Featured Savings Rates
Featured Accounts


Popular Accounts at this Bank

0.50%Reward CheckingGo Checking
1.50%5-year CD60 Months Regular CD
0.40%1-year CD12 Months Regular CD

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 535th largest bank in the nation. It was established in 1819 and as of June of 2016, it had grown to 254 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 Grade Components

FDIC Certificate #18129
Year Established1819
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD8.02%
Annual Interest Income$25.2MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.41B$1.34B
LoansQ2 2016vs Q2 2015$1.08B$1.08B
DepositsQ2 2016vs Q2 2015$1.11B$1.03B
Equity CapitalQ2 2016vs Q2 2015$145.3MM$133.1MM
Loan Loss AllowanceQ2 2016vs Q2 2015$9.6MM$9.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$7.8MM$6.9MM
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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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

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
0.05%$100-Roth IRA Statement Savings
0.05%$100-CESA Statement Savings
0.02%$25-Club Account

BankNewport Money Market Rates

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

0.50%*-$50kGo Checking
OTHER TIERS: 0.14% $50k+
0.15%*$10k*-Bonu$ Checking
OTHER TIERS: 0.02% $2,500 - $5k | 0.05% $5k - $10k

BankNewport CD Rates

1.60%$1k-60 Months Relationship CD
1.50%$1k-60 Months Regular CD
1.40%$1k-48 Months Relationship CD
1.30%$1k-48 Months Regular CD
1.25%$1k-24 Months Relationship CD
1.25%$500-36 Months Relationship CD
1.00%$1k-18 Months Relationship CD
1.00%$1k-24 Months Regular CD
1.00%$500-36 Months Regular CD
0.95%$1k-15 Month Relationship CD
0.90%$1k-18 Months Regular CD
0.90%$10k-3 Year Flexible CD Special
0.85%$1k-15 Month Regular CD
0.75%$1k-30 Months Relationship CD
0.60%$1k-30 Months Regular CD
0.50%$1k-12 Months Relationship CD
0.40%$1k-12 Months Regular CD
0.35%$1k-6 Months Relationship CD
0.25%$1k-3 Months Relationship CD
0.25%$1k-6 Months Regular CD
0.20%$1k-3 Months Regular CD

BankNewport IRA Rates

1.60%$500-60 Months Relationship IRA
1.50%$500-60 Months Regular IRA
1.40%$500-48 Months Relationship IRA
1.30%$500-48 Months Regular IRA
1.25%$500-24 Months Relationship IRA
1.25%$500-36 Months Relationship IRA
1.00%$500-24 Months Regular IRA
1.00%$500-36 Months Regular IRA
1.00%$500-18 Months Relationship IRA
0.95%$500-15 Month Relationship IRA
0.90%$500-18 Months Regular IRA
0.90%$10k-3 Year Flexible IRA Special
0.85%$500-15 Month Regular IRA
0.75%$500-30 Months Relationship IRA
0.60%$500-30 Months Regular IRA
0.50%$500-12 Months Relationship IRA
0.40%$500-12 Months Regular IRA
0.35%$500-6 Months Relationship IRA
0.25%$500-6 Months Regular IRA

BankNewport has 15 locations. Click to view all BankNewport locations.