Newport Federal Savings Bank

With e-Loop Checking, a free, high-interest checking account from Newport Federal Savings Bank, you receive amazing benefits (see list below) when you meet the simple qualifications each monthly qualification cycle.

If there's a month you don't meet the qualifications, don't worry! There's no penalty and you still have a free checking account that earns a base rate of interest and has no minimum balance to maintain the account. And you can get right back to earning a high rate and nationwide ATM fee refunds the next month you qualify.

To meet the qualifications, do the following each monthly qualification cycle:

• Have 10 check card purchases post and settle (ATM usage does not count toward the 10 purchases)
• Have 1 Automatic Payment or Direct Deposit post and settle
• Be enrolled and receive e-statement notice

Other Features

• Free checking
• No minimum balance to get the high interest
• Free VISA Check Card
• Free online banking
• Free online bill pay
• All new accounts automatically qualify for the first monthly cycle

*APYs accurate as of 04/15/13. Rates may change after account is opened. Minimum to open account is $50.00. If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $4.99 per single transaction and credited to account on the last day of monthly statement cycle: (2) balances up to $50,000 receive APY of 0.50%; and (3) balances over $50,000 earn 0.10% interest rate on portion of balance over $50,000, resulting in 0.50% - 0.23% APY depending on the balance. If qualifications are not met, all balances earn 0.05% APY. Qualifying transactions must post to and clear account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and clear an account. "Monthly Qualification Cycle" means a period beginning on the 11th day of the month and posted to the account on the statement cycle date (usually the 15th). ATM fees incurred or debit card purchases made on the 12th day or later, up to and including the cycle date, will be calculated and rebated on the following month's statement. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. ATM transactions are not qualifying debit card transactions. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher no later than 30 days after the statement cycle where the reimbursement was applicable.

Since our founding in 1888, NewportFed has been meeting the savings and borrowing needs of our local community.
NewportFed provides mortgages, equity loans, lines of credit, and auto loans from each of our branch offices. We also service all of our mortgages locally. Our web site has several loan calculators to assist you in your upcoming borrowing needs.

With the introduction of web banking, NewportFed continues to expand our products and services to meet the needs of our customers. As always, you can stop by or call to receive the personal touch for which we are so well recognized.

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.