GRAND RAPIDS, MICHIGAN (July 21, 2017) – Today, Northpointe Bank announced a 15 month CD interest rate of 1.60% APY1.

This announcement comes shortly after Northpointe Bank doubled the maximum account balance eligible to earn  5.00% APY2 on their UltimateAccount.

“Northpointe Bank’s focus is providing value for our clients and we pride ourselves on that,” said Bill Clancy, Vice President of Deposit Banking at Northpointe Bank.  ‘While most financial institutions simply offer free checking accounts with few rewards we believe that giving clients better options in how they invest their money to be the best way to build a loyal customer base. “

Northpointe Bank’s special rate is available nationally and can be opened by contacting us at (888) 672-5626.

Northpointe Bank, headquartered in Grand Rapids, Michigan, is client-focused company that provides home loans and deposit banking products to communities across the country.  Our mission is to be the best bank in America by bringing value and innovation to the people we serve.  This includes Northpointe’s industry-leading UltimateAccount, a free rewards checking account that earns 5.00% APY2 along with free ATM refunds and complete mobile banking access.  For each of the past four years, Independent Community Bankers of America has ranked Northpointe Bank  as a best performing bank in the nation among peer banks and according to the bank’s return-on-equity.3  To find out more, visit www.northpointe.com­­.  Member FDIC – Equal Housing Lender.

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1$1,000 minimum deposit to open, and must be opened with funds not currently on deposit at Northpointe Bank. Not valid with any other offers. Promotion may be withdrawn at any time.  Offer is available for personal, business and non-profit accounts (not available for municipal deposits). Penalty for early withdrawal.

2 UltimateAccount annual percentage is 5.00% on balances up to $10,000.  Balances above $10,000 earn a simple interest rate of 0.10% with a corresponding APY of 2.54% – 5.00% APY.  If qualifications are not met during the statement period, the full account balance will earn interest at 0.05% APY for that statement period.  Qualifications include 15 or more debit card purchases that post and settle per the statement period, enrollment in eStatements and direct deposit or automation withdrawal of $100 or more per statement period.  $100 minimum deposit required to open.  No minimum balance requirement.  APY is effective as of 06/05/2017 and has not changed since 12/19/2014.  New accounts subject to approval.  Rates are subject to change including after the account is opened.

3Source:  For 2013-2016, ICBA’s Independent Banker ranked Northpointe Bank as one of the best performing banks among its peers based on asset size and return-on-equity.

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