Rhode Island Banking Rates

Too often people put money into an account and don’t think much of it until there’s a problem. However, if you’re serious about saving money, you should spend a little time looking into deposit account interest rates at banks and credit unions near you. Not only will researching nearby offers turn up great savings and CD rates–usually, better than the national average–a local institution will ensure your financial goals are met.

Now that we’re in a new month, it’s a good time to take a look at current interest rates in Rhode Island.

Rhode Island Banking Rates has compiled a list of the best interest rates in the city for savings accounts and certificates of deposit. Find out if your accounts measure up or if it’s time to open a new one with a better rate.

CD rates in have remained relatively steady over the past month, but there has been some movement. For anyone searching for the best CD rates today, below is a list of the top offers from banks and credit unions in , Rhode Island:

Highest 6-Month CD Rates

• Greenwood Credit Union: 1.5%
• Cranston Municipal Employees Credit Union: 1.35%
• Coastway Credit Union: 1.25%

• Greenwood Credit Union: 2%
• Coastway Credit Union: 1.5%
• Cranston Municipal Employees Credit Union: 1.5%

• Greenwood Credit Union: 2.25%
• Cranston Municipal Employees Credit Union: 2.1%
• Pawtucket Credit Union: 2.05%

If you live in the state of Rhode Island and are thinking about opening a 2 Year CD account, there are certain account characteristics you’ll need to consider before choosing the best account for you. Things like the minimum balance required and term length of your CD are important, but the interest rate you’ll earn is at the top of the list.

Longer term lengths generally yield higher CD rates, which is why a 24-month CD is a great investment option. That doesn’t necessarily mean every 2 year CD rate is good, however. Rhode Island Banking Rates can help familiarize you with the rates available in state and find the rates that are truly competitive for the area.

Have you been wondering about prime lending rates in Rhode Island? Rhode Island Banking Rates wants to find you the information you need. Whatever your financial dreams and desires may be, we could help you make them a reality. Some rates include:

• Rhode Island mortgage refinance rates
• Rhode Island CD rates and savings account rates
• More bank rate information available from US Banking Rates

We work with a smart and savvy network of mortgage brokers, loan officers and other financial professionals who are eager to share their expertise with you. Before applying for a loan of any type get a free credit report from Go Free Credit. Rhode Island Banking Rates is here to help – and best of all, we do it for free.

A clear advantage of investing in CD‘s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from Rhode Island Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.

One of the best ways to grow your savings in \{City/State\}, beyond getting the best interest rates from your bank, is to set-up an automatic savings plan. You can work with your bank to automatically take any amount from a checking account or a pay check that is direct deposited or from other accounts and add to your savings account each month. This way, you know your savings account is growing every month no matter what with the automatic amount plus the interest payments from your bank based on the bank rate.