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BankNewport

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.75%5-year CD60 Month Regular CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.75%1-year CD12 Month Regular CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
0.05%SavingsStatement Savings Account
1.15% - CIT Bank Spring Savings
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 4th largest bank in the state of Rhode Island. It is also the 543rd largest bank in the nation. It was established in 1819 and as of March of 2017, it had grown to 281 employees at 16 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

6


Health
A

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18129
Year Established1819
Employees281
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD7.88%
Annual Interest Income$13.5MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.43B$1.41B
LoansQ1 2017vs Q1 2016$1.12B$1.09B
DepositsQ1 2017vs Q1 2016$1.15B$1.10B
Equity CapitalQ1 2017vs Q1 2016$151.7MM$141.6MM
Loan Loss AllowanceQ1 2017vs Q1 2016$10.5MM$9.5MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$7.1MM$7.6MM
Real Estate OwnedQ1 2017vs Q1 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-Club Account

BankNewport Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.15%*$10k*-Bonu$ Checking
OTHER TIERS: 0.02% → $2,500 - $5k | 0.05% → $5k - $10k

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
1.50%$1k-36 Month Relationship CD
1.50%$1k-48 Month Regular CD
1.50%$1k-33 Month Bump-Up Relationship CD
1.35%$1k-30 Month Relationship CD
1.30%$1k-18 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
1.05%$1k-18 Month Regular 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
1.50%$500-48 Month Regular IRA
1.50%$500-36 Month Relationship IRA
1.50%$500-33 Month Bump-Up Relationship IRA
1.35%$500-30 Month Relationship IRA
1.30%$500-18 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
1.05%$500-18 Month Regular 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

BankNewport has 16 locations. Click to view all BankNewport locations.