Are you searching for the highest CD rates in Rhode Island to grow your savings faster? Look no further! Our team of financial experts has meticulously researched and compiled a comprehensive guide to help you find the best CD rates in the state.
With interest rates on the rise, now is an ideal time to lock in a high CD rate and secure a stable return on your savings. Our expert analysis provides you with the key strategies, tips, and tricks to maximize your earnings.
Bank/Credit Union | 12-Month CD Rate | 24-Month CD Rate | 36-Month CD Rate |
---|---|---|---|
Newport Federal Credit Union | 4.15% | 4.45% | 4.75% |
BankNewport | 3.90% | 4.20% | 4.50% |
Citizens Bank | 3.75% | 4.05% | 4.35% |
First National Bank of Rhode Island | 3.85% | 4.15% | 4.45% |
Quonset Credit Union | 3.95% | 4.25% | 4.55% |
According to data from the FDIC, the average CD rates in Rhode Island as of March 2023 are as follows:
Term | Average Rate |
---|---|
12-Month CD | 3.60% |
24-Month CD | 3.90% |
36-Month CD | 4.20% |
Getting Started with the Highest CD Rates in Rhode Island
Pros and Cons of High CD Rates
Pros:
Cons:
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