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Image Courtesy: pixabay.com
You are viewing rates from banks across Rhode Island
Below are the best six-month CD Rates from banks with branches in Rhode Island. Six-month CDs are considered short-term cds and the yield is comparable to savings and money market rates. You may want to consider opening a 6 month CD if you are concerned about savings rates dropping and don’t mind locking up your money for six months.
RI - November 2, 2024
6 Month CD National Average : 0.41% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
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4.70% |
$1,000 |
- |
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Early Withdrawal Penalty is 90 days interest.
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smithy1968 | Apr 20, 2024 Save your tears for another day. Very frustrating. 1-star. Read More |
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4.50% |
$5,000 |
- |
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Rate History: 5.30% → 5.40% → 5.20% → 5.05% → 4.50% |
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Matty H | Sep 22, 2023 Terrible bank. Terrible service. Not equipped to service customers outside Florida. Plays games with your taxes by issuing 1090s whenever. Really shouldn't be on this list or your radar. Avoid. Read More |
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4.50% 1.00% |
$10,001 $10,000 |
- |
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Rate History: 5.00% → 4.50% |
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Turonemckinney17@gmail.com | May 19, 2018 Experience Read More |
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4.50% 4.00% |
$500 $501 |
- |
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Rate History: 4.75% → 5.15% → 5.00% → 4.75% → 4.50% |
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Maggie | May 11, 2023 They made mistakes twice and would not correct them Read More |
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4.50% |
$1,500 |
- |
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Early Withdrawal Penalty is 90 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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4.50% |
$500 |
- |
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Rate History: 2.50% → 5.00% → 4.75% → 4.50% |
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4.30% |
$5,000 |
- |
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Rate History: 4.81% → 4.55% → 4.45% → 4.30% |
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4.30% |
$1,000 |
- |
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Rate History: 4.85% → 4.80% → 4.50% → 4.39% → 4.30% |
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4.20% |
$0 |
- |
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Rate History: 4.30% → 4.35% → 4.25% → 4.20% |
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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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4.00% |
$10,000 |
- |
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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3.50% |
$500 |
- |
Learn More
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Rate History: 0.05% → 4.75% → 4.65% → 3.75% → 3.50% |
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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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3.45% |
$1,000 |
- |
Learn More
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Rate History: 5.25% → 4.65% → 4.55% → 3.45% |
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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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3.33% |
$1,000 |
- |
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3.25% |
$1,000 |
- |
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Rate History: 0.50% → 4.50% → 3.25% |
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Jacob | Jan 30, 2020 Find branch personnel are genuinely interested in my business. Read More |
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2.01% 2.00% |
$100,000 $25,000 |
- |
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Rate History: 2.50% → 2.51% → 2.01% |
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Thy King | Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More |
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1.50% |
$10,000 |
- |
Learn More
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Rate History: 3.00% → 2.00% → 1.50% |
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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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0.30% |
$10,000 |
- |
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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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0.25% |
$10,000 |
- |
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ken oson | Oct 20, 2017 what is your cd rate for $200,000.00 Read More |
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0.25% |
$10,000 |
- |
Learn More
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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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0.20% |
$10 |
- |
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0.20% |
$10,000 |
- |
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0.15% |
$10,000 |
- |
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0.15% |
$10,000 |
- |
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0.10% |
$10,000 |
- |
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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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0.10% |
$10,000 |
- |
Learn More
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0.05% |
$2,500 |
- |
Learn More
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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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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
Six month certificates of deposit (CDs) provide depositors with a short term vehicle for keeping money safe and earning interest. With a six month CD, depositors agree to leave their money in the account for six months in return for a fixed rate of interest over this period. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.
In general, almost all brick-and-mortar banks provide CDs to their consumers. Opening one involves taking a trip to the branch although some banks allow CDs to be opened via the phone or online. In general, local banks discourage depositors from out-of-state to open accounts, although this is not a hard rule and if you see an attractive rate from a bank in another state, it is worth investigating the account opening policy. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.
When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.
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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