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| Personal Banking Services :
Savings |
| Certificates of Deposit |
| Our Certificates of Deposit (CDs)
were designed to help you meet your short and long
term investment needs. In order to meet the safety
and security features needed for retirement planning,
many of our CDs are available as Individual Retirement
Accounts. |
Short Term Certificates of
Deposit
Featuring:
- Automatic renewal
- Competitive rates
- Terms ranging from 91 days to 11 months
- Minimum balance to open is $2,500
- No monthly service charge
- Simple interest posted at maturity
- Funds may be added at maturity
- Insured up to $100,000 by FDIC
- As with most CD's, there is a penalty for
early withdrawal of principal
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| Long Term Certificates of Deposit
Featuring:
- Automatic renewal
- Competitive rates
- Terms ranging from 1 year to 5 years
- Minimum balance to open is $1,000
- No monthly service charge
- Interest is compounded daily and posted quarterly
- Funds may be added at maturity
- Insured up to $100,000 by FDIC
- As with most CD's, there is a penalty for
early withdrawal of principal
- Interest can be withdrawn at any time
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| 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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