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.