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BankNewport


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 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 1/24/2025
4.46%
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 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
www.banknewport.com
401-849-1244
10 Washington Square
Newport, RI 02840

BankNewport is headquartered in NEWPORT and is the 5th largest bank in the state of Rhode Island. It is also the 453rd largest bank in the nation. It was established in 1819 and as of September of 2024, it had grown to 317 employees at 20 locations. BankNewport's CD rates are 4X the national average, and it has an A health rating.

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Health
A

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18129
Year Established1819
Employees317
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD3.56%
Annual Interest Income$104.4MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$2.75B$2.63B
LoansQ3 2024vs Q3 2023$2.22B$2.07B
DepositsQ3 2024vs Q3 2023$2.22B$2.13B
Equity CapitalQ3 2024vs Q3 2023$274.9MM$238.8MM
Loan Loss AllowanceQ3 2024vs Q3 2023$15.6MM$17.2MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$5.3MM$7.2MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 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 1/24/2025
4.46%
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 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Rates
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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
0.05%$100-IRA Statement Savings
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
4.00%$1k-12 Month Regular CD
4.00%$1k-12 Month Premium Gold CD
4.00%$1k-7 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

BankNewport IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-12 Month Regular IRA
4.00%$500-12 Month Premium Gold IRA
4.00%$1k-7 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
Locations

Availability



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