Frequently Asked Questions

Newport Exchange Corp places each exchange in a separate account at Northern Bank & Trust Co. This separate account arrangement avoids commingling and makes accounting and reconciling very easy. While most Qualified Intermediaries keep for themselves any interest earned on the account, Newport splits the interest with the client. As of June 1, 2016 the total annual interest earned is 75 basis points, with the client and Newport earning 37.5 basis points each.