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NewportFed is offering their eLoop Checking account that currently has an 5.51% APR for balances under $50,000. The minimum opening balance for this high yield checking account is $50. Any portion of the balance over $50,000 only earns a 1% APY. NewportFed is based in Newport RI, has been around since 1888 and is FDIC insured. You can open a checking account online or by calling (401)847-5500 Here are the requirements to qualify for the checking account rate. 1. Make at least 10 NewportFed Visa® Check Card purchases You will need following information to open the account:
NewportFed eLoop Checking Account Application:
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