Top 24-Month (2-Year) CD Rates in Rhode Island: April 25, 2011

Looking at the state of the financial world today, an investor has few options in terms of safe places to deposit money. The stock market is volatile, many people lost thousands from their 401(k)s and real estate is up and down.

Certificates of deposit, however, offer a great short or long-term investment opportunity. You many not be thinking too much about what will happen over the next two years, but putting your money in a 2-year CD will mean you may be able to afford a down payment on a house, a new car or another expense that you can’t afford right now.

How to Find the Best 24-Month CDs in Rhode Island

So, where to start? The first thing you should do is look for a great rate. They fluctuate daily and vary from bank to bank and credit union to credit union. However, Rhode Island Banking Rates sifts through the best rates in the state so you don’t have to do the heavy lifting. Below are the current Rhode Island 2-year CD rates available today.

Highest and Lowest Rhode Island 2-Year CD Rates

Let’s take a look at the current state of interest rates in your area today. First, the average Rhode Island 2-year CD rate among the financial institutions in our database is currently 1.33% APY.

Now, let’s break that down a little bit. Currently, in Rhode Island, there are a total of 6 CD accounts available with a term length of 24 months. The highest rate available out of those accounts is 1.5% APY, while the lowest we found is 1% APY.

With this information, you can shop around for the best CD rates in your area and achieve financial success. A 2-year CD, or any CD for that matter, is an investment you can rely on to grow your savings without risk.

Please note that rates are accurate as of April 21, 2011 but are subject to change at any time. You can find up-to-date rates information, including 6 month and 1-year CD rates by referring to our Rhode Island CD Rates page.