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 440th largest bank in the nation. It was established in 1819 and as of March of 2024, it had grown to 327 employees at 19 locations. BankNewport has an A health rating.

Reviews (1)

Banknewport The Worst Bank In Rhode Island

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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 - YTD0.24%
Return on Equity - YTD2.53%
Annual Interest Income$33.7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.7B$2.54B
LoansQ1 2024vs Q1 2023$2.15B$1.95B
DepositsQ1 2024vs Q1 2023$2.18B$2.11B
Equity CapitalQ1 2024vs Q1 2023$258.8MM$239.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$14.4MM$19.9MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$12.8MM$10.3MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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

0.05%$100-IRA Statement Savings
0.05%$100-Statement Savings Account
0.05%$100-Business Statement Savings Account

BankNewport Money Market Rates

2.00%*$250k*-Premium Money Market
OTHER TIERS: 0.05% $2.5k - $25k | 0.15% $25k - $75k | 0.50% $75k - $250k
2.00%*$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

5.00%$1k-10 Month CD Special - New Money
4.50%$1k-24 Month CD Special - New or Existing Money
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

5.00%$10k$250k10 Month IRA Special - New Money
4.50%$500-24 Month IRA Special - New or Existing Money
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


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