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BankNewport


Overview / Commentary
www.banknewport.com
401-849-1244
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 473rd largest bank in the nation. It was established in 1819 and as of December of 2021, it had grown to 338 employees at 18 locations. BankNewport has an A health rating.

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Reviews (1)

Banknewport The Worst Bank In Rhode Island

Posted by: |

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

14


Health
A

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18129
Year Established1819
Employees338
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD10.75%
Annual Interest Income$78.1MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$2.35B$2.06B
LoansQ4 2021vs Q4 2020$1.68B$1.61B
DepositsQ4 2021vs Q4 2020$2.03B$1.71B
Equity CapitalQ4 2021vs Q4 2020$238.7MM$219.2MM
Loan Loss AllowanceQ4 2021vs Q4 2020$16.1MM$17.2MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$15.8MM$14.8MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
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
0.20%*$100k*-Platinum Investment Savings
OTHER TIERS: 0.05% → $1k - $25k | 0.10% → $25k - $50k | 0.15% → $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
0.30%*$250k*-Premium Money Market
OTHER TIERS: 0.05% → $2.5k - $25k | 0.15% → $25k - $75k | 0.25% → $75k - $250k
0.30%*$500k*-Business Select Plus Money Market
OTHER TIERS: 0.10% → $10k - $50k | 0.15% → $50k - $100k | 0.20% → $100k - $250k | 0.25% → $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 Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2k-BN Premium Checking

BankNewport CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month Premium Gold CD
0.75%$1k-48 Month Premium Gold CD
0.75%$1k-60 Month Regular CD
0.60%$1k-36 Month Premium Gold CD
0.60%$1k-48 Month Regular CD
0.50%$1k-36 Month Regular CD
0.45%$1k-24 Month Premium Gold CD
0.40%$1k-18 Month Premium Gold CD
0.35%$1k-12 Month Premium Gold CD
0.35%$1k-24 Month Regular CD
0.30%$1k-18 Month Regular CD
0.25%$1k-12 Month Regular CD
0.25%$1k-6 Month Premium Gold CD
0.20%$1k-3 Month Premium Gold CD
0.20%$1k-6 Month Regular CD
0.15%$1k-3 Month Regular CD

BankNewport IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-60 Month Premium Gold IRA
0.75%$500-60 Month Regular IRA
0.75%$500-48 Month Premium Gold IRA
0.60%$500-48 Month Regular IRA
0.60%$500-36 Month Premium Gold IRA
0.50%$500-36 Month Regular IRA
0.45%$500-24 Month Premium Gold IRA
0.40%$500-18 Month Premium Gold IRA
0.35%$500-24 Month Regular IRA
0.35%$500-12 Month Premium Gold IRA
0.30%$500-18 Month Regular IRA
0.25%$500-12 Month Regular IRA
0.25%$500-6 Month Premium Gold IRA
0.20%$500-6 Month Regular IRA
Locations

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