Update 02/06/2018: Northpointe Bank has lowered the Interest Rate for the Ultimate Account from 5% to 1%.We received confirmation from CSR that this is a permanent decision, and they have sent out a letter letting account holders know that these changes will become effective starting March 01, 2018. They are still offering Ultimate Savings (1.12% APY) & Money Market (0.40% on balances $25,000-$1,000,000) accounts.
Available nationwide, Northpointe Bank was offering you an attractive rate offer on their Rewards Checking UltimateAccount. They were previously offering you a 5.00% APY on balances up to $10,000 when you follow a few simple requirements, however now they are offering you a 1.00% APY. Also, once you become a member, you can enjoy great features such as 24/7 access to online banking, mobile banking, and bill pay. Make sure you read below to get more details!
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Northpointe Bank Rewards Checking:
- Learn More
- Account Type: Ultimate Checking Account
- Interest Rate: 1.00% APY
- Minimum Balance: $0.01
- Maximum Balance: $10,000
- Availability: Nationwide (Bank Locator)
- Expiration Date: None, but changes are effective as of 03/01/2018
- Credit Inquiry: Soft Pull
- Opening Deposit: $100 minimum
- Credit Card Funding: Up to $100
- Direct Deposit Requirement: None
- Monthly Fee: None
- Additional Requirements: Enroll in e-statements and have $1,000 or more in debit card purchases
- Closing Account Fee: $10 if account is closed within 120 days of the date opened
- Insured: FDIC
How To Earn Up to 1.00% APY Rate:
- Make $1,000 or more in debit card purchases (PIN or signature based) that post or settle during the statement period.
- Then enroll in e-Statements.
Note: Non-Qualified Balances will earn an Interest Rate of 0.05% and an APY Rate of 0.05%.
Bottom Line:
If you are currently in the market looking for a reliable place to stash your funds, you may want to check out other banks or credit unions. Northpointe Bank’s previous 5% APY Rate was good, however their new 1% Rate is no longer worth it. However, we have composed a list of great accounts where you’re able to earn a high rate, so make sure you check out our Best Bank Rates!
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