Image Courtesy: pixabay.com
Image Courtesy: pixabay.com
You are viewing rates from banks across Rhode Island
Below are two-year Certificates of Deposit (CD) rates from banks in Rhode Island. Two-year CDs generally offer a higher rate than 1-year CDs but require a longer commitment. Depending on the economy, longer term CDs may or may not offer more premium as the term increases. If you expect rates on bank products to drop, can afford to lock the money away, and feel you are receiving enough premium for the time commitment, then longer-term CDs may be appropriate.
RI - November 2, 2024
2 Year CD National Average : 0.66% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
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4.15% |
$500 |
- |
Learn More
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Rate History: 4.35% → 4.15% |
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James A. Elder | Mar 25, 2020 I was told on the phone by a bank rep that my present money market acct interest rate would continue at 2.25% until June 30, 2020 and would be FDIC covered up to $250,000. Please verify if this is true???... Read More |
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4.05% |
$1,000 |
- |
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Early Withdrawal Penalty is 180 days interest.
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Rob H. | Nov 21, 2023 A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More |
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3.87% |
$1,000 |
- |
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3.82% |
$1,000 |
- |
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3.75% |
$1,500 |
- |
Learn More
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Early Withdrawal Penalty is 180 days interest.
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Dkplan | Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More |
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3.75% |
$1,000 |
- |
Learn More
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Rate History: 0.50% → 2.00% → 3.50% → 4.00% → 3.75% |
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Jacob | Jan 30, 2020 Find branch personnel are genuinely interested in my business. Read More |
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3.75% |
$5,000 |
- |
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Dana E. | Mar 20, 2016 Good solid bank. Read More |
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3.70% |
$0 |
- |
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Rate History: 4.40% → 4.30% → 4.20% → 4.00% → 3.70% |
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highstream | Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More |
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3.25% |
$1,000 |
- |
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Rate History: 3.50% → 3.25% |
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3.00% |
$100 |
- |
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2.60% |
$1,000 |
- |
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Rate History: 5.00% → 4.40% → 4.00% → 3.85% → 2.60% |
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RYAN S | Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More |
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2.00% |
$501 |
- |
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Maggie | May 11, 2023 They made mistakes twice and would not correct them Read More |
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2.00% |
$0 |
- |
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Azoic | Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More |
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2.00% |
$10,000 |
- |
Learn More
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Rate History: 3.00% → 2.50% → 2.00% |
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Hayley7788d@outlook.com | Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More |
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1.75% |
$1,000 |
- |
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1.50% |
$1,000 |
- |
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opal@8 | Dec 13, 2019 yes good Read More |
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1.00% |
$10,000 |
- |
Learn More
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Rate History: 4.00% → 1.00% → 4.00% → 1.00% |
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Turonemckinney17@gmail.com | May 19, 2018 Experience Read More |
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0.75% |
$10,000 |
- |
Learn More
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cfcbjm | Nov 5, 2020 Appalling customer service! Don't answer the phone, a simple credit line takes days & a mountain of paperwork - absolutely not worth the trouble! Read More |
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0.65% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
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Run | Jan 12, 2021 They put paychecks on hold for a day so don’t expect your paycheck right away and they don’t answer their phones Read More |
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0.40% |
$10 |
- |
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0.40% |
$10,000 |
- |
Learn More
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ken oson | Oct 20, 2017 what is your cd rate for $200,000.00 Read More |
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0.40% |
$10,000 |
- |
Learn More
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0.35% |
$10,000 |
- |
Learn More
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Mary Allan | Sep 1, 2015 Do you still have an IRA CD rate of 2%? Read More |
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0.35% |
$10,000 |
- |
Learn More
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0.20% |
$10,000 |
- |
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0.05% |
$2,500 |
- |
Learn More
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Rate History: 0.01% → 0.05% |
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Seeko | Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More |
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0.05% |
$500 |
- |
Learn More
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Ugg | Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More |
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0.03% |
$25,000 |
- |
Learn More
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GAM | May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More |
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0.03% |
$100,000 |
- |
Learn More
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Treasure | Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More |
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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
Two year CDs, also know as 24 month CDs are an intermediate term product that commits a depositor to keeping their money in the bank for 24 months in return for a fixed rate of return during that period. All two year CDs shown on BestCashCow are FDIC insured.
While two year CDs commit a person to locking their money in for double the time of a 12 month CD, the rate is not double. As a result, a depositor should think about whether the extra rate is worth the extra time commitment.
In general, if rates are rising, it makes sense not to lock up money for an extended period of time.
If rates are falling, then it makes sense to put money into a longer-term instrument to lock-in a higher rate.
Many find opening CDs at local bank is often easier than online. In a branch, a depositor can sign CD documents and initiate a CD in person, and can often get it done faster than mailing a check or initiating a wire transfer in order to get their money to an online bank. Many also appreciate the opportunity to interact face to face with a real human being as opposed to by phone or instant messaging.
All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.
To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
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