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Personal Banking Services : Savings
Money Market Deposit Account
For those savers who are looking for a premium rate on return on their high balances - without tying up funds for a specific period of time - our Money Market Deposit Accounts may be the solution.

Featuring:

  • Competitive rates
  • Tiered rate structure offers higher interest rates as balance increases
  • Minimum balance to open is $2500
  • A mimimum balance of $2500 will waive the $10 monthly service charge
  • No monthly service charge when a $2500 balance is maintained
  • Limited check writing privileges
  • Interest is compounded daily and credited monthly when a $2500 daily balance is maintained
  • Easy to read monthly statement for accurate record keeping
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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.