Newton Federal Bank

Headquarters

3175 Highway 278
Covington, GA 30014
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.10% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Newton Federal Bank is an FDIC insured institution located in Covington, GA. It was founded in 2017 and has approximately $0 billion in assets.

FDIC Insured Yes
FDIC Certificate # 59103
Date Established 2017
Assets N.A.
Loans N.A.
Deposits N.A.
Capital N.A.
 

For a more detailed analysis of Newton Federal Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 18, 2021

Your Current Location: Connecticut, CT 06828

Online Only Savings Rates of FitnessBank, a division of Newton Federal Bank

Online Savings Rates APY MIN MAX
Fitness Savings
0.55% $100 - Learn More

Bank Online Offers

Fitness Bank Lowers Top Tier Savings Rate to 2.60% APY
Oct 31, 2019

On November 1, 2019, Fitness Bank is lowering its savings rate to 2.60% APY for those customers who download the bank's app and record an average daily activity of 12,500 steps or more.   Those customers averaging between 10,000 and 12,500 steps will now receive a 2.34% APY.

At the 2.60% APY, Fitness Bank's savings account remains the highest yielding online savings account in the U.S.   See all of the best online savings rates here.   You may still find higher savings rates locally and should compare those rates here.


Fitness Bank Lowers Top Tier Savings Rate to 0.70% APY
Nov 30, 2020

Those FitnessBank account holders who are most active will be able to earn up to 0.70% APY in December (down from 0.85% APY in November).   This rate requires 12,500 average daily steps for users under 65 and 10,000 for those over 65.


Fitness Bank Lowers Top Tier Savings Rate to 0.65% APY
Feb 1, 2021

FitnessBank has lowered its top tier savings rate from 0.70% to 0.65%.   The rate is extended to those customers averaging over 12,500 steps per day (or those over 65 averaging over 10,000 steps per day).


Fitness Bank Lowers Top Tier Savings Rate to 0.55% APY
Aug 2, 2021

Fitness Bank has lowered its top tier savings rate by 10 basis points today.   The rate requires 12,500 average steps (or 10,000 for those over 65).


 

Loan Rates - October 18, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Newton Federal Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Simplist Mortgage, LLC
NMLS ID: 1764611
License#: ML-1764611
2.763% 2.690%
1.00 points
$2,368 fees
$1,013 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Newton Federal Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Newton Federal Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Newton Federal Bank Locations



Climate Initiatives

Newton Federal Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Newton Federal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Newton Federal Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Newton Federal Bank U.S. Bank Average
NAN% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2021, Newton Federal Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $0 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of NAN%.

Return on Equity
Newton Federal Bank U.S. Bank Average
0% 11.29%

Newton Federal Bank has a Return on Equity of 0% versus the BestCashCow average of 11.29%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Newton Federal Bank U.S. Bank Average
NAN% 11.72%

Newton Federal Bank has a Capitalization of NAN% versus the BestCashCow average of 11.72. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Newton Federal Bank Balance Sheet Analysis

As of March 31, 2017, Newton Federal Bank had assets of $0, loans of $0, and deposits of $0. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2021
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases N.A.
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits N.A.
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity N.A.

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Newton Federal Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Newton Federal Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans nan
Multifamily
Mortgages
nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Frequently Asked Questions About Newton Federal Bank

Branches and Savings

Is Newton Federal Bank FDIC insured?

Yes. It is covered under FDIC Certificate #59103.

Why does Newton Federal Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Newton Federal Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Newton Federal Bank a commercial bank?

Yes

Where are Newton Federal Bank locations?

See branch locations nearby.

Is Newton Federal Bank open on Saturdays?

Is Newton Federal Bank open on Sundays?

What time does Newton Federal Bank open?

What time does Newton Federal Bank close?

Are Newton Federal Bank ATMs Open 24/7?

Do Newton Federal Bank ATMs accept cash deposits?

Can Newton Federal Bank customers use other ATMs?

Do Newton Federal Bank branches have notaries?

Will Newton Federal Bank notarize my document?

What address for Newton Federal Bank should I put for incoming ACH transfers?

Will the Newton Federal Bank branch print checks?

Do Newton Federal Bank checks expire?

Does Newton Federal Bank require US citizenship to open account?

Can Newton Federal Bank close my account?

Does Newton Federal Bank Report to credit bureaus?

Does Newton Federal Bank Use Equifax?

What is Newton Federal Bank's ACH Routing Number?

What is Newton Federal Bank's SWIFT code?

Products

Does Newton Federal Bank offer mortgages?

Compare mortgage rates here.

Does Newton Federal Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Newton Federal Bank offer personal loans?

Compare personal loan rates here.

Does Newton Federal Bank offer student loans?

Will Newton Federal Bank cash a check?

Will Newton Federal Bank redeem a savings bond?

Does Newton Federal Bank cash savings bonds?

Will Newton Federal Bank cash money orders?

Can Newton Federal Bank issue a money order?

Does Newton Federal Bank do currency exchange?

Background on The Bank

Who owns Newton Federal Bank?

How long has Newton Federal Bank been around?

Can Newton Federal Bank transfer to other banks?

Does Newton Federal Bank have quick pay?

Does Newton Federal Bank accept rolled coins?

Will Newton Federal Bank accept loose change?

Where is Newton Federal Bank headquarters?

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