Best Rhode Island CD Rates

The best Rhode Island CD rates by banks are just slightly less that the highest nationally available rates, but are still better than the national average. Ever since the financial crisis, people would feel more comfortable by knowing their bankers and that they are a part of their community.

The current Coastway Community Bank was originally founded as the Telephone Workers Credit Union in 1920. In 2009, this CU converted to a Mutual Savings Bank and is now known as Coastway Community Bank to better serve their neighbors. The 5 year CD has an APY of 3.00%. The 4 year CD has an APY of 2.75%. The 3 year CD has an APY of 2.50%. The 2 year CD has an APY of 2.00%. The 18 month CD has an APY of 1.75%. The 12 month CD has an APY of 1.50%, and the 6 month CD has an APY of 1.25%. This requires a minimum of $1000 deposit. These rates were posted on August 7, 2009 and were still current as of July 1, 2010.

Webster Bank was founded in 1935 to help the neighbors in the surrounding community to purchase affordable housing. Its original name was the First Federal Savings of Waterbury but was renamed for its founder in 1995, to honor Harold Webster Smith. Their CD rates are competitive. The 5 year CD has an APY of 3.00%. The 4 year CD has an APY of 2.50%. The 3 year CD has an APY of 2.00%. The 2 year CD has an APY of 1.50%. The 15 month CD has an APY of 1.20%, and the 6 month CD has an APY of 0.40%. This requires a minimum of $1000 deposit. These rates were posted on July 1, 2010.

These two financial institutions offer the best Rhode Island CD rates by any local bank in the state.

For additional resources about CDs on this website about another state, please view Best 36 Month CD Rates Florida.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember – the bigger the risk, the larger the reward or loss. Invest with caution.

Posted : July 1st, 2010 by Douglas

Tags: bank cd rates, Best CD Rates, CD rates, investing, money, Rhode Island

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Missouri CD Rates | Best CD Rates Says:

[...] These are two of the better Missouri CD rates offered by local financial institutions. For additional resources about CDs on this website about another state, please view Best Rhode Island CD Rates. [...]

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