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.

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Save the way you want with the right account.

Goal Saver Account

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Our Goal Saver Account is perfect for any savings goal, holiday shopping, or saving up to go on your dream vacation. The account allows you to make regular deposits throughout the year and receive a lump sum distribution on the date of your choice.

Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
$25.00 0.02% $5.00

The Annual Percentage Yield (APY) is accurate as of: March 28, 2024

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

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Disclosures +

The annual payout date will be determined by you upon opening the account. The annual payout will be deposited or credited to the associated account. One withdrawal is allowed during each consecutive 12 month period following each payout date. The annual payout date may not be changed until after your initial payout date has been reached. An early withdrawal fee of $5.00 will be charged for each one time withdrawal made prior to the scheduled annual payout date. An early withdrawal fee of $5.00 will be charged if the account is closed before the annual payout.

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: March 28, 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: March 28, 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: March 28, 2024

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

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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.

Platinum Investment Savings

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The Platinum Investment Savings is our premier savings account, with benefits that include: Tiered interest rates, free digital banking, combined monthly statements, and no monthly maintenance service charge when you maintain a daily balance of $1,000 or more. 

Tier Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
1 $1,000.00 - $24,999.99 0.05% $100.00
2 $25,000.00 - $49,999.99 0.10% $100.00
3 $50,000.00 - $99,999.99 0.15% $100.00
4 $100,000.00+ 0.20% $100.00

The Annual Percentage Yield (APY) is accurate as of: March 28, 2024

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

Disclosures +

If the daily balance falls below $1,000 a monthly maintenance service charge of $10.00 will be charged.