BankNewport

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.00%	5-year CD	60 Month Regular CD 3.00% - American Express National Bank 60 Month CD
0.75%	1-year CD	12 Month Regular CD 2.45% - Synchrony Bank 12 Month CD
0.02%	Savings	Goal Saver Account 1.80% - American Express National Bank High Yield Savings Account

View all BankNewport rates »

Overview / Commentary

www.banknewport.com

877-709-2265

10 Washington Square
Newport, RI 02840

BankNewport is headquartered in Newport and is the 4^th largest bank in the state of Rhode Island. It is also the 509^th largest bank in the nation. It was established in 1819 and as of June of 2018, it had grown to 316 employees at 16 locations. BankNewport has an A health rating.

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

Comment

7

Health

A

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	18129
Year Established	1819
Employees	316
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.94%
Return on Equity - YTD	9.12%
Annual Interest Income	$32.2MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$1.60B$1.51B
Loans	Q2 2018vs Q2 2017	$1.27B$1.15B
Deposits	Q2 2018vs Q2 2017	$1.28B$1.22B
Equity Capital	Q2 2018vs Q2 2017	$163.5MM$155.5MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$11.7MM$10.9MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$11.0MM$9.2MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

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Money Market
Checking
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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$250k^*	-	Premium Money Market
OTHER TIERS: 0.05% → $2.5k - $25k \| 0.15% → $25k - $75k \| 0.35% → $75k - $250k
0.25%^*	$75k^*	-	Money Market Savings Account
OTHER TIERS: 0.05% → $2.5k - $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% → $2.5k - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k \| 0.20% → $50k - $75k

BankNewport Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$2k	-	BN Premium Checking

BankNewport CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%	$1k	-	36 Month Relationship CD
2.75%	$1k	-	36 Month Regular CD
2.25%	$1k	-	60 Month Relationship CD
2.00%	$1k	-	60 Month Regular CD
1.75%	$1k	-	48 Month Relationship CD
1.50%	$1k	-	18 Month Relationship CD
1.50%	$1k	-	48 Month Regular CD
1.35%	$1k	-	30 Month Relationship CD
1.25%	$1k	-	18 Month Regular CD
1.25%	$1k	-	24 Month Relationship 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

APY	MIN	MAX	ACCOUNT NAME
3.00%	$500	-	36 Month Relationship IRA
2.75%	$500	-	36 Month Regular IRA
2.25%	$500	-	60 Month Relationship IRA
2.00%	$500	-	60 Month Regular IRA
1.75%	$500	-	48 Month Relationship IRA
1.50%	$500	-	48 Month Regular IRA
1.50%	$500	-	18 Month Relationship IRA
1.35%	$500	-	30 Month Relationship IRA
1.25%	$500	-	18 Month Regular IRA
1.25%	$500	-	24 Month Relationship 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

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