Savings

BankNewport offers a variety of savings accounts. So, whether you’re saving for your retirement, your first home, or your vacation, we have the savings services to help you!

BankNewport savings accounts are available to residents living in Rhode Island and Southeastern Massachusetts.

Platinum Investment Savings Account | Money Market Savings Account |
Certificates of Deposit | Statement Savings | Passbook Savings | Club Account

Platinum Investment Account*

BankNewport's premier savings account. 

Here are some of the benefits:

  • Our highest tiered interest rates.
  • Free Focus Online Internet Banking.
  • Free Bill Pay Service.
  • Combined monthly statements 
  • No monthly fee when you maintain a daily balance of $1,000**

*Transfers from a savings account to another account by check, pre-authorized, automatic, telephone, or Internet are limited to six transactions per statement cycle. A fee of $10 may be charged for each transaction thereafter and your account may be subject to closure by the Bank. **If the daily balance falls below $1,000 a fee of $10 will be charged.
Platinum Investment Disclosure

Money Market Savings Account

This account is for the saver who is looking to earn higher interest rates than a regular savings account.

Features:

  • Higher tiered interest rate structure
  • Unlimited ATM usage
  • Convenient check writing - six per month *
  • No monthly fee when you maintain a daily balance of $2,500 **

* Transfers from a savings account to another account by check, pre-authorized, automatic, telephone, or Internet are limited to six transactions per cycle. A fee of $10 will be charged for each transaction thereafter.
** If the minimum balance falls below $2,500 any day of the month, a fee of $10 will be charged.

Certificates of Deposit

You can earn a higher rate of interest when you lock-in to a specific term for a period of 90 days to five years. Traditional, Roth and Education IRAs (Individual Retirement Accounts) certificates are available for periods of 6 months or more

Statement Savings

With as little as $100 you can earn interest, avoid fees and enjoy unlimited access to your money with a BankNewport ATM card.

Passbook Savings

Your passbook will provide you with a clear and convenient record of all your transaction activity.

Club Account

You make regular deposits into this account throughout the year and receive a lump sum distribution on the date of your choice.