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: November 21, 2024
Interest rate may vary after account opening. Fees may reduce earnings.
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: November 21, 2024
Interest rate may vary after account opening. Fees may reduce earnings.
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.