Ultimate Money Market - Earn 230 - Northpointe Bank

Earn 20x the national average savings rate**

Rate guaranteed for at least 24 months

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Features + Benefits

Great rate
Mobile check deposit
Customer service

Frequently asked questions

1. Are you FDIC insured?

Yes, Northpointe Bank is FDIC insured. Our FDIC number is #34953.

2. Does the promotional rate apply to the full balance or just the amount over $25,000?

The 2.30% APY applies to the full balance if the balance is between $25,000 - $1,000,000.

3. How can I move money in and out of the account?

There are several options for moving funds in and out of the account:

Deposits In

  • Mobile Check Deposit via our Mobile Banking App
  • ACH in initiated from your bank, credit union or PayPal/Venmo type service
  • Wire transfer in
  • Mail us a personal check, cashier’s check, or bill pay check
  • ACH initiated from within Northpointe Bank’s Online Banking (up to $25,000 per day)

Withdrawals Out

  • ACH out initiated from your bank, credit union or PayPal/Venmo type service
  • Wire transfer out (fee applies)
  • We can mail you cashier’s check via USPS delivery (fee applies)
  • ACH initiated from within Northpointe Bank’s Online Banking (up to $25,000 per day)

4. Can the account be opened in the name of a trust?

Yes, we allow accounts to be titled in the name of a trust.  As an alternative, you can also designate the trust as a beneficiary. 

5. Do you offer checks, debit card, or bill pay on this account?

Yes, we offer checks, bill payment and debit cards on this accounts. These services can be requested after account opening via our Customer Service team. There is a nominal fee for checks.

6. What are the fees and minimum balance requirements?

There is no monthly maintenance fee or minimum balance requirement to avoid a fee. The minimum balance to earn the 2.30% APY is $25,000 - $1,000,000. Our full fee schedule can be reviewed here: https://www.northpointe.com/fee-schedule/

7. How is the interest calculated and when is it credited?

Interest is calculated on the daily balance and credited monthly at month-end. Account closed mid-month will earn all accumulated interest.

8. Is this account available on business or non-profit accounts?

No, this offer is limited to consumer accounts and is not available on business, non-profit or public funds deposit accounts.

*Annual Percentage Yield effective 10/12/18. After the twenty four (24) month promotion period, rate may change based on Prevailing market rates. Promotional interest rate applies to accounts with balances between $25,000.00 - $1,000,000.00. Rates are subject to change without notice. Tier 1 $0.00 – $2,499,99: 0.20% APY; Tier 2 $2,500.00 - $24,999.99: 0.25% APY; Tier 3 $25,000.00 -$1,000,000.00: 2.30% APY; Tier 4 $1,000,000.01+: 0.50% APY. Fees may reduce earnings on the account. All new accounts are subject to Northpointe Bank approval. Not valid with any other offers. **Based on a bankrate.com survey completed 10/12/18.