Liquid High Yield Money Market Account

Online Savings benefits & features

Open with as little as $1,000. Earn a great rate with any balance.

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• What is the Liquid Money Market Account?

  The Liquid Money Market Account is a high yield savings account with 24-hour availability.  The Liquid Money Market Account is able to offer a high yield due to the lower costs associated with a pure online entity.

• Is my money insured?

  Deposits at Northpointe Bank are FDIC insured to the maximum allowed by law. 

• What are considered business days?

  Monday through Friday, excluding holidays.

• What does ACH stand for?

  Automated Clearing House. It is a direct deposit or withdrawal from one account to another that is routed through the Federal Reserve.

• What are Northpointe Bank’s hours of operation?

  Your Northpointe account is available 24 hours a day, 7 days a week by visiting www.northpointe.com.

• How do I contact Northpointe?

  Call Us
  Customer Service
  If you would like to speak with a Customer Service representative, call 877-667-8441 Monday thru Friday 9 a.m. – 5 p.m.   
  Mail  
  You can contact us by mailing correspondence to the following address:
  
  Northpointe Bank
  3333 Deposit DR NE
  Grand Rapids MI 49546

• How much do I need to open my Liquid Money Market Account?

  You can open your account with $1000.00 and then there is not minimum to maintain.

• Once I complete my online application, how long will it take to receive a decision regarding my Liquid Money Market Account?

  Typically, you will receive a decision within two business days of completing your online application.

• Can I open a joint account?

  Yes.  Simply select Joint Account during the application process.

• Can I open my Liquid Money Market Account with a check?

  Yes.  The online application process includes information on how to make your initial deposit by check.

• How will I know when my account is open?

  You will receive an online notification via email from Northpointe Bank when your account has been activated.

• How long will it take for me to complete the online application?

  It only takes a few minutes to open your Liquid Money Market Account.

• Can I apply by mail?

  No.  This is a web-based product, and the application process is online.

• Will my Liquid Money Market application affect my credit score?

  No.  The application process does not affect your credit score.

• What is Backup Withholding?

  Interest payments to you may be subject to "backup withholding." Under the IRS's backup withholding rules, we must withhold a certain percentage on payments to you if:
  You have not given us your taxpayer identification number in the required manner,
  The IRS has notified us that the taxpayer identification number you provided is incorrect.
  The IRS has notified us to start withholding on interest and dividends because you had not reported all of your interest or dividend income in prior years; or
  You have not certified that you were not subject to backup withholding on interest and dividends.
  For more information, see Topic 307 at www.irs.gov.

• Is this an introductory rate?

  No, this is a variable rate that is subject to change.

• Who is eligible for this rate?

  All Liquid Money Market Account customers are eligible for this rate.

• Is there a minimum balance requirement?

  No, you are not required to maintain a minimum balance.

• What will your rate be in the future?

  Our rate is typically determined based on market conditions such as, but not bound by, the Federal Funds rate. We strive to maintain a competitive rate.