Northpointe Bank Top 3 Year CD

Northpointe Bank still offers their top cd rates for their current 3-year certificate of deposit promo that does not charge an early withdrawal fee after the account’s 18th month. The best cd rate of 1.80% APY dropped a bit compared to last month’s cd rates but it is still one of the top 3 Year certificate of deposits in Michigan.

Look for the Compass CD promo on the bank’s website. To enjoy these highest interest rates, you are required deposit at least $5000 in new money.

The promo certificate of deposit will convert into an 18-month CD in case you decide to take out some money on or before 18 months. The current interest rate for their 18 month CD is 1.35% APY.

Take note that the CDs are for Michigan residents only. According to a bank representative, consumers can open an account via mail without you having to visit a branch. The interest rates will lock upon receipt of the initial funds. You can also send in the money by wire transfer which is the faster option instead of sending in a check.

This bank only operates one office in Grand Rapids. You can contact the bank thru 888-672-5626 if you have questions with regard to their certificate of deposit rates and other savings opportunities.

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.