Northpointe Bank Ultimate Money Market Account

Northpointe Bank Ultimate Money Market Account Review

Northpointe Bank Ultimate Money Market Account is offered by Northpointe Bank, a bank founded in 1999 and based in Grand Rapids, MI. Northpointe Bank Ultimate Money Market Account are available in 17 states across the USA.

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.35%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $2500.
• $0 monthly fee. This account does not charge any monthly account fees.
• Small minimum initial deposit. You only need $100 to open an account.

Pros & Cons of Northpointe Bank Ultimate Money Market Account

Northpointe Bank Ultimate Money Market Account FAQ

Are money market accounts from Northpointe Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Northpointe Bank money market rates?

Northpointe Bank money market offers an APY starting at 0.25% and ranging up to 0.35% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

What are the fees for Northpointe Bank Ultimate Money Market Account?

Northpointe Bank Ultimate Money Market Account does not charge a monthly maintenance fee.

What is the minimum balance for Northpointe Bank money market?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Northpointe Bank money market offer?

This account includes the following features:

• Fraud monitoring - Northpointe Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Northpointe Bank money market allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is (888) 672-5626.

What is the support contact email?

The support contact email for this business credit card is support@northpointe.com.

How to open an account with Northpointe Bank

• Visit the Northpointe Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.