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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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 0.20%
6 months 0.25%
12 months 0.75%
18 months 1.25%
24 months 1.00%
30 months 1.10%
36 months 1.25%
48 months 1.40%
60 months 1.60%

The Annual Percentage Yield (APY) is accurate as of: February 26, 2020


Premium Gold Certificates of Deposit*^

Term APY
3 months 0.25%
6 months 0.35%
12 months 1.00%
18 months 1.50%
24 months 1.25%
30 months 1.35%
36 months 1.50%
48 months 1.65%
60 months 1.85%

The Annual Percentage Yield (APY) is accurate as of: February 26, 2020

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: February 26, 2020

Disclosures +

*You must deposit $10,000 new money to open this account. New money is defined as funds not on deposit with BankNewport for the past 90 days. A BankNewport personal checking account is required to be eligible for this product. CD/IRA Special will not be offered via online account opening. Minimum to open a Certificate of Deposit is $1,000. Minimum to open an 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.

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 0.25%
12 months 0.75%
18 months 1.25%
24 months 1.00%
30 months 1.10%
36 months 1.25%
48 months 1.40%
60 months 1.60%

The Annual Percentage Yield (APY) is accurate as of: February 26, 2020


Premium Gold IRAs*^

Term  APY
6 months 0.35%
12 months 1.00%
18 months 1.50%
24 months 1.25%
30 months 1.35%
36 months 1.50%
48 months 1.65%
60 months 1.85%

The Annual Percentage Yield (APY) is accurate as of: February 26, 2020

 

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: February 26, 2020

Disclosure +

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