Online Accounts

BN Free Checking

It’s the perfect way to develop a healthy financial outlook. BN Free gives you the simplicity of a no-fee checking account, along with benefits and conveniences that help you manage your money and thrive.  Click here to learn more about our BN Free Checking Account.

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BN Smart Checking

Take the smart approach to checking. BN Smart helps you manage, build, and maintain your financial standing with all the benefits and convenience you need, plus the rewards you want.  Click here to learn more about our BN Smart Checking Account.

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BN Premium Checking

Take advantage of all we have to offer. As a Premium account holder, you’ll receive exclusive benefits, high-touch service, and all the rewards that matter most to Rhode Islanders like you. Click here to learn more about our BN Premium Checking Account.

Additional Terms & Conditions may apply.

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Minimum Daily Balance to Earn APY APY† Minimum Deposit to Open
$2,000.00 0.05% $2,000.00

The Annual Percentage Yield (APY) is accurate as of: April 15, 2021

Interest rate may vary after account opening. Fees may reduce earnings.

Disclosures +

$2,000 minimum to open. A maintenance service charge fee of $25 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $50,000 in combined deposit and consumer loan account balances, excluding residential mortgages. First 3 monthly statement cycle maintenance service charges free; $25/statement cycle thereafter if minimum balances are not maintained.
*Available only on BankNewport Lines of Credit where the subject collateral property has not had a lien from BankNewport on it within the prior 12 months from the application date. Cannot be a bridge loan or combined with other special offers, promotions or discounts. Subject to credit approval.
**To be eligible for the closing cost discount automatic debit from BN Premium checking account must be established, cannot be combined with any other closing cost discount offers.
+Your interest rate and annual percentage yield may change. Fees may reduce earnings. 


Statement Savings

The account that makes saving easy.

With our Statement Savings account you can earn interest with as little as $100, avoid fees** and enjoy unlimited access to your money with a BankNewport ATM card*.  Click here to learn more about our Statement Savings Account.

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Tier Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
1 $100.00 - $2,499.99 0.05% $100.00
2 $2,500.00+ 0.05% $100.00

The Annual Percentage Yield (APY) is accurate as of: April 15, 2021

Interest rate may vary after account opening. Fees may reduce earnings.

Disclosures +
 

* 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 $10.00 will be charged for each transaction thereafter.

** If the daily balance falls below $100.00 a monthly maintenance service charge of $3.00 will be charged.


Goal Saver Account

Perfect for any savings goal, holiday shopping or saving for your dream vacation.

Our Goal Saver Account allows you make regular deposits into this account throughout the year and receive a lump sum distribution on the date of your choice. Click here to learn more about our Goal Saver Account.

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Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
$25.00 0.02% $5.00

The Annual Percentage Yield (APY) is accurate as of: April 15, 2021

Interest rate may vary after account opening. Fees may reduce earnings.


Money Market Accounts

Flexible savings accounts for those who want more.

Our Money Market accounts have the added benefit of check writing.

Features include:

  • Tiered interest rate structure
  • Unlimited ATM usage
  • Convenient check writing - six per month*
  • No monthly maintenance service charge when you maintain a daily balance of $2,500 or more**

Money Market Savings

Get the convenience of check writing and a great interest rate with our Money Market Savings. It's the easy way to get the most out of your money while always having easy access to your funds. Click here to learn more about our Money Market Savings Account.

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Tier Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
1 $2,500.00 - $9,999.99 0.05% $2,500.00
2 $10,000.00 - $24,999.99 0.10% $2,500.00
3 $25,000.00 - $49,999.99 0.15% $2,500.00
4 $50,000.00 - $74,999.99 0.20% $2,500.00
5 $75,000.00+ 0.25% $2,500.00

The Annual Percentage Yield (APY) is accurate as of: April 15, 2021

Interest rate may vary after account opening. Fees may reduce earnings.

Disclosures +

* 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 $10.00 will be charged for each transaction thereafter.

** If the minimum balance falls below $2,500 any day of the month, a maintenance service charge of $10.00 will be charged.


Premium Money Market

All the great features of your money market account, with premium rates.  Must have BN Premium Checking.  Click here to learn more about our Premium Money Market Savings Account.

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Tier Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
1 $2,500.00 - $24,999.99 0.05% $2,500.00
2 $25,000.00 - $74,999.99 0.20% $2,500.00
3 $75,000.00 - $249,999.99 0.30% $2,500.00
4 $250,000.00+ 0.40% $2,500.00
 

The Annual Percentage Yield (APY) is accurate as of: April 15, 2021

Interest rate may vary after account opening. Fees may reduce earnings.

Disclosures +

Must have a BN Premium Checking to qualify.

* 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 $10.00 will be charged for each transaction thereafter.

** If the minimum balance falls below $2,500 any day of the month, a maintenance service charge of 10.00 will be charged.


Certificates of Deposit

Choose the term that's right for you.

You can earn a higher interest rate when you lock-in to a specific term. Visit our Certificate of Deposit Calculator. Use this calculator on CD terms of 12 months or greater only. Select interest as "compound monthly".  IRAs are not offered via online account opening.  Please visit a branch or schedule an appointment.

Certificates of Deposit

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Term APY
12 months 0.30%
18 months 0.35%
36 months 0.50%
60 months 0.75%

The Annual Percentage Yield (APY) is accurate as of: April 15, 2021

The rate may change after the account is opened. Fees could reduce the earnings on the account.

Disclosures +

+Minimum to open a Certificate of Deposit is $1,000.  A penalty will be imposed for early withdrawal during the term of the CD. To be eligible for a Premium Gold CD, you must have at the time of account opening, a BN Premium Checking Account. BankNewport will not offer IRAs for online account opening.  

Premium Gold Certificates

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Term APY
12 months 0.40%
18 months 0.50%
36 months 0.75%
60 months 1.00%

The Annual Percentage Yield (APY) is accurate as of: April 15, 2021

The rate may change after the account is opened. Fees could reduce the earnings on the account.

Disclosures +

*Minimum to open a Certificate of Deposit is $1,000. A penalty will be imposed for early withdrawal during the term of the CD.  To be eligible for a Premium Gold CD, you must have at the time of account opening, a BN Premium Checking Account.  BankNewport will not offer Premium Gold IRAs for online account opening.