0.65% APY

Earn more on your savings with northpointe bank

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*Annual Percentage Yield effective 03/22/22. Rates are subject to change without notice. 0.65% APY paid on balances between $25,000.00 - $3,000,000.00. Fees may reduce earnings on the account. All new accounts are subject to Northpointe Bank approval. Not valid with any other offers. For the last three years, Northpointe Bank is consistently higher than the national average savings rate on balances $5,000 and above, based on quarterly rate surveys extracted by NCUA from S&P Global Market Intelligence databases. National average bank and credit union rates based on data extracted from NCUA.gov and Bankrate.com as of 12/31/21.

 

Estimate how much you could earn in a year

Earn more than the national average on your savings!

Savings comparison graph

Graph above based on a $100,000.00 account balance per year. National average and average bank and credit union rates based on data extracted by NCUA from S&P Global Market Intelligence databases on 12/31/21

Features + Benefits

Great rate
Mobile check deposit
100% US-Based Customer service

Frequently asked questions

1. I applied during the period of time the top Ultimate Money Market rate was 0.90% APY. Now, this page shows 0.65% APY. What is my rate?

For anyone that applied by 11:59pm ET on 04/25/22 and opens their account no later than 05/31/22, the terms of our 0.90% APY Ultimate Money Market promotion apply. For applications submitted on or after Tuesday, April 26, the top rate of 0.65% APY applies.

2. I started my application before 11:59pm ET on 04/25/22 but did not complete my application OR my application is complete but my account is not yet setup. Will I still receive the 0.90% APY terms?

Yes, all applications submitted by 11:59pm ET on 04/25/22 where the account is opened no later than 05/31/22, will receive the terms of our 0.90% APY Ultimate Money Market promotion.

3. Where can I view my interest rate?

Please click here to log into our Online Banking site. Once logged in, click your Ultimate Money Market account to view the current interest rate.

4. Are you FDIC insured?

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

5. Does the rate apply to the full balance?

The 0.65% APY applies to the full balance if the balance is between $25,000 - $3,000,000.

6. 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

  1. Mobile Check Deposit via our Mobile Banking App – transaction limits vary by account
  2. ACH in initiated via our External Transfer service within Online Banking – up to $25k per day & $250k per month
  3. ACH in initiated from your bank, credit union or PayPal/Venmo type service – no transaction limits
  4. Wire transfer in – no transaction limits
  5. Mail us a personal check, cashier’s check, or bill pay check – no transaction limits

Withdrawals Out

  1. ACH out initiated via our External Transfer service within Online Banking – up to $25k per day & $250k per month
  2. ACH out initiated from your bank, credit union or PayPal/Venmo type service – no transaction limits
  3. Wire transfer out (fee applies) – no transaction limits
  4. We can mail you cashier’s check via USPS delivery (fee applies) – no transaction limits

7. 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. 

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

Yes, our money market account allows for checks, debit cards and bill pay. Checks and debit cards are not automatically ordered with money market accounts. Contact the personal banker coordinating your new account opening to request these services. A fee for check orders may apply.

9. What are the fees and minimum balance requirements?

There is no monthly maintenance fee or minimum balance requirement to avoid a fee. Our full fee schedule can be reviewed here: https://www.northpointe.com/fee-schedule/

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

Interest is calculated on the daily balance and credited monthly on the last business day of each month.

11. Is the Ultimate Money Market a checking or savings account?

Although it’s typically used as a savings account, it is technically a checking account. When setting up any linked external accounts, direct deposits, or automatic withdrawals be sure to classify the Northpointe Bank Ultimate Money Market as a “checking” account.

12. Is this promotion also available on business or non-profit accounts?

This promotion is available on personal, business and non-profit accounts. It is not available on Individual Retirement Accounts (IRA).

13. I’m an existing Ultimate Money Market/Ultimate Savings account customer with you. Am I eligible for this promotion?

Absolutely. Contact us and we’ll apply the promotional terms to your existing account.

**For the last three years, Northpointe Bank is consistently higher than the national average savings rate on balances $25,000 and above, based on quarterly rate surveys extracted by NCUA from S&P Global Market Intelligence databases. National average bank and credit union rates based on data extracted from NCUA.gov and Bankrate.com on 12/31/21.