Interested in seeing serious returns on your savings without the risks associated with the stock market or the lengthy lock-in terms of traditional certificates of deposit (CDs)? High yield savings accounts (HYSA) have become a popular solution thanks to their higher-than-average interest rates while still offering easy cash access. Online banks, like the award-winning Northpointe Bank, often offer the best rates combined with top features and flexibility to suit today’s tech-forward customers. In this review, we’ll break down the basics of opening a HYSA with Northpointe Bank, including the terms, rates, rewards and more to help you understand if it makes sense to move your money stat.
| Highlights |
|---|
| Earn up to 4.12% APY on savings |
| No account fees |
| $1 minimum deposit |
| Community-driven bank for over 25 years |
| 24/7 online access to funds |
About Northpointe Bank
Since 1999, Northpointe Bank has been committed to prioritizing their customers’ needs by offering great savings rates, flexible home loan options, and convenient, tech-driven banking solutions. Recognized as one of the nation’s top community banks, Northpointe combines award-winning performance with personalized care—helping people across the country reach their financial goals with confidence.
To make their innovative and community-driven service even more accessible to customers nationwide, Northpointe Bank has partnered with the secure Raisin platform. By opening a Northpointe Bank account through Raisin, customers can gain access to exclusive annual percentage yields (APYs) with as little as $1 minimum deposit, plus other attractive perks.
Combining the ease of a 24/7 streamlined platform with the high returns and reliability of an award-winning institution, Northpointe Bank and Raisin make it easier than ever to see your savings grow in real-time.
| Pros | Cons |
|---|---|
| High interest rates that help your savings grow faster than traditional bank accounts | No branch access |
| Exclusive APYs offered through Raisin; often higher than opening directly | Can’t withdrawal or deposit cash directly |
| No fees to open or maintain your account through Raisin | |
| Trusted, award-winning, community-driven institution | |
| Low minimum deposit requirement—only $1—making it easy to get started | |
| FDIC insured through Northpointe Bank, up to $250,000 per depositor | |
| Simple online account management through the secure Raisin dashboard | |
| Advanced cybersecurity features, including multi-factor authentication, encryption & more | |
| Potential cash bonuses offered through Raisin for opening an account |
Northpointe Bank Savings Accounts
To best serve a variety of savers, Northpointe Bank offers multiple different types of accounts with variable terms, including checking and savings accounts, money markets, CDs, health savings accounts and individual retirement accounts, as well as competitive lending options.
But customers looking for the best interest rates combined with the most flexibility will want to seriously consider opening a Northpointe Bank HYSA offered exclusively through the Raisin platform.
This particular HYSA account offers higher rates, lower minimums and added perks only available through Raisin, like:
- $1 minimum deposit
- No transaction limits
- No added account management fees from Raisin
- FDIC-insurance through a trusted institution
- 24/7 access to your funds and statements from a central dashboard
- Flexibility to open multiple accounts/products under same login
- State-of-the-art cybersecurity features, including monitoring and encryption
- Possible cash offers for new customers
As an industry leading digital marketplace for high yield accounts, Raisin connects customers with trusted banks and credit unions they may not always have access to, including community-driven institutions like Northpointe Bank. Raisin makes it easier for people across the country to access some of the best APYs with the added bonus of working with banks who go above and beyond for the customers and communities they serve.
Opening a Northpointe Bank HYSA
Setting up a Northpointe Bank HYSA through the safe, secure Raisin platform can be completed in less than five minutes, making it easier and more convenient than ever to maximize your money.
Simply follow this simple process to get saving:
- Select the Northpoint Bank HYSA through the Raisin website or app.
- Create a Raisin account by providing a valid email and password.
- Complete a quick application and confirm a few personal data points, like your email, birthday, SSN, phone number, etc.
- Link an external bank account to fund your first deposit of at least $1.
With your free Raisin account, you can easily manage your Northpointe Bank HYSA all in one place. Make deposits and withdrawals, check your statements and contact customer service—quickly and conveniently through the Raisin platform. Plus, Raisin frequently offers exclusive cash bonuses for new accounts, giving your savings an instant boost from the beginning.
Customer Support
By opening an account through the Raisin platform, you’ll also have access to their U.S.-based team to help answer any questions you may have. Live representatives are available Monday through Friday, 8 a.m. to 8 p.m. EST, through phone (1-844-994-3276) or email. Raisin also provides a robust Help Center on their website to provide insight and information on navigating their platform or your accounts anytime.
How Northpointe Bank Compares to the Competition
By partnering with Raisin, Northpointe Bank is able to provide impressive rates and terms to more people, making them a premiere choice in the world of HYSAs. Here’s a look at how they stack up against the competition:
Northpointe Bank vs. Wells Fargo
When comparing the Platinum Savings account from Wells Fargo to Northpointe Bank’s HYSA, Northpointe is the clear winner for the majority of serious savers. Northpointe offers a much higher interest rate, along with low minimum balance requirements and no monthly fees. You can easily open and manage your account online, and even earn cash bonuses through the Raisin platform. In contrast, Wells Fargo’s Platinum Savings offers much lower interest rates unless you maintain a very large balance and meet strict relationship requirements, plus it charges a $12 monthly fee if you don’t.
Northpointe Bank vs. Huntington Bank
Both respected financial institutions in the Midwest, Northpointe Bank is better suited for savers who want a lower entry threshold coupled with higher rates on their HYSA. Northpointe Bank offers some of the most competitive APYs through Raisin, plus no account fees and a one-dollar minimum deposit to get started. In contrast, Huntington Bank’s Relationship Savings Account comes with multiple minimum requirements to avoid fees, saving their best rates and terms for only top-tier customers. For people who want to maximize return with fewer hoops to jump through, Northpointe makes saving money more accessible.
The Bottom Line: Why We Love It
For savvy savers who want to grow their money but don’t want to deal with monthly balance minimums, high thresholds or fine print and hidden tiers to get the best rates, the HYSA from Northpointe Bank could be the answer. Backed by an award-winning, FDIC-insured institution and made more accessible through one of the leading digital savings marketplace, this account provides excellent returns you won’t easily find elsewhere (even directly through Northpointe), plus no account fees, low barriers to opening, and even an upfront bonus from Raisin for new customers. For people who value higher returns with fewer restrictions, Northpointe Bank offers a more rewarding and realistic way to grow your savings.
FAQs
Raisin is a secure online savings marketplace that partners with federally insured banks like Northpointe Bank to offer a variety of savings products with exclusive rates and terms to a wider audience nationwide. It allows you to open and manage multiple savings accounts in one convenient place—giving you access to the most competitive rates and highest returns without having to open separate accounts at each bank.
Absolutely. With the user-friendly Raisin dashboard, you can view your balance, make deposits or withdrawals, review statements and contact customer service—all from one convenient, easy-to-use online platform and app.
It’s important to note that you cannot directly deposit or withdraw cash from your Raisin account. All money transfers need to be made between your Raisin account and external bank account (linked during the account creation process), and can take between one to three business days.
Interest begins accruing as soon as your initial deposit is received and your account is officially opened with Northpointe Bank—typically within one to three business days.
Related Topics
Featured In
Featured In
Methodology
The Consumer Rating Difference
Behind Our Best Online Savings Account Ratings
We make choosing the best Online Savings Account easy with expert reviews and rankings.
Here’s the methodology behind our ratings:
Comprehensive Overviews
From preferences, to pricing & more, we cover all you need to know about online savings account in our detailed reviews.
Pricing Details
We break down how much the online saving accounts costs, noting everything that’s included for the different price points.
Online Savings Account Comparisons
With so many different online savings account available, it can be hard to decide which one is right for you. We compare different brands based on your preferences.
