Today’s Savings Account Interest Rates in Rhode Island

April 26, 2011

If one of your goals this year is to save money, why not start with where you deposit your money? A good savings account rate can help you earn a little bit of interest every day, which after time can amount to big savings. Savings account rates change all the time, so let’s take a look at what rates are currently available within your state.

Current Rhode Island Savings Rates

Rhode Island Banking Rates collects up-to-date rates information from banks and credit unions within the entire state. Savings rates in Rhode Island are apt to fluctuate from month to month, so it’s a good idea to check rates information frequently.

Number of Savings Accounts Availabe in Rhode Island

As of April 25, 2011, Rhode Island Banking Rates records a total of 6 savings accounts available in Rhode Island.

Highest Rhode Island Savings Rate

Now, let’s look at the best rates available in your area. Out of these accounts, the highest possible rate in our database you can obtain is 1% APY.

Lowest Rate for Savings Accounts

Just to do a little comparison, let’s look at what the lowest savings rate is in Rhode Island. We’ve found that the lowest savings rate available to date is 0.25% APY.

Average Savings Interest Rate in Rhode Island

Let’s say you wanted to compare these numbers to what savings rates a year ago. That would mean you’d have to look at the average in Rhode Island. 0.46% APY is the average as of today.

The Best Rhode Island Savings Interest Rates

Now for the best part. Let’s take a look at who’ s offering the very best savings account rates in Rhode Island.

• Greenwood Credit Union: 1%
• Alliance Blackstone Valley Credit Union: 0.5%
• Cranston Municipal Employees Credit Union: 0.5%

Please note the above rates are accurate as of the publish date, but are subject to change at any time at the discretion of the financial institutions.