Certificates of Deposit (CDs)

Lock in a Competitive Rate with a BankRI CD. CDs are an excellent way to help your savings grow with guaranteed rates. 

If you have a longer-term savings goal and don’t need immediate access to your funds, Bank Rhode Island offers a full line of Certificates of Deposit (CDs) that offer competitive rates and the assurance of FDIC protection.

CD Benefits

  • The flexibility to choose terms from 3 months to 5 years1
  • The security of FDIC insurance2
  • No monthly service charge Premium Checking account with CD balances of $15,000 or more
  • Automatic reinvestment at maturity
  • FREE Online Banking

Minimum deposit to open:

  • $1,000 for traditional CDs
  • $500 for IRA CDs

If you would like to open a Certificate of Deposit, please stop by one of our conveniently located branch locations. For our competitive rates and other information, call (866) 422-6574 weekdays from 8 a.m. to 6:30 p.m., and Saturday from 9 a.m. to 2 p.m.

1 Penalty for early withdrawal.

2 Accounts are insured up to current FDIC limits.

Click here for fee and disclosure information. 

FDIC Limits

EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor’s specific group of deposit accounts what’s insured and what portion (if any) exceeds coverage limits at that bank. EDIE also allows the user to print the report for their records.

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