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!

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

Platinum Partnership Investment Savings Account

BankNewport's Platinum Partnership account gives you the best of both services — our premier checking account and investment savings account. This combination account rewards you for your total deposit relationship.

Here are some of the exclusive benefits:

  • Our highest tiered interest rates.
  • ½% interest rate reduction on Home Equity Lines of Credit.
  • Preferred rates on Certificatesof Deposit and IRA accounts.
  • Safe Deposit Box, 2” x 5” size, FREE for one year.
  • Free custom “Platinum” style checks.
  • Free Focus Online Internet Banking.
  • Free Bill Pay Service.
  • Combined monthly statements summarizing account activity for checking and savings. *
  • Check Imaging plus a leather portfolio for convenient storage of your statements and check information
  • Unlimited check writing.

* Platinum Partnership accounts have no monthly fee when you maintain a combined balance of $25,000 in up to eight deposit accounts (excluding Go Checking) with the same tax identification number.

**Transfers from a Platinum Partnership Investment Savings account to another account by pre-authorized, automatic, Internet, or telephone, are limited to six per statement cycle. A fee of $10 will be charged for each transaction in excess of six.

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 - three per month *
  • No monthly fee when you maintain a daily balance of $2,500 **

* Transfers from a savings account to another account by pre-authorized, automatic, telephone, or Internet are limited to six transactions (includes three Money Market Savings Account checks) 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 just in time for your holiday shopping.