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  Northpointe Bank Ultimate Savings Account

Northpointe Bank Ultimate Savings Account

in Savings Accounts from Northpointe Bank · fdic

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Northpointe Bank Ultimate Savings Account

Unaffiliated

in Savings Accounts from Northpointe Bank · Member FDIC

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Highlights
Monthly Fee N/A
APY (Annual Percentage Yield) 0% - 0.35%
APY Minimum Balance $5,000

Northpointe Bank Ultimate Savings Account Review

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

Key Takeaways
  • Higher than average APY. Northpointe Bank Ultimate Savings Account has an annual percentage yield of up to 0.35%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $5000.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
Northpointe Bank savings account Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in 17 states.
  • Higher than average wire transfer fees.
Northpointe Bank 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 savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Northpointe Bank savings account?

The minimum deposit to open a Northpointe Bank savings account is $100.
Northpointe Bank Ultimate Savings Account Minimums
Description
APY Minimum Balance $5,000
Minimum Opening Deposit Starting at $100

What APY does Northpointe Bank offer?

Northpointe Bank savings account offers an APY and ranging up to 0.35% (APY stands for annual percentage yield, rates may change).

What fees does Northpointe Bank savings account charge?

Northpointe Bank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Outgoing international bank transfers come with a $60 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Northpointe Bank savings account charges a $10 fee for an early account closure. Contact Northpointe Bank savings account for more details on what is considered an early closure.
  • Northpointe Bank savings account charges $5 every time you request a paper statement.

What features and perks does Northpointe Bank savings account offer?

This savings account includes the following features:

  • Fraud monitoring - Northpointe Bank savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - Northpointe Bank savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Northpointe Bank savings account?

In most cases, the answer is yes. 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 savings account?

The customer support email for Northpointe Bank savings account is support@northpointe.com.

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Other Services by Northpointe Bank

Availability

  Available in 17 states
  • Alabama
  • California
  • Colorado
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Kentucky
  • Maryland
  • Michigan
  • North Carolina
  • Ohio
  • South Carolina
  • Texas
  • Utah
  • Virginia
  • Washington

Feature Breakdown

APY Minimum Balance $5,000
Minimum Opening Deposit Starting at $100
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Early Account Closure $10
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $60
Bauer Financial A+/A Rating
Account Features
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
APY (Annual Percentage Yield) 0% - 0.35%

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