Overview / Commentary
10 Washington Square
Newport, RI 02840

BankNewport is headquartered in Newport and is the 4th largest bank in the state of Rhode Island. It is also the 475th largest bank in the nation. It was established in 1819 and as of June of 2022, it had grown to 351 employees at 18 locations. BankNewport has an A health rating.

Reviews (1)

Banknewport The Worst Bank In Rhode Island

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This has to be the worst bank i have ever worked with this bank will do everything in it's power to hit you with overdraft charges
there customer service is rude every time it rains there system goes down you are better off with a larger bank as banknewport pay such
low wages to there workers they have no pro bankers to help you


Health Grade Components

FDIC Certificate #18129
Year Established1819
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD10.82%
Annual Interest Income$41.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.34B$2.21B
LoansQ2 2022vs Q2 2021$1.77B$1.63B
DepositsQ2 2022vs Q2 2021$2.00B$1.87B
Equity CapitalQ2 2022vs Q2 2021$220.8MM$229.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$16.7MM$16.9MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$20.5MM$10.5MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not BankNewport; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankNewport Savings Account Rates

0.20%*$100k*-Platinum Investment Savings
OTHER TIERS: 0.05% $1k - $25k | 0.10% $25k - $50k | 0.15% $50k - $100k
0.05%$100-IRA Statement Savings
0.05%$100-Statement Savings Account
0.05%$100-Business Statement Savings Account
0.02%$25-Goal Saver Account

BankNewport Money Market Rates

1.75%*$250k*-Premium Money Market
OTHER TIERS: 0.05% $2.5k - $25k | 0.15% $25k - $75k | 0.50% $75k - $250k
1.75%*$500k*-Business Select Plus Money Market
OTHER TIERS: 0.10% $10k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k | 0.50% $250k - $500k
0.20%*$75k*-Money Market Savings Account
OTHER TIERS: 0.02% $2.5k - $10k | 0.05% $10k - $25k | 0.10% $25k - $50k | 0.15% $50k - $75k
0.20%*$75k*-Business Money Market Savings Account
OTHER TIERS: 0.02% $2.5k - $10k | 0.05% $10k - $25k | 0.10% $25k - $50k | 0.15% $50k - $75k

BankNewport Checking Account Rates

0.05%$2k-BN Premium Checking

BankNewport CD Rates

1.00%$1k-60 Month Premium Gold CD
0.75%$1k-48 Month Premium Gold CD
0.75%$1k-60 Month Regular CD
0.60%$1k-36 Month Premium Gold CD
0.60%$1k-48 Month Regular CD
0.50%$1k-36 Month Regular CD
0.45%$1k-24 Month Premium Gold CD
0.40%$1k-18 Month Premium Gold CD
0.35%$1k-12 Month Premium Gold CD
0.35%$1k-24 Month Regular CD
0.30%$1k-18 Month Regular CD
0.25%$1k-12 Month Regular CD
0.25%$1k-6 Month Premium Gold CD
0.20%$1k-3 Month Premium Gold CD
0.20%$1k-6 Month Regular CD

BankNewport IRA Rates

1.00%$500-60 Month Premium Gold IRA
0.75%$500-60 Month Regular IRA
0.75%$500-48 Month Premium Gold IRA
0.60%$500-48 Month Regular IRA
0.60%$500-36 Month Premium Gold IRA
0.50%$500-36 Month Regular IRA
0.45%$500-24 Month Premium Gold IRA
0.40%$500-18 Month Premium Gold IRA
0.35%$500-24 Month Regular IRA
0.35%$500-12 Month Premium Gold IRA
0.30%$500-18 Month Regular IRA
0.25%$500-12 Month Regular IRA
0.25%$500-6 Month Premium Gold IRA
0.20%$500-6 Month Regular IRA


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