Northpointe Bank Kid’s Savings review

Earn upward of 1% APY on balances up to $10,000, but the digital experience is underwhelming.’s rating: 4.6 / 5.0


Northpointe Bank Kid’s Savings account earns 1.5% APY on the first $1,000 in deposits and 1.12% APY on amounts between $1,000.01 and $9,999.99. Balances of $10,000 or more earn 0.35%, which is nearly nine times the national average. But Northpointe only has a single branch, and the clunky application process and outdated digital experience leave a lot to be desired.

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Up to 1.50%





Minimum deposit to open


Annual percentage yield (APY)1.50% on balances of $0 to $1,000
1.12% on balances of $1,000.01 to $9,999.99
0.35% on balances of $10,000+
Minimum deposit to open$10
Minimum balance to earn interest$0
Interest compoundingDaily
Monthly transaction limit6

Review by

Michael Benninger is a staff banking writer at Finder. He is a former credit analyst and longtime freelancer whose articles have been published by Intuit, Business Insider and the Los Angeles Times. Michael is passionate about all facets of personal finance and has written hundreds of articles about money management during the past decade.

Expert review

Northpointe Bank Kid’s Savings account is best for earning interest on balances below $10,000. No other kids’ savings account we’ve come across offers an APY as high as 1.12% if your kid has that much money in their account.

In fact, after looking into Northpointe Bank, I decided to open this account for my daughter. However, the process took a lot longer than I thought it would, and it required more effort than I expected. For instance, I had to print out the application, sign it with a pen, take a photo of it and email it back to the bank. The representative I worked with wouldn’t accept an electronic signature.

Plus, it took more than a week for my initial transfer to finalize and to receive confirmation that the account was open. In my experience, other banks have smoother and faster account opening processes.

Also, I haven’t had any luck using the mobile app so far. But now that my daughter’s account is set up and I can transfer funds into it via Northpointe’s website, I’m pleased with the account and the interest it’s accruing.

If you’re after a high interest rate that won’t plummet once your kid’s balance hits $1,000, Northpointe is your best bet. But if you’re looking to earn interest on smaller balances, consider credit unions such as Spectrum, Bethpage, USAlliance and BECU, which offer better rates than Northpointe for balances under $1,000. To learn more about your options, check out our roundup of the best savings accounts for kids.

How do I open a Northpointe Bank Kid’s Savings account?

Northpointe Bank lets you open some accounts online, but to open a Kids Savings account, you need to either:
  1. Visit the bank’s branch in Grand Rapids, Michigan
  2. Email a representative at
  3. Phone by calling 888-672-5626 on weekdays from 8 a.m. to 6 p.m. ET


To open a Northpointe Bank Kid’s Savings account, you and your child must meet the following requirements.

  • US citizens and residents
  • Child must be under 18
  • Parent or guardian must be over 18
  • Minimum initial deposit of $10

Required information

You’ll be asked to provide the following information about yourself and your child when opening this account.

  • Full names
  • Addresses
  • Dates of birth
  • Social Security numbers
  • Phone number
  • Details from a government-issued ID

What are the benefits of a Northpointe Bank Kid’s Savings account?

Northpointe Bank Kid’s Savings has a couple of benefits that might entice you to open an account.
  • Competitive APYs. Earn 1.5% APY on balances up to $1,000, and earn 1.12% APY on balances from $1,000.01 to $9,999.99. Balances of $10,000 or more earn 0.35% APY, which still beats many banks.
  • Any balance earns interest. Unlike some banks, Northpointe allows any balance in the account to accrue interest.

What should I look out for?

Before opening an account, keep these drawbacks in mind.

  • Can’t open online. You’ll need to call or email the bank to request an application. Then you’ll have to print and complete the application before photographing it and emailing it back, along with a photo of your ID.
  • One branch. Northpointe Bank welcomes customers from across the country, but it only has a single branch in Grand Rapids, Michigan.
  • No ATM access. You can’t withdraw funds from this account at an ATM unless you have a linked Northpointe checking account.
  • Limited customer support. Support isn’t available on the weekends. You can only speak with a representative on the weekdays from 8 a.m. to 6 p.m. ET.
  • Converts to an adult account. Once your child turns 18, the account automatically converts to Northpointe Bank Ultimate Savings account. This account earns 0.0% on balances below $100, 0.25% on balances between $100 and $4,999.99 and 0.35% on balances above $5,000.

Compare Northpointe Bank Kid’s Savings with other savings accounts

See how Northpointe stacks up against other kids’ savings accounts based on their interest rates and minimum opening deposits.

Name Product Annual Percentage Yield (APY) Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
Not rated yet
APY not advertised
This gifting app lets you open a custodial account for your child.
Alliant Kids Savings Account
Finder Rating: 4.6 / 5: ★★★★★

Finder Award
Alliant Kids Savings Account


Alliant Credit Union will pay the $5 initial deposit
This Kids Savings Account has no maintenance fees with e-statements and a high APY with a minimum daily balance of $100.
Capital One Kids Savings Account
Finder Rating: 4.7 / 5: ★★★★★
Capital One Kids Savings Account


Kids Savings Accounts are fee-free and don’t require a minimum balance.
BECU Early Saver Youth Account
Finder Rating: 4.7 / 5: ★★★★★
BECU Early Saver Youth Account



Offers your child a premium interest rate on the first $500 in deposits.
Justice Federal Credit Union Young Savers
Finder Rating: 4 / 5: ★★★★★
Justice Federal Credit Union Young Savers



Justice Federal designed the Young Savers Account especially for children to start saving money early and to learn money management skills.

Compare up to 4 providers

How do I deposit or withdraw my money?

There are a few ways to move money into and out of this account.

Funding options

  • Incoming ACH transfer
  • Incoming transfer from linked Northpointe account
  • Mobile check deposit via the Northpointe app
  • Incoming wire transfer
  • Mail a check to 5303 28th Street Ct SE, Grand Rapids, MI 49546
  • Cash deposit at Northpointe’s branch in Grand Rapids, Michigan

Withdraw options

  • Outgoing ACH transfer
  • Outgoing transfer to a linked Northpointe account
  • Outgoing wire transfer for $25
  • Cashier’s check for $5

What other savings options does Northpointe Bank offer?

Northpointe offers several other savings options aside from this account.

  • Northpointe Bank Ultimate Savings. This account requires a $100 minimum deposit and earns 1.75% APY on balances below $5,000 and 0.35% APY on balances above $5,000.
  • Northpointe Bank Ultimate Money Market. Open this account with a $1,000 minimum deposit, but you’ll only earn interest on balances above $2,500.
  • Northpointe Bank Interest Checking. Earn tiered interest rates ranging from 0.3% APY to APY, but only if your balance is above $2,500.
  • Northpointe Bank CDs. Earn up to 0.35% APY on CDs with terms ranging from one week to five years.

How to contact Northpointe Bank about my savings account?

If you have questions or need help with your account, you contact a representative in the following ways.

  • Call 888-672-5626 on weekdays from 8 a.m. to 6 p.m. ET.
  • Email

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

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