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 20 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.