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BankNewport


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.30%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
3.60%
Our Rating
4.2  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.banknewport.com
401-849-1244
10 Washington Square
Newport, RI 02840

BankNewport is headquartered in MIDDLETOWN and is the 5th largest bank in the state of Rhode Island. It is also the 448th largest bank in the nation. It was established in 1819 and as of December of 2024, it had grown to 322 employees at 20 locations. BankNewport has an A health rating.

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Health
A

Data as of Q4 2024

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Health Grade Components

Overall
FDIC Certificate #18129
Year Established1819
Employees322
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD3.84%
Annual Interest Income$140.7MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$2.8B$2.68B
LoansQ4 2024vs Q4 2023$2.28B$2.12B
DepositsQ4 2024vs Q4 2023$2.27B$2.13B
Equity CapitalQ4 2024vs Q4 2023$272MM$258MM
Loan Loss AllowanceQ4 2024vs Q4 2023$18.1MM$15.8MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$18.3MM$11.3MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.30%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/20/2025
3.60%
Our Rating
4.2  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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
0.05%$100-Statement Savings Account
0.05%$100-Business Statement Savings Account

BankNewport Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$250k*-Premium Money Market
OTHER TIERS: 0.05% → $2.5k - $25k | 0.15% → $25k - $75k | 0.50% → $75k - $250k
1.75%*$500k*-Business Select Plus Money Market
OTHER TIERS: 0.10% → $10k - $50k | 0.15% → $50k - $100k | 0.20% → $100k - $250k | 0.50% → $250k - $500k
0.20%*$75k*-Money Market Savings Account
OTHER TIERS: 0.02% → $2.5k - $10k | 0.05% → $10k - $25k | 0.10% → $25k - $50k | 0.15% → $50k - $75k
0.20%*$75k*-Business Money Market Savings Account
OTHER TIERS: 0.02% → $2.5k - $10k | 0.05% → $10k - $25k | 0.10% → $25k - $50k | 0.15% → $50k - $75k

BankNewport CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-7 Month CD Special
4.25%$1k-9 Month CD Special
4.15%$1k-12 Month CD Special
3.75%$1k-18 Month Regular CD
3.75%$1k-18 Month Premium Gold CD
3.75%$1k-24 Month Regular CD
3.75%$1k-24 Month Premium Gold CD
3.00%$1k-6 Month Premium Gold CD
3.00%$1k-6 Month Regular CD

BankNewport IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-7 Month IRA Special
4.25%$1k-9 Month IRA Special
4.15%$1k-12 Month IRA Special
3.75%$500-18 Month Regular IRA
3.75%$500-24 Month Regular IRA
3.75%$500-18 Month Premium Gold IRA
3.75%$500-24 Month Premium Gold IRA
3.00%$500-6 Month Regular IRA
3.00%$500-6 Month Premium Gold IRA
0.05%$100-IRA Statement Savings
Locations

Availability



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