BankNewport


Overview / Commentary
401-849-1244
10 Washington Square
Newport, RI 02840

BankNewport is headquartered in MIDDLETOWN 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 2025, it had grown to 325 employees at 20 locations. BankNewport has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #18129
Year Established1819
Employees325
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD4.11%
Annual Interest Income$36.6MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$2.85B$2.7B
LoansQ1 2025vs Q1 2024$2.28B$2.15B
DepositsQ1 2025vs Q1 2024$2.23B$2.18B
Equity CapitalQ1 2025vs Q1 2024$280.1MM$258.8MM
Loan Loss AllowanceQ1 2025vs Q1 2024$19.1MM$14.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$19.4MM$12.8MM
Real Estate OwnedQ1 2025vs Q1 2024$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
0.05%$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
4.25%$1k-7 Month CD Special
4.25%$1k-9 Month CD Special
4.15%$1k-12 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
3.00%$1k-6 Month Premium Gold CD
3.00%$1k-6 Month Regular CD

BankNewport IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-7 Month IRA Special
4.25%$1k-9 Month IRA Special
4.15%$1k-12 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
3.00%$500-6 Month Regular IRA
3.00%$500-6 Month Premium Gold IRA
0.05%$100-IRA Statement Savings
Locations

Availability



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