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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 498th largest bank in the nation. It was established in 1819 and as of March of 2019, it had grown to 313 employees at 17 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 - YTD1.07%
Return on Equity - YTD10.13%
Annual Interest Income$18.6MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.68B$1.56B
LoansQ1 2019vs Q1 2018$1.34B$1.23B
DepositsQ1 2019vs Q1 2018$1.37B$1.27B
Equity CapitalQ1 2019vs Q1 2018$180.6MM$161.0MM
Loan Loss AllowanceQ1 2019vs Q1 2018$12.3MM$11.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$11.2MM$11.1MM
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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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

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

0.45%*$250k*-Premium Money Market
OTHER TIERS: 0.05% $2.5k - $25k | 0.15% $25k - $75k | 0.35% $75k - $250k
0.25%*$75k*-Money Market Savings Account
OTHER TIERS: 0.05% $2.5k - $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% $2.5k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $75k

BankNewport Checking Account Rates

0.10%$2k-BN Premium Checking

BankNewport CD Rates

2.25%$1k-60 Month Relationship CD
2.00%$1k-60 Month Regular CD
1.75%$1k-48 Month Relationship CD
1.50%$1k-18 Month Relationship CD
1.50%$1k-36 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
1.25%$1k-36 Month Regular CD
1.10%$1k-30 Month Regular CD
1.00%$1k-12 Month Relationship CD
1.00%$1k-24 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

2.25%$500-60 Month Relationship IRA
2.00%$500-60 Month Regular IRA
1.75%$500-48 Month Relationship IRA
1.50%$500-48 Month Regular IRA
1.50%$500-18 Month Relationship IRA
1.50%$500-36 Month Relationship IRA
1.35%$500-30 Month Relationship IRA
1.25%$500-18 Month Regular IRA
1.25%$500-36 Month Regular IRA
1.25%$500-24 Month Relationship IRA
1.10%$500-30 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


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