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Overview / Commentary
877-709-2265
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 522nd largest bank in the nation. It was established in 1819 and as of September of 2017, it had grown to 285 employees at 15 locations. BankNewport has an A health rating.

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Reviews (1)

Banknewport The Worst Bank In Rhode Island

Posted by: ripfox | Feb 9, 2016

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

Health Grade Components

Overall
FDIC Certificate #18129
Year Established1819
Employees285
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD8.39%
Annual Interest Income$42.5MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.53B$1.43B
LoansQ3 2017vs Q3 2016$1.20B$1.11B
DepositsQ3 2017vs Q3 2016$1.24B$1.13B
Equity CapitalQ3 2017vs Q3 2016$158.9MM$148.5MM
Loan Loss AllowanceQ3 2017vs Q3 2016$10.9MM$10.3MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$9.1MM$6.7MM
Real Estate OwnedQ3 2017vs Q3 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankNewport Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Platinum Investment Savings
OTHER TIERS: 0.10% $1k - $25k | 0.15% $25k - $50k | 0.20% $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$250k*-Premium Money Market
OTHER TIERS: 0.05% $2,500 - $25k | 0.15% $25k - $75k | 0.35% $75k - $250k
0.25%*$75k*-Money Market Savings Account
OTHER TIERS: 0.05% $2,500 - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $75k
0.25%*$75k*-Business Money Market Savings Account
OTHER TIERS: 0.05% $2,500 - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $75k

BankNewport Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2k-BN Premium Checking

BankNewport CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-60 Month Relationship CD
1.75%$1k-48 Month Relationship CD
1.75%$1k-60 Month Regular CD
1.70%$1k-18 Month Relationship CD
1.50%$1k-36 Month Relationship CD
1.50%$1k-48 Month Regular CD
1.50%$1k-33 Month Bump-Up Relationship CD
1.45%$1k-18 Month Regular CD
1.35%$1k-30 Month Relationship CD
1.25%$1k-24 Month Relationship CD
1.25%$1k-36 Month Regular CD
1.25%$1k-33 Month Bump-Up CD
1.10%$1k-30 Month Regular CD
1.10%$1k-15 Month Relationship CD
1.00%$1k-12 Month Relationship CD
1.00%$1k-24 Month Regular CD
0.85%$1k-15 Month Regular CD
0.75%$1k-12 Month Regular CD
0.35%$1k-6 Month Relationship CD
0.25%$1k-3 Month Relationship CD
0.25%$1k-6 Month Regular CD
0.20%$1k-3 Month Regular CD

BankNewport IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Month Relationship IRA
1.75%$500-60 Month Regular IRA
1.75%$500-48 Month Relationship IRA
1.70%$500-18 Month Relationship IRA
1.50%$500-48 Month Regular IRA
1.50%$500-36 Month Relationship IRA
1.50%$500-33 Month Bump-Up Relationship IRA
1.45%$500-18 Month Regular IRA
1.35%$500-30 Month Relationship IRA
1.25%$500-36 Month Regular IRA
1.25%$500-24 Month Relationship IRA
1.25%$500-33 Month Bump-Up IRA
1.10%$500-30 Month Regular IRA
1.10%$500-15 Month Relationship IRA
1.00%$500-24 Month Regular IRA
1.00%$500-12 Month Relationship IRA
0.85%$500-15 Month Regular IRA
0.75%$500-12 Month Regular IRA
0.35%$500-6 Month Relationship IRA
0.25%$500-6 Month Regular IRA
Locations

Availability