Advertising Disclosure
  1. Banks
  2. BankNewport

BankNewport


Overview / Commentary
www.banknewport.com
401-849-1244
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.

Related Posts

View all posts from:


Reviews (1)

Banknewport The Worst Bank In Rhode Island

Posted by: |

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

13


Health
A

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18129
Year Established1819
Employees332
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
Rates
Skip to rates for:
Report an Issue

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

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
0.40%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2k-BN Premium Checking

BankNewport CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.