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 483rd largest bank in the nation. It was established in 1819 and as of March of 2021, it had grown to 332 employees at 17 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 - YTD1.15%
Return on Equity - YTD10.99%
Annual Interest Income$19.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$2.17B$1.81B
LoansQ1 2021vs Q1 2020$1.62B$1.42B
DepositsQ1 2021vs Q1 2020$1.82B$1.46B
Equity CapitalQ1 2021vs Q1 2020$222.5MM$199.1MM
Loan Loss AllowanceQ1 2021vs Q1 2020$17.2MM$14.4MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$13.9MM$11.6MM
Real Estate OwnedQ1 2021vs Q1 2020$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

0.25%*$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

0.40%*$500k*-Business Select Plus Money Market
OTHER TIERS: 0.15% $10k - $50k | 0.20% $50k - $100k | 0.30% $100k - $250k | 0.35% $250k - $500k
0.35%*$250k*-Premium Money Market
OTHER TIERS: 0.05% $2.5k - $25k | 0.20% $25k - $75k | 0.30% $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

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
0.15%$1k-3 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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