Compare Savings Rates in Rhode Island – March 2026Current Rhode Island Savings Rates and MMA RatesCurrent 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
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 RatesBank / 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
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 SourcesDirect-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
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 IslandAdamsville
Albion
Ashaway
Barrington
Block Island
Bradford
Bristol
Carolina
Central Falls
Charlestown
Chepachet
Clayville
Coventry
Cranston
Cumberland
East Greenwich
East Providence
Exeter
Fiskeville
Forestdale
Foster
Glendale
Greene
Greenville
Harmony
Harrisville
Hope
Hope Valley
Hopkinton
Jamestown
Johnston
Kenyon
Kingston
Lincoln
Little Compton
Manville
|