headerX.png

Deposit Accounts

Efficient solutions to manage your money.

BankNewport offers deposit accounts designed to meet the needs of your business. Our checking and savings accounts let you manage your money securely and efficiently, allowing you to focus on running your business.

Our Business Banking Group provides your business the dedicated, personalized service that you deserve. Contact us today to learn what BankNewport can do to meet the financial needs of your business.

Checking Accounts

Savings Accounts


Business Checking Accounts

All BankNewport Business Checking accounts* include the following standard features:

Review the additional features of our Business Checking account options to see which is right for you:

Business Non-Profit Checking

Ideal for Non-Profit agencies.  Organization must hold a federal tax-exempt 501(c)(3) status, as determined by the Internal Revenue Service; a copy of the determination letter must be provided at account opening. 

Business Non-Profit features:

  • There is no minimum balance required to avoid fees.

Business Edge 500 Checking

If your business is in need of lending and a checking account, this is the perfect pair to meet your business needs.

Business Edge 500 features:

  • 500 monthly transactions ($0.50 per transaction fee thereafter)
  • $50.00 monthly maintenance fee
  • No monthly maintenance fee with any lending relationship of $50,000 or more
  • Includes all BankNewport Business Checking Account standard features (listed above)

Business Edge Checking

Ideal for the business customer who maintains an account with less than 300 transactions per month.

Business Edge Checking features:

  • 300 monthly transactions ($.50 per transaction fee thereafter)
  • $10.00 monthly maintenance fee
  • No monthly maintenance fee when you use eBanking to access your account online or maintain a minimum daily balance of $1,000 or more
  • Includes all BankNewport Business Checking Account standard features (listed above)

Business Partnership Checking

Ideal for the business customer who maintains an account with less than 50 transactions per month.

Business Partnership Checking features:

  • 50 monthly transactions ($.50 per transaction fee thereafter)
  • $10.00 monthly maintenance fee
  • No monthly maintenance fee when you maintain a minimum daily balance of $2,500 or more
  • Includes all BankNewport Business Checking Account standard features (listed above)

Business Checking (Analysis Account)

Ideal for the business that has a moderate to high number of monthly transactions.

Business Checking (Analysis Account) features:

  • Earnings credit may reduce, offset or eliminate monthly activity fees
  • Monthly statement and activity report detailing your activity fees and earnings credit
  • Includes all BankNewport Business Checking Account standard features (listed above)

Business Performance Checking

Ideal for Sole Proprietorships that have a moderate to high number of monthly transactions.

Business Performance Checking features:

  • Earn interest when you maintain a minimum daily balance of $1,200 or more
  • Earnings credit may reduce, offset or eliminate monthly activity fees
  • Includes all BankNewport Business Checking Account standard features (listed above)




Business Savings Accounts

 All BankNewport Business Savings accounts** include the following standard features:

  • Free eBanking
  • Bill Pay
  • Free Telephone Banking

Business Money Market Savings

This account is the smart savings alternative that offers higher interest rates and convenient check writing all in one!

Business Money Market Savings features:

  • Open with $2,500
  • $10.00 monthly maintenance fee
  • No monthly maintenance fee when you maintain a minimum daily balance of $2,500 or more
  • Higher tiered interest rate structure
  • Unlimited ATM usage
  • Convenient check writing (up to six per month)
shadow_right shadow_left
Tier Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
1 $2,500 - $9,999.99 0.05% $2,500
2 $10,000 - $24,999.99 0.10% $2,500
3 $25,000 - $49,999.99 0.15% $2,500
4 $50,000 - $74,999.99 0.20% $2,500
5 $75,000+ 0.25% $2,500

The annual percentage yield (APY) is accurate as of: March 22, 2017


Business Statement Savings

A deposit account that pays interest and allows easy access to your money. You can earn a competitive rate of interest while saving for needed supplies or unexpected expenses.

Business Statement Savings features:

  • Open with only $100
  • $3.00 monthly maintenance fee
  • No monthly maintenance fee when you maintain a minimum daily balance of $100 or more
  • Earn a competitive rate of interest by maintaining a minimum daily balance of $100 or more
shadow_right shadow_left
Tier Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
1 $100 - $2,499.99 0.05% $100.00
2 $2,500+ 0.05% $100.00

The annual percentage yield (APY) is accurate as of: March 22, 2017