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PurePoint Financial CD Review

How does your bank stack up?

  • Financial Rates: 5.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Variety of Terms: 5.0 Star Icon
  • Opening Required Amount: 3.0 Star Icon


  • Competitive interest rates on CDs
  • Different ways to fund accounts
  • Variety of CD terms available
  • Best Rate Commitment


  • High opening required amounts
  • Fee for early withdrawals does not vary
  • One-time deposit to open CDs
  • Must sign up for online banking

What You Need to Know

PurePoint Financial offers competitive interest rates on each CD term. Their interest rates are competitive with other online CD accounts. PurePoint rates are some of the leaders in the market of online CD accounts. The interest rates are not tiered. Any amount over $10,000 earns the most competitive interest rate offered.

There are four ways to fund your PurePoint CD accounts. Fund your account through an online electronic transfer from a linked account. You can also fund your account through a mobile deposit, a wire transfer, or by mailing in a check. You can only make a deposit into PurePoint CDs when you open the account.

There are a variety of CD terms available through PurePoint Financial. The terms range from six-months to five-years. There is a total of nine CD terms offered. Each of the terms requires $10,000 to open.

PurePoint Financial offers its Best Rate Commitment. Once you fund your PurePoint CD, they watch the rates for ten days. During that time, whatever is the highest rate offered will be the rate you receive for the duration of the CD term. If you renew your CD for the same term, you are again given the ten-day period to lock in the highest rate.

To open PurePoint CDs requires a high amount. Each term requires $10,000 to open. Once you open the account, you earn the most competitive interest rates for any balance over $10,000. PurePoint CDs do not have tiered interest rates.

There is a fee if you withdraw money from your PurePoint CD before it reaches maturity. The fee for any CD term length is 181 days of interest on the withdrawn amount. That fee applies to every PurePoint CD.

The opening required amount to open PurePoint CDs is $10,000. That amount must come from a one-time deposit of at least that amount. The deposit can only come from a single account. If PurePoint does not receive that funding within 45 days, they will close the account. Once you open and fund a CD, you cannot deposit into the CD during the life of the CD term.

To open an account with PurePoint Financial requires signing up for online banking. It does not matter if you open an account over the phone, online, or in person. If the primary account holder does not enroll in online banking within 90 days, PurePoint will close the account. If you open an account over the phone, you only have 30 days to enroll in online banking. A valid email address is also required.

Cool Things

Learning Center

PurePoint Financial website offers a Learning Center. Here they have a variety of financial topics. Those topics include good saving habits and goals, online and cyber security.


In 2017, PurePoint Financial started. They opened offering competitive interest rates on a savings account and CDs. They hoped to help customers increase their savings account balance.

PurePoint is a division of MUFG Union Bank. MUFG has been in business for over 150 years and has over 140,000 employees. They have more than 2,200 offices around the world, with branch locations in around 50 countries. MUFG assets total over $2.5 trillion.

PurePoint accounts do not have monthly fees. Their accounts offer competitive interest rates for their savings account and CDs.

Giving Back

MUFG Union Bank is the parent company of PurePoint Financial. MUFG gives full-time employees up to three days of paid time off. These days are spent serving in their communities. MUFG offers a gift-matching program as well. Through these two ways employees can volunteer and help those in their communities.

Frequently Asked Questions

Is PurePoint FDIC insured?

Yes. PurePoint is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.

How many different terms does PurePoint offer?

They offer nine CD terms. Those terms range from six-months to five-years.

What is the required amount to open a CD with PurePoint?

Each CD term requires $10,000 to open. This amount must be deposited in one deposit from one account.

How do I deposit money into PurePoint CDs?

Through an electronic transfer from a linked external account. Funding through a wire transfer, mailing a check, or through a mobile deposit are options as well.

How do I access my money?

Access your money through an electronic transfer to a linked external account. You can request a wire or a certified check. There is a fee if you withdraw your money from the CD before it matures.

Do I have to open other PurePoint accounts before I can open a CD?

No. You can open just a CD from PurePoint without opening other accounts.

Do PurePoint CDs offer competitive interest rates?

Yes. The interest rates for PurePoint CDs are competitive with other online CD accounts. The rates for PurePoint CDs are much higher than typical bank rates.

Can I choose how to receive my interest payments from PurePoint CDs?

Interest is compounded daily and credits monthly. Contact customer service to see if they offer different ways to receive interest.

What percentage am I charged if I withdraw money before the maturity date?

The early withdrawal penalty is the same for each CD term. The fee is 181 days of interest on the amount you withdraw.

How do I make changes during the grace period?

By contacting customer service. You can reach them through mail or on the phone.

How will I know my PurePoint CD is nearing maturity?

Contact customer service to find out.

How long is the grace period between renewal?

The grace period is ten days from the date of the CD maturity.

Are PurePoint CD rates guaranteed for the entire term?

Yes. They offer fixed CD rates. The PurePoint Best Rate Commitment guarantees to lock in the highest interest rate. PurePoint watches the rates for ten days after you fund your account. The highest rate in that time is the rate you earn.

Does PurePoint offer mobile banking?

PurePoint does not offer a mobile app. You can access your accounts on your mobile device through their website.

Is PurePoint a good bank?

Their accounts offer competitive interest rates. They offer a good variety of CD terms. The required amount to open a CD is high. You must have $10,000 to open any PurePoint CD.

Is PurePoint secure online?

PurePoint uses security measures that comply with federal law. They secure customer information with industry-standard encryption. They require multi-factor authentication for some transactions. After a period of inactivity, customers are logged out. They offer suspicious activity monitoring.

What is the shortest PurePoint CD term offered?

A six-month term is the shortest PurePoint CD offered.

What is the longest PurePoint CD term offered?

The longest PurePoint CD term is five-years.

Does PurePoint offer accounts other than CDs?

Yes. They offer a savings account.

Can I use PurePoint CDs for my business accounts?

Only personal deposit savings accounts and CDs are available.

How do I reach customer service?

Through phone, email, mail, or by visiting a local branch location. You can follow PurePoint on Facebook, Twitter, Instagram, and LinkedIn.

Bank Contact Information

PurePoint Financial
P.O. Box 870
Glendale, CA 91209

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