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.

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.

What APY does Northpointe Bank offer?

Northpointe Bank Ultimate Savings Account offers an APY starting at 1.12% and ranging up to 1.95% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What features and perks does Northpointe Bank Ultimate Savings Account offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Fraud monitoring - Northpointe Bank Ultimate 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.

What fees does Northpointe Bank Ultimate Savings Account charge?

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

• Outgoing domestic bank transfers come with a $20 fee.
• Outoing 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 Ultimate Savings Account charges a $10 fee for an early account closure. Contact Northpointe Bank Ultimate Savings Account for more details on what is considered an early closure.