individual retirement accounts

Features and Benefits

Fixed rate of interest for length of term
Flexible maturities range from 6 months to 5 years or more
Deposits are insured to $250,000.00 per account classification by the Federal Deposit Insurance Corporation (FDIC)
Competitive interest rates. Certificates of $10,000.00 or more typically earn a higher rate of interest.
Ten day grace period at maturity for most certificates
Automatically renewable at maturity into a like term at the prevailing market rate
Automatic Required Mandatory Distributions to a Northpointe Bank deposit account or ACH to another financial institution

Account Service Fees
No monthly or annual maintenance fees

Interest Paid
Interest will be compounded monthly and credited to the certificate monthly.

Withdrawals
Withdrawals from a certificate prior to maturity are subject to a substantial withdrawal penalty*.

*Required Mandatory Distributions are not subject to bank early withdrawal penalties.