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Compare Savings Rates in Rhode Island – March 2026

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Current Rhode Island Savings Rates and MMA Rates

Current rates from Bank5 Connect include a Jumbo Savings at 3.75% APY. Current rates from Shoreham Bank include a Soaring Savings at 3.60% APY. Current rates from Cranston Municipal Employees Credit Union include a MyLife Tiered Savings at 3.50% APY. Eastern Bank Boston, MA is offering a Money Market Account in Rhode Island with an APY of 3.25%.

Find the best savings and money market rates in Rhode Island today. Our real-time rate table below compares offers from top lenders to help you grow your savings. Whether you are looking for a traditional savings account or a high-yield option in RI, comparing APYs is the best way to maximize your interest earnings.

The following rates reflect recent market quotes and representative offers available to Rhode Island depositors. Actual savings rates may vary by financial institution and market conditions.

Last Updated and Verified: March 5, 2026

Savings Rates in Rhode Island and Area

  • Jumbo Savings:
    3.75%
  • Soaring Savings:
    3.60%
  • MyLife Tiered Savings:
    3.50%
  • Money Market Account:
    3.25%
  • Money Market Special:
    3.25%

Rates shown are recent market averages and representative quotes. Actual rates may vary.

Last Updated and Verified: March 5, 2026

Best Rhode Island and Area Savings Rates & Money Market Rates

Bank / Credit Union
Product
APY
Min Deposit
Bank5 Connect Warwick, RI
Jumbo Savings
3.75%
$25,000
Rate 3.75%
Min Deposit $25,000
Last Updated 03/05/2026
Details

Shoreham Bank Warwick, RI
Soaring Savings
3.60%
$25,000
Rate 3.60%
Min Deposit $25,000
Last Updated 03/05/2026
Details

Cranston Municipal Employees Credit Union Cranston, RI
MyLife Tiered Savings
3.50%
$0
Rate 3.50%
Min Deposit $0
Last Updated 03/05/2026
Details Earn up to 3.50% APY

Eastern Bank Boston, MA Warwick, RI
Money Market Account
3.25%
$0
Rate 3.25%
Min Deposit $0
Last Updated 03/05/2026
Details Balances $50,000-$10,000,000

Eastern Bank Boston, MA Warwick, RI
Money Market Special
3.25%
$50,000
Rate 3.25%
Min Deposit $50,000
Last Updated 03/05/2026
Details

HarborOne Bank Warwick, RI
Money Market Special
3.25%
$50,000
Rate 3.25%
Min Deposit $50,000
Last Updated 03/05/2026
Details Take advantage of our limited-time Money Market Special and earn a competitive 3.25% APY on balances from $50,000 to $10 million.

Westerly Community Credit Union Wyoming, RI
Advantage Money Market Account
3.05%
$0
Rate 3.05%
Min Deposit $0
Last Updated 03/05/2026
Details

Bank5 Connect Warwick, RI
Connect Money Market
3.03%
$100
Rate 3.03%
Min Deposit $100
Last Updated 03/05/2026
Details

The Peoples Credit Union Wakefield, RI
Business Selective Reserve Money Market Account
3.00%
$2,500
Rate 3.00%
Min Deposit $2,500
Last Updated 03/05/2026
Details

Citizens Bank Zelienople, VT
Citizens Private ClientŪ Money Market
3.00%
$0
Rate 3.00%
Min Deposit $0
Last Updated 03/05/2026
Details Get up to 3.00% APY with preferred rates or up to 0.15% APY with standard rates

Westerly Community Credit Union Wyoming, RI
Diamond Savings Account
3.00%
$0
Rate 3.00%
Min Deposit $0
Last Updated 03/05/2026
Details

Westerly Community Credit Union Wyoming, RI
Goals Savings Account
3.00%
$0
Rate 3.00%
Min Deposit $0
Last Updated 03/05/2026
Details

The Peoples Credit Union Wakefield, RI
Selective Reserve Money Market Account
3.00%
$2,500
Rate 3.00%
Min Deposit $2,500
Last Updated 03/05/2026
Details

Westerly Community Credit Union Wyoming, RI
Advantage Money Market Account
2.80%
$0
Rate 2.80%
Min Deposit $0
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
Business Elite Money Market
2.75%
$0
Rate 2.75%
Min Deposit $0
Last Updated 03/05/2026
Details

Citizens Bank Zelienople, VT
Citizens QuestŪ Money Market
2.75%
$0
Rate 2.75%
Min Deposit $0
Last Updated 03/05/2026
Details Get up to 2.75% Annual Percentage Yield (APY) with preferred rates or up to 0.03% APY with standard rates.

Cranston Municipal Employees Credit Union Cranston, RI
Money Market
2.75%
$0
Rate 2.75%
Min Deposit $0
Last Updated 03/05/2026
Details

Westerly Community Credit Union Wyoming, RI
Advantage Money Market Account
2.50%
$0
Rate 2.50%
Min Deposit $0
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
Business Elite Money Market
2.50%
$0
Rate 2.50%
Min Deposit $0
Last Updated 03/05/2026
Details

The Peoples Credit Union Wakefield, RI
Business Max Yield Money Market
2.50%
$2,500
Rate 2.50%
Min Deposit $2,500
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
High Yield Savings Account
2.50%
$0
Rate 2.50%
Min Deposit $0
Last Updated 03/05/2026
Details Earn up to 2.50% APY* with a minimum daily balance of $100,000 or more.

Centreville Bank West Warwick, RI
High Yield Savings Account (New Money)
2.50%
$0
Rate 2.50%
Min Deposit $0
Last Updated 03/05/2026
Details

The Peoples Credit Union Wakefield, RI
Max Yield Money Market
2.50%
$2,500
Rate 2.50%
Min Deposit $2,500
Last Updated 03/05/2026
Details Earns 2.25% APY on balances $50,000.00; 2.00% APY on balances $2,500.00; Contact Us

Centreville Bank West Warwick, RI
Personal Premium Money Market
2.50%
$0
Rate 2.50%
Min Deposit $0
Last Updated 03/05/2026
Details

Coastal1 Credit Union Warwick, RI
Premier Money Market Special
2.50%
$0
Rate 2.50%
Min Deposit $0
Last Updated 03/05/2026
Details $10,000 - $49,999.99

Navigant Credit Union Woonsocket, RI
Compass Money Market
2.45%
$0
Rate 2.45%
Min Deposit $0
Last Updated 03/05/2026
Details $10,000 - $99,999.99

Centreville Bank West Warwick, RI
Business Elite Money Market
2.25%
$0
Rate 2.25%
Min Deposit $0
Last Updated 03/05/2026
Details

The Peoples Credit Union Wakefield, RI
Business Max Yield Money Market
2.25%
$2,500
Rate 2.25%
Min Deposit $2,500
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
High Yield Savings Account (New Money)
2.25%
$0
Rate 2.25%
Min Deposit $0
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
Personal Premium Money Market
2.25%
$0
Rate 2.25%
Min Deposit $0
Last Updated 03/05/2026
Details

Eastern Bank Boston, MA Warwick, RI
Featured Premier Money Market
2.17%
$0
Rate 2.17%
Min Deposit $0
Last Updated 03/05/2026
Details

Eastern Bank Boston, MA Warwick, RI
Money Market Account
2.17%
$0
Rate 2.17%
Min Deposit $0
Last Updated 03/05/2026
Details Earns 2.17% APY on balances $250,000+

The Peoples Credit Union Wakefield, RI
Business Max Yield Money Market
2.00%
$2,500
Rate 2.00%
Min Deposit $2,500
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
High Yield Savings Account (New Money)
2.00%
$0
Rate 2.00%
Min Deposit $0
Last Updated 03/05/2026
Details

The Peoples Credit Union Wakefield, RI
Max Yield Money Market
2.00%
$2,500
Rate 2.00%
Min Deposit $2,500
Last Updated 03/05/2026
Details Earns 2.50% APY if minimum daily balance is $500,000.00; 2.25% APY if minimum daily balance is $50,000.00; Contact Us

Centreville Bank West Warwick, RI
Personal Premium Money Market
2.00%
$0
Rate 2.00%
Min Deposit $0
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
Business Elite Money Market
1.80%
$0
Rate 1.80%
Min Deposit $0
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
Personal Premium Money Market
1.80%
$0
Rate 1.80%
Min Deposit $0
Last Updated 03/05/2026
Details

BankNewport Warwick, RI
Premium Money Market
1.75%
$2,500
Rate 1.75%
Min Deposit $2,500
Last Updated 03/05/2026
Details Minimum Daily Balance to Earn APY $250,000.00+

Centreville Bank West Warwick, RI
Business Elite Money Market
1.60%
$0
Rate 1.60%
Min Deposit $0
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
Personal Premium Money Market
1.60%
$0
Rate 1.60%
Min Deposit $0
Last Updated 03/05/2026
Details

Bank5 Connect Warwick, RI
Connect Savings
1.50%
$10
Rate 1.50%
Min Deposit $10
Last Updated 03/05/2026
Details

Westerly Community Credit Union Wyoming, RI
Advantage Money Market Account
1.40%
$0
Rate 1.40%
Min Deposit $0
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
Business Elite Money Market
1.40%
$0
Rate 1.40%
Min Deposit $0
Last Updated 03/05/2026
Details

Centreville Bank West Warwick, RI
Personal Premium Money Market
1.40%
$0
Rate 1.40%
Min Deposit $0
Last Updated 03/05/2026
Details

Navigant Credit Union Woonsocket, RI
Quest Business Money Market Promo
1.35%
$0
Rate 1.35%
Min Deposit $0
Last Updated 03/05/2026
Details $150,000 or more

Rhode Island Credit Union Warwick, RI
Money Market Savings Account
1.26%
$0
Rate 1.26%
Min Deposit $0
Last Updated 03/05/2026
Details Minimum Balance to Earn stated APY

Westerly Community Credit Union Wyoming, RI
Diamond Savings Account
1.25%
$0
Rate 1.25%
Min Deposit $0
Last Updated 03/05/2026
Details

Eastern Bank Boston, MA Warwick, RI
Featured Premier Money Market
1.21%
$0
Rate 1.21%
Min Deposit $0
Last Updated 03/05/2026
Details

Eastern Bank Boston, MA Warwick, RI
Money Market Account
1.21%
$0
Rate 1.21%
Min Deposit $0
Last Updated 03/05/2026
Details Earns 1.21% APY on balances $100,000-$249,999

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Rhode Island directly from the official websites of banks and credit unions using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By pulling this data straight from the institutions' own digital properties and manually verifying the yields daily, we ensure that every savings rate displayed on savingsaccount.monitorbankrates.com is highly accurate and trustworthy.

Local, Regional, and National Coverage: Our systems and team constantly monitor the market to provide a complete picture of available yields in Rhode Island. We feature a comprehensive mix of financial institutions, allowing you to easily compare localized savings rates from neighborhood credit unions, competitive offers from mid-sized regional banks, and high-yield savings accounts from large national institutions available to savers in RI.

Daily Updates & Time-Stamped Accuracy: To maintain the highest level of data integrity, our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly based on market conditions, every single savings product listed on our platform features its own specific "last updated" date. This gives you absolute transparency into exactly when that specific yield was confirmed.

Disclaimer: Savings rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions in Rhode Island. It is always advisable to check with the specific financial institution's official website for the most current offers and terms. Last Updated and Verified: March 5, 2026

How to Find the Best Savings Account in Rhode Island

  1. Compare APY (Annual Percentage Yield) The APY determines how much interest you will earn in a year. Unlike simple interest, APY includes compound interest. Always look for the highest APY to maximize your earnings.
  2. Check Minimum Deposit Requirements Some high-yield savings accounts require a large initial deposit (e.g., $5,000 or $10,000) to earn the advertised rate. Ensure you can meet these minimums before applying.
  3. Review Monthly Fees Avoid accounts that charge monthly maintenance fees, as these can eat into your interest earnings. Many online banks and credit unions offer no-fee savings accounts.
  4. Verify FDIC or NCUA Insurance Ensure your money is safe. Banks should be FDIC insured, and Credit Unions should be NCUA insured. This protects your deposits up to $250,000 per depositor.

Frequently Asked Questions for Rhode Island

What are the current savings rates in Rhode Island and the surrounding area
Below is a list of current savings and money market rates available for Rhode Island. We track lenders daily to provide the most up-to-date APY and term information.

Lender / Product
APY
Min Dep
Bank5 Connect
Jumbo Savings
3.75%
$25,000
Shoreham Bank
Soaring Savings
3.60%
$25,000
Cranston Municipal Employees Credit Union
MyLife Tiered Savings
3.50%
$0
Eastern Bank Boston, MA
Money Market Account
3.25%
$0
Eastern Bank Boston, MA
Money Market Special
3.25%
$50,000
Lender / Product
APY
Min Dep
HarborOne Bank
Money Market Special
3.25%
$50,000
Westerly Community Credit Union
Advantage Money Market Account
3.05%
$0
Bank5 Connect
Connect Money Market
3.03%
$100
The Peoples Credit Union
Business Selective Reserve Money Market Account
3.00%
$2,500
Citizens Bank
Citizens Private ClientŪ Money Market
3.00%
$0
Last Updated and Verified: March 5, 2026
What is a High-Yield Savings Account?
A high-yield savings account is a type of savings account that pays a significantly higher interest rate (APY) than standard savings accounts. These are often offered by online banks that have lower overhead costs than traditional brick-and-mortar banks.
Are online savings accounts safe?
Yes, as long as the online bank is FDIC insured. This provides the same level of protection (up to $250,000 per depositor) as a traditional bank. Always check for the FDIC logo on the bank's website.
Can I withdraw money from a savings account anytime?
Yes, but there are limits. Federal Regulation D used to limit certain withdrawals to 6 per month, though this has been suspended. However, individual banks may still enforce transaction limits or charge fees for excessive withdrawals.
Do savings rates change?
Yes, savings rates are variable and can change at any time based on the Federal Reserve's benchmark interest rates and market conditions. Unlike a CD (Certificate of Deposit), your savings rate is not locked in.

Cities in Rhode Island