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.

Which of our offerings can we help you with today?

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: 
10 Month¹ 5.00%
New or Existing Money:
24 Month² 4.50%

The Annual Percentage Yield (APY) is accurate as of: May 24, 2024

Disclosures +

¹ Minimum to open a 10-Month Special (New Money) Certificate of Deposit is $10,000 New Money, New Money is defined as funds not 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.

² Minimum to open a 24-Month Special Certificate of Deposit is $1,000, minimum to open a 24-Month Special 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.

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: May 24, 2024

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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: May 24, 2024

Open Now

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.

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 CD Products. Open an account

Term APY
New Money 
10 Month¹ 5.00%
New or Existing Money
24 Month² 4.50%

The Annual Percentage Yield (APY) is accurate as of: May 24, 2024

Disclosures +

¹ Minimum to open a 10-Month Special (New Money) Certificate of Deposit is $10,000 New Money, New Money is defined as funds not 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.

² Minimum to open a 24-Month Special Certificate of Deposit is $1,000, minimum to open a 24-Month Special 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*

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: May 24, 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: May 24, 2024

 

Disclosure +

*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: May 24, 2024

Disclosure +

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