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| Personal Banking
Services : Checking |
| e-LOOP
Checking Account |
 At
NewportFed,we are committed to providing you a
better way to bank. In an effort to make banking
more convenient and simultaneously, environmentally
friendly, we have created several safe and secure
ways for our customers to bank electronically.
One example is to encourage the use of electronically
delivered monthly statements, instead of paper.
Not only does that help the environment, but
it reduces our cost of doing business. Those savings
can then be passed on to those of you who use
our electronic banking options to their fullest
extent. The result is the e-Loop Checking Account;
a free account with an annual percentage yield
(APY) as high, and in most cases, higher than
some of the best certificate of deposit rates,
only with far more convenience and accessibility.
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| Earning a High Rate
of Interest is as Easy as 1, 2, 3
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| Customers with e-Loop Checking
earn a high rate of interest on balances up
to $50,000! And that’s not all. e-Loop
account holders can use any ATM, anywhere
in the country, FREE! Earning these substantial
benefits is as easy as 1,2,3… just meet
the following requirements during each monthly
statement cycle: |
- Make at least 10 NewportFed
Visa® Check Card purchases
- Have one direct deposit
or automated clearing house (ACH) debit
transaction*
- Receive statements electronically
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The best part is that these
requirements are convenient and at no cost
to you! Even if you do not meet the requirements
in a monthly cycle, your account remains
free and you still earn a competitive rate
of interest. In that case, ATM fees will
apply as well. However, you can pick right
up in the next month and qualify again for
the high interest reward and the free ATMs.
You always control your ability to earn
the highest rate and no cost ATM features
of the account!
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| *An Automated Clearing House
(ACH) debit transaction is an electronic payment
to a qualified third party vendor (such as
insurance payment, health club payment, cable
bill, etc.) |
| And There’s More… |
| You can benefit even further
by participating in NewportFed’s Visa
Check Card “Dime-A-Sign”program.
All you have to do is, when you’re asked,
“debit or credit?” say “credit,”
sign for your purchase, and we’ll pay
you a dime! That’s it…it’s
that easy! Just say “credit” and
watch the dimes grow in your account! |
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* 6.01% APY on balances up to
$50,000; 1.00% APY on the portion above $50,000.
If requirements are not met within the statement
cycle, an APY of .10% will be paid on the entire
balance. Call for details.
APY Effective as of October 10, 2007 until changed. |
| Back |
| 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.
To best serve its customers, NewportFed will
only accept deposits from the market areas
contiguous to our branch
locations. |
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