Certificates of Deposit & IRAs
Certificates of Deposit (CDs) and IRAs are a great way to plan ahead with terms and rate options to help you meet your financial goals. Open a CD today or discuss setting up an IRA to enhance your long-term financial plans.
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. Open any CD today with our easy online application process.
Current CD Account Rates
Current Promotional Rates
A BankNewport Personal Checking Account is required to enroll in Promotional CD Products. Open an account
| Term | APY |
| New Money: | |
| 7 Month1 | 4.50% |
| New or Existing Money: | |
| 7 Month2 | 4.25% |
The Annual Percentage Yield (APY) is accurate as of: December 15, 2024
1Minimum to open a 7-Month Special Certificate of Deposit/IRA is $1,000. All funds must be New Money. New Money is defined as funds on deposit with BankNewport for less than 30 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.
2Minimum deposit to open a 7-Month special Certificate of Deposit/IRA is $1,000 with existing money. 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 CD/IRA Specials.
Certificates of Deposit*
| Term | APY |
| 12 months | 4.00% |
| 18 months | 3.75% |
| 24 months | 3.75% |
The Annual Percentage Yield (APY) is accurate as of: December 15, 2024
Premium Gold Certificates of Deposit*^
| Term | APY |
| 12 months | 4.00% |
| 18 months | 3.75% |
| 24 months | 3.75% |
The Annual Percentage Yield (APY) is accurate as of: December 15, 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.
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
A BankNewport Personal Checking Account is required to enroll in Promotional Products. Open an account
| Term | APY |
| New Money | |
| 7 Months1 | 4.50% |
| Existing Money | |
| 7 Months2 | 4.25% |
The Annual Percentage Yield (APY) is accurate as of: December 15, 2024
1Minimum to open a 7-Month Special Certificate of Deposit/IRA is $1,000. All funds must be New Money. New Money is defined as funds on deposit with BankNewport for less than 30 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.
2Minimum deposit to open a 7-Month special Certificate of Deposit/IRA is $1,000 with existing money. 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 CD/IRA Specials.
IRAs*
| Term | APY |
| 12 months | 4.00% |
| 18 months | 3.75% |
| 24 months | 3.75% |
The Annual Percentage Yield (APY) is accurate as of: December 15, 2024
Premium Gold IRAs*^
| Term | APY |
| 12 months | 4.00% |
| 18 months | 3.75% |
| 24 months | 3.75% |
The Annual Percentage Yield (APY) is accurate as of: December 15, 2024
*Minimum to open an IRA is $500. A penalty will be imposed for early withdrawal during the term of the IRA.
^To be eligible for a Premium Gold IRA, 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: December 15, 2024
† The rate may change after the account is opened. Fees could reduce the earnings on the account.