Northpointe Bank Tops 3 Year CD Rates

Northpointe Bank has 3-year certificate of deposit with an annual percentage yield (APY) of 2.1%. Other details of Northpointe certificate of deposits include:

  • Withdraw funds after 18 months without a penalty
  • $5,000 minimum deposit required to open account
  • CD must be opened with funds not currently deposited at Northpointe Bank
  • Deposits insured by Federal Deposit Insurance Corp. (FDIC) up to $250,000
  • CD rate not valid with other offers
  • Automatically renewable upon maturity

Northpointe Bank has other certificates of deposit with terms ranging from 6 months to 5 years or more. Other CD rates include:

  • 1% APY for 6 to 11 months
  • 1.35% APY for 12 to 17 months
  • 1.55% APY for 18 to 23 months
  • 1.7% APY for 24 to 29 months
  • 2.4% for 48 to 59 months
  • 2.7% for 60 months

The bank also offers a high yield money market account with a 1.4% APY. The money market requires a minimum deposit of $100,000. Northpointe Bank is based in Grand Rapids, Mich., and is locally owned and operated. If you live outside of Michigan you can call the bank to find out rates for your state.

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