FDIC Insurance

As a member of the Federal Deposit Insurance Corporation (FDIC), BankRI provides deposit insurance for all of our depositors. 

Deposits are insured by the FDIC up to $250,000 per person per account ownership category.

Interested in finding out more about how your funds are insured or how to expand your coverage? Our personal bankers are trained to assist you.  Or, the FDIC offers a helpful online deposit insurance estimator calculator called EDIE you can use anytime.

Expand Your FDIC Coverage with the IntraFi Network

With the IntraFi Cash Service (ICS®) or CDARS® you can access multi-million-dollar FDIC protection on deposits placed in demand deposit accounts, money market deposit accounts, and Certificates of Deposit (CDs) — all through Bank Rhode Island.

To learn more, watch the accompanying video or visit the IntraFi website.

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC

All BankRI branches and offices will be closed on Wednesday, June 19, 2024, in observance of Juneteenth.