Highest CD Rates in Rhode Island
Today, as we here at Highest CD Rates Info continue our look at regional certificates of deposit, we are looking at the best CD rates in Rhode Island.
We will list these highest CD rates by term and then rank by annual percentage yield (APY) and give any other pertinent information about them like minimum deposits and special requirements, if any.
1 Year Term Highest CD Rates in Rhode Island
The best current CD rates for this term are at Ally Bank and Aurora Bank, both with a 2.00% APY, though Ally has no minimum deposit requirement and Aurora requires $1,000 in deposit. Washington Trust has a 1.05% APY with a $500 minimum deposit and Webster Bank has a 1.00% APY with a $1,000 minimum deposit required.
3 Year Term Rhode Island CD Rates
Again, top rates are at Ally Bank with a 2.75% APY and no minimum deposit required. Bank of America has a 2.05% APY with a $1,000 minimum deposit required and Webster bank has a 2.00% APY with a $1,000 minimum deposit requirement as well.
5 Year Term Best CD Rates in Rhode Island
For this longer term, the highest CD rates are still at Ally Bank with a 3.40% APY and no minimum deposit required. Webster Bank has a 3.00% APY with a $1,000 minimum deposit requirement and Bank of America has a 2.75% APY with a $1,000 minimum as well. Washington Trust has a 2.40% APY with a $500 minimum that’s also worth mentioning here.
All banks listed are FDIC insured. Current CD rates change often, so if any of these highest CD rates in Rhode Island appeal to you, lock yours in today.