Current Promotions
The Annual Percentage Yield (APY) is accurate as of: April 27, 2024
***Minimum to open an 11-Month Special (Existing Money) Certificate of Deposit is $1,000, minimum to open an 11-Month Special (Existing Money) IRA is $500. 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 the CD/IRA Specials.
Current CD Account Rates
Current Promotional Rates
| Term | APY |
| New Money: | |
| N/A | |
| Existing Money: | |
| 11 Month*** | 5.00% |
| 18 Month*** | 4.25% |
| 24 Month*** | 4.25% |
The Annual Percentage Yield (APY) is accurate as of: April 27, 2024
** New Money - Minimum to open a 10-Month Special (New Money) Certificate of Deposit/IRA is $10,000 with a maximum deposit of $250,000. All funds must be New Money. New Money is defined as funds that have not been on deposit with BankNewport for 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 the CD/IRA specials. One 10-Month Special (New Money) CD/IRA household. The Annual Percentage Yield (APY) is accurate as of: February 22, 2024
***Existing Money - Minimum to open a 11 Month, 18 Month, and 24 Month Special (Existing Money) Certificate of Deposit is $1,000, minimum to open a 10 Month, 11 Month, 18 Month, and 24 Month Special (Existing Money) IRA is $500. A penalty will be imposed for early withdrawal during the term of the CD/IRA. For IRA accounts, additional IRS penalties may apply. A BankNewport personal checking account is required. Consult your tax advisor. Offer may be withdrawn at any time.
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: April 27, 2024
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: April 27, 2024
*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.
Current Promotions
The Annual Percentage Yield (APY) is accurate as of: April 27, 2024
***Minimum to open an 11-Month Special (Existing Money) Certificate of Deposit is $1,000, minimum to open an 11-Month Special (Existing Money) IRA is $500. 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 the CD/IRA Specials.
IRAs
Traditional, Roth and Education IRA (Individual Retirement Account) certificates are available for periods of 6 months or more.
Current IRA Rates
Current Promotional Rates
| Term | APY |
| New Money | |
| N/A | |
| Existing Money | |
| 11 Month*** | 5.00% |
| 18 Month*** | 4.25% |
| 24 Month*** | 4.25% |
The Annual Percentage Yield (APY) is accurate as of: April 27, 2024
** New Money - Minimum to open a 10-Month Special (New Money) Certificate of Deposit/IRA is $10,000 with a maximum deposit of $250,000. All funds must be New Money. New Money is defined as funds that have not been on deposit with BankNewport for 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 the CD/IRA specials. One 10-Month Special (New Money) CD/IRA household. The Annual Percentage Yield (APY) is accurate as of: February 22, 2024
***Existing Money - Minimum to open a 11 Month, 18 Month, and 24 Month Special (Existing Money) Certificate of Deposit is $1,000, minimum to open a 10 Month, 11 Month, 18 Month, and 24 Month Special (Existing Money) IRA is $500. A penalty will be imposed for early withdrawal during the term of the CD/IRA. For IRA accounts, additional IRS penalties may apply. A BankNewport personal checking account is required. Consult your tax advisor. Offer may be withdrawn at any time.
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: April 27, 2024
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: April 27, 2024
*Minimum to open a IRA Certificate of Deposit is $500. 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.
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: April 27, 2024
† The rate may change after the account is opened. Fees could reduce the earnings on the account.
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