Northpointe Bank Kids Savings Account

Northpointe Bank Kids Savings Account Review

Northpointe Bank Kids Savings Account is offered by Northpointe Bank, a bank founded in 1999 and based in Grand Rapids, MI. Northpointe Bank Kids Savings Account are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.50%, which is much higher than the average interest rate for a savings account.
• Small minimum initial deposit. You only need $10 to open an account.

Northpointe Bank Kids Savings Account Pros & Cons

Northpointe Bank Kids Savings Account FAQ

Are savings accounts from Northpointe Bank federally insured?

Yes, your Northpointe Bank savings accounts 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.

Does Northpointe Bank offer a signup bonus?

Northpointe Bank Kids Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Northpointe Bank Kids Savings Account?

What APY does Northpointe Bank Kids Savings Account offer?

Northpointe Bank Kids Savings Account offers a variable APY starting at 1.12% and ranging up to 1.50% (APY stands for annual percentage yield, rates may change). This is higher than the typical interest rate for online-only savings accounts, which is around 1% APY.

What fees does Northpointe Bank Kids Savings Account charge?

Northpointe Bank Kids Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

Can you set up a direct deposit to Northpointe Bank Kids Savings Account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Northpointe Bank Kids Savings Account?

The customer support email for Northpointe Bank Kids Savings Account is support@northpointe.com.