At NewportFed, we know that everyone's checking needs are rarely the same. For that reason, we are pleased to offer you a wide variety of personal and business checking accounts, all with differing benefits and terms to match your banking preferences.
Open any checking account with NewportFed and receive a free gift!
| Checking Account Comparison Chart |
| |
Totally
FREE
Checking |
VIP
Interest
Checking |
High
Value
Checking |
e-LOOP
Checking |
Minimum balance
requirement |
No |
No |
$1000 |
No |
Maintenance fee if
balance falls below
minimum requirement
or monthly fee |
No |
No |
$8 (waived with $1000 min. balance) |
No |
| Per-check Charges |
No |
No |
No |
No |
| Pays Interest |
No |
Yes |
Yes, plus premium interest on balances
> $1,000 |
Pays CD-like rates on balances up to $50,000 and competitive rates on the portion of the balance above $50,000 when certain requirements are met. |
| Unlimited Check Writing |
Yes |
Yes |
Yes |
Yes |
| Free Checks |
No |
No |
No |
No |
| Free ATM Card/Visa Check Card |
Yes |
Yes |
Yes |
Yes |
| Free Online Banking |
Yes |
Yes |
Yes |
Yes |
| Free Bill Pay Service |
Yes |
Yes |
Yes |
Yes |
| Free Mobile Banking |
Yes |
Yes |
Yes |
Yes |
Notice Of Changes In Temporary FDIC Insurance Coverage For Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
More information on any of our products and services can be requested through e-mail (warning: do not send confidential information via email) or by calling us at (401) 847-5500.
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