Savings Accounts

Whether you’re saving for the future, your first home, or a special vacation, BankNewport has the services to help you reach your goals.

Save the way you want with the right account

Statement Savings

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Our Statement Savings account makes saving easy. You can earn interest with as little as $100, avoid fees and enjoy unlimited access to your money with a BankNewport ATM card.

Tier Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
1 $100.00 - $2,499.99 0.05% $100.00
2 $2,500.00+ 0.05% $100.00

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

Interest rate may vary after account opening. Fees may reduce earnings.

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Disclosures +

If the daily balance falls below $100.00 a monthly maintenance service charge of $3.00 will be charged.

Customers under age 18 or age 62 and over, may have one Statement Savings account with no maintenance service charge.

Money Market Savings

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Get the convenience of check writing and a great interest rate with our Money Market Savings. Features include: Tiered interest rate structure, unlimited ATM usage, convenient check writing, and no monthly maintenance service charge when you maintain a daily balance of $2,500 or more.

Tier Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
1 $2,500.00 - $9,999.99 0.02% $2,500.00
2 $10,000.00 - $24,999.99 0.05% $2,500.00
3 $25,000.00 - $49,999.99 0.10% $2,500.00
4 $50,000.00 - $74,999.99 0.15% $2,500.00
5 $75,000.00+ 0.20% $2,500.00

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

Interest rate may vary after account opening. Fees may reduce earnings.

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Disclosures +

 If the minimum balance falls below $2,500.00 any day of the month in a statement cycle, a maintenance service charge of $10.00 will be charged.

Premium Money Market

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All the great features of your Money Market Savings account, but with premium rates! Includes tiered interest rate structure, unlimited ATM usage, convenient check writing, and no monthly maintenance service charge when you maintain a daily balance of $2,500 or more. Must have BN Premium Checking to open.

Tier Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
1 $2,500.00 - $24,999.99 0.05% $2,500.00
2 $25,000.00 - $74,999.99 0.15% $2,500.00
3 $75,000.00 - $249,999.99 0.50% $2,500.00
4 $250,000.00+ 2.00% $2,500.00
 

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

Interest rate may vary after account opening. Fees may reduce earnings.

Open Now

Disclosures +

Tax reported for owner must have a BN Premium Checking account.

If the minimum balance falls below $2,500 any day of the month in a statement cycle, a maintenance service charge of $10.00 will be charged.