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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 524th largest bank in the nation. It was established in 1819 and as of December of 2017, it had grown to 286 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

Health Grade Components

Overall
FDIC Certificate #18129
Year Established1819
Employees286
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD7.44%
Annual Interest Income$58.0MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$1.54B$1.42B
LoansQ4 2017vs Q4 2016$1.21B$1.13B
DepositsQ4 2017vs Q4 2016$1.26B$1.13B
Equity CapitalQ4 2017vs Q4 2016$160.0MM$148.2MM
Loan Loss AllowanceQ4 2017vs Q4 2016$10.9MM$10.4MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$11.5MM$9.4MM
Real Estate OwnedQ4 2017vs Q4 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-Goal Saver Account

BankNewport Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$250k*-Premium Money Market
OTHER TIERS: 0.05% $2,500 - $25k | 0.15% $25k - $75k | 0.35% $75k - $250k
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
0.10%$2k-BN Premium Checking

BankNewport CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-36 Month Relationship CD
2.75%$1k-36 Month Regular CD
2.25%$1k-60 Month Relationship CD
2.15%$10k-15 Month CD Special - New Money
2.00%$1k-60 Month Regular CD
2.00%$10k-11 Month CD Special - New Money
1.75%$1k-48 Month Relationship CD
1.50%$1k-18 Month Relationship CD
1.50%$1k-48 Month Regular CD
1.35%$1k-30 Month Relationship CD
1.25%$1k-18 Month Regular CD
1.25%$1k-24 Month Relationship CD
1.10%$1k-30 Month Regular CD
1.10%$1k-15 Month Relationship 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
3.00%$500-36 Month Relationship IRA
2.75%$500-36 Month Regular IRA
2.25%$500-60 Month Relationship IRA
2.15%$10k-15 Month IRA Special - New Money
2.00%$500-60 Month Regular IRA
2.00%$10k-11 Month IRA Special - New Money
1.75%$500-48 Month Relationship IRA
1.50%$500-48 Month Regular IRA
1.50%$500-18 Month Relationship IRA
1.35%$500-30 Month Relationship IRA
1.25%$500-18 Month Regular IRA
1.25%$500-24 Month Relationship IRA
1.10%$500-30 Month Regular IRA
1.10%$500-15 Month Relationship 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

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