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Personal Banking Services : Checking
LOOP Account
The LOOP Account is a personal relationship account that rewards those customers who have an extensive banking association with NewportFed. It offers a wide range of cost-saving benefits.
Featuring:
  • Competitive Interest Rate
  • Minimum balance to open is only $50
  • Interest is compounded and credited monthly when a $1500 daily balance in the LOOP Account is maintained
  • The monthly service charge of $10 is waived when a combined balance in all deposit and loan accounts is just $5000.
  • 24 hour access to funds with the FREE Newport24 ATM Card/Visa Check Card
  • Easy to read monthly statement for accurate record keeping
  • Free online banking & bill payment
  • Open any checking account with NewportFed and receive a free gift!
Added benefits for LOOP Account customers include:
  • Unlimited check writing
  • Free Checks*
  • Free ATMs**
  • Free Travelers Checks (Checks for Two not included)
  • Special rate on CDs and IRAs
  • Special rate on Fixed Rate Home Equity Loans with auto deduction
  • Special rate on Installment Loans with auto deduction
*Blue Sheffield Wallet Style Checks.
** Other banks may impose a surcharge for use of their ATM.
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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.