Savings Solutions to Increase Your Earning Power

Bank Rhode Island understands how important it is to build your savings. That's why we offer smart savings solutions with competitive rates, FDIC protection, and the flexibility to access your money any time.  

Business Power Money Market

  • Minimum Deposit to Open- $2,500
  • Minimum Balance to Avoid Monthly Service Charge- $5,000 Average Daily Balance
  • Transaction & Withdrawal Fee- N/A
  • Monthly Service Charge- $10.00

Business Premium Savings    

  • Minimum Deposit to Open- $1,000
  • Minimum Balance to Avoid Monthly Service Charge- $1,000 Average1 Daily Balance
  • Transaction & Withdrawal Fee- N/A
  • Monthly Service Charge- $5.00

 

 1To calculate the average daily balance we add the principal amount in the account for each day of the statement period and divide by the number of days in the statement period.