a $1,000 minimum deposit. Most terms offer okay yields, but higher APYs can easily be found elsewhere.	CIT Bank’s 11-month no-penalty CD offers a yield similar to some high-yield savings accounts and some one-year CDs. But unlike the latter, you can withdraw your money from this no-penalty CD, at least seven days after you open it, without incurring a penalty.

Northpointe Bank has many CDs to choose from. The $1,000 minimum deposit is relatively standard.	This no-penalty CD pays a yield that’s near what top regular one-year CDs – with a penalty – are offering. You won’t pay a penalty with this CD if you need to make an early withdrawal – after having the CD for at least seven days.	N/A
Standard CD yields range from low to OK. The 11-month CD Special, which offers the highest yield, requires a $25,000 deposit to open.	The minimum opening deposit requirement of $1,000 is higher than some online banks. You can get higher yields on savings accounts. And those savings accounts don’t have early withdrawal penalties either.	N/A

APY offering: 3.25% - 1 yr 4/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. Minimum deposit: $1,000.00 4/5 The minimum deposit amount a financial institution requires in order to open a CD. Range of term lengths: 1 mo - 5 yrs 5/5 A designated amount of time that funds must be held within a CD. Early withdrawal penalty: Good 4/5 A penalty incurred when funds have been withdrawn from a CD before its maturity date. Offer no-penalty or bump-up CDs: No 0/5 A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. Offer IRA CDs: No 0/5 An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.	Bankrate does not currently track additional product details for this bank.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. The minimum deposit amount a financial institution requires in order to open a CD. A designated amount of time that funds must be held within a CD. A penalty incurred when funds have been withdrawn from a CD before its maturity date. A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. An IRA account which consists of CDs that typically earns fixed interest over a specified period of time. Bankrate does not currently track additional product details for this bank.

Selected bank Northpointe Bank money market account Member FDIC Bankrate score Rating: 4.4 stars out of 5 4.4 Bankrate Money Market rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable EverBank money market account Member FDIC Bankrate score Rating: 4.5 stars out of 5 4.5 Bankrate Money Market rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate Money Market rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Dec. 15, 2024 and Dec. 21, 2024.
3.25%	4.00%
Minimum balance for APY
$25,000.00	$0.00
Estimated earnings Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$1,625	$2,000

Northpointe Bank’s Ultimate Savings is a tiered account. Customers need $100 to open the account and begin earning interest. Yields are very low until you make at least $25,000 in deposit. Even then, higher yields can easily be found elsewhere.	The EverBank Performance℠ Savings account earns a competitive yield on all balances. The account comes without monthly fees or minimum balance requirements. There is also no minimum opening requirement, making the account highly accessible to everyone.

The Ultimate Savings account can be opened with just $100. If you have at least $25,000, you can earn a solid yield. There is no monthly fee.	The Performance℠ Savings account offers a robust yield on all balances. There are no monthly maintenance fees or minimum balance requirements.	N/A
Higher yields with lower balance requirements can easily be found elsewhere. Balances under $100 don’t earn interest. Withdrawals are limited to six per month.	The account doesn’t come with an ATM card, so banking for this account must be done online or the bank’s mobile app.	N/A

APY offering: 3.25% 4/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance for APY: $1,000.00 4/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Check writing: Yes 5/5 The ability to write a certain amount of checks within a statement cycle. Debit/ATM access: Great 5/5 The ability to withdraw funds from an account through the use of debit or ATM card	APY offering: 4.00% 4/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance for APY: $0.00 5/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Check writing: Yes 5/5 The ability to write a certain amount of checks within a statement cycle. Debit/ATM access: Great 5/5 The ability to withdraw funds from an account through the use of debit or ATM card	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. The lowest deposit amount an account must have before it can earn interest. A monthly charge a financial institution deducts from an account if certain requirements are not met. The lowest balance an account must maintain in order to avoid a fee. The ability to write a certain amount of checks within a statement cycle. The ability to withdraw funds from an account through the use of debit or ATM card Bankrate does not currently track additional product details for this bank.

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 Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Northpointe Bank APY APY last updated between 12/15 and 12/21. APY last updated between 12/15 and 12/21	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
10/01/2024	3.25%	0.57%
09/03/2024	3.25%	0.61%
05/07/2024	3.25%	0.59%
04/02/2024	3.25%	0.58%
03/05/2024	3.25%	0.57%
01/02/2024	3.25%	0.58%
12/26/2023	3.25%	0.56%

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Northpointe Bank APY APY last updated between 12/15 and 12/21. APY last updated between 12/15 and 12/21	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
12/03/2024	3.70%	1.41%
10/15/2024	3.70%	1.42%
10/08/2024	3.80%	1.42%
10/01/2024	4.00%	1.42%
09/17/2024	4.00%	1.43%
09/03/2024	4.15%	1.43%
08/27/2024	4.30%	1.44%
08/06/2024	2.15%	1.44%
07/02/2024	2.15%	1.42%
06/04/2024	2.15%	1.43%
04/02/2024	2.15%	1.42%
03/12/2024	2.15%	1.43%
02/06/2024	2.15%	1.42%
01/02/2024	2.15%	1.43%
12/26/2023	2.15%	1.41%

Northpointe Bank Review 2024

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

We want to know what you think about Northpointe Bank

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 Northpointe Bank compares 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