Certificates of Deposit & IRAs

Certificates of Deposit (CDs) and IRAs are a great way to plan ahead. Find the right terms and rates to help you meet your goals for the future!

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The Annual Percentage Yield (APY) is accurate as of: July 26, 2021

Disclosures +

*Minimum to open a CD/IRA Special New Money is $10,000. “New Money” is defined as funds not on deposit with BankNewport for the past 90 days. A penalty will be imposed for early withdrawal during the term of the CD/IRA. For IRA accounts, additional IRS penalties may apply. Consult your tax advisor. A BankNewport personal checking account is required for this product. CD/IRA Special will not be offered via online account opening. Offer may be withdrawn at any time.


Certificates of Deposit

You can earn a higher interest rate when you lock into a specific term for a period of 90 days to 5 years. Not all Certificates of Deposit are available online.

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Current CD Account Rates

Certificates of Deposit*

Term APY
3 months 0.15%
6 months 0.20%
12 months 0.25%
18 months 0.30%
24 months 0.35%
36 months 0.50%
48 months 0.60%
60 months 0.75%

The Annual Percentage Yield (APY) is accurate as of: July 26, 2021


Premium Gold Certificates of Deposit*^

Term APY
3 months 0.20%
6 months 0.25%
12 months 0.35%
18 months 0.40%
24 months 0.45%
36 months 0.60%
48 months 0.75%
60 months 1.00%

The Annual Percentage Yield (APY) is accurate as of: July 26, 2021

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.

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The Annual Percentage Yield (APY) is accurate as of: July 26, 2021

Disclosures +

*Minimum to open a CD/IRA Special New Money is $10,000. “New Money” is defined as funds not on deposit with BankNewport for the past 90 days. A penalty will be imposed for early withdrawal during the term of the CD/IRA. For IRA accounts, additional IRS penalties may apply. Consult your tax advisor. A BankNewport personal checking account is required for this product. CD/IRA Special will not be offered via online account opening. Offer may be withdrawn at any time.


IRAs

Traditional, Roth and Education IRA (Individual Retirement Account) certificates are available for periods of 6 months or more.

Current IRA Rates

IRAs*

Term APY
6 months 0.20%
12 months 0.25%
18 months 0.30%
24 months 0.35%
36 months 0.50%
48 months 0.60%
60 months 0.75%

The Annual Percentage Yield (APY) is accurate as of: July 26, 2021


Premium Gold IRAs*^

Term  APY
6 months 0.25%
12 months 0.35%
18 months 0.40%
24 months 0.45%
36 months 0.60%
48 months 0.75%
60 months 1.00%

The Annual Percentage Yield (APY) is accurate as of: July 26, 2021

 

Disclosure +

* The minimum deposit to open an IRA certificate is $500 and a penalty will be imposed for early withdrawal. For IRA accounts, additional IRS penalties may apply. Consult your tax advisor.

^To be eligible for a Premium Gold IRA, you must have at the time of account opening, a BN Premium Checking Account. Please see a Customer Service Representative to determine eligibility.


IRA Statement Savings

IRA Statement Savings offers a great way to save money so you can start building your retirement savings when ready.

Minimum Deposit to Open Minimum Daily Balance to Earn APY APY †
$100.00 $100.00 0.05%

The Annual Percentage Yield (APY) is accurate as of: July 26, 2021

Disclosure +

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