We offer a choice of accounts that enable you to keep your short term savings liquid, FDIC-insured, and easily accessible. Compare the accounts below and choose which works best for you.
This account is ideal for anyone needing a basic savings account. It’s a great way to start saving and earning interest on your money.
Our Premium Savings account is designed for customers who combine significant deposit balances across their checking and savings accounts. This account features a tiered interest rate, so your rate increases as your balances increase.
Maximize the return on your money and get the flexibility of a liquid account. BankRI’s Money Market account offers higher rates and provides easy access by writing checks or using your BankRI Debit Mastercard®.
If you have longer term savings goals and don’t need immediate access to your funds, consider our full line of CDs and IRA CDs with competitive rates, the assurance of FDIC protection, and the flexibility to choose terms from 3 months to 5 years*.
*Penalty for early withdrawal.
|Savings Account Benefits||Easy Savings||Premium Savings||Money Market||CDs and IRA CDs|
|Earn interest on your savings balances||Earn interest regardless of your balance.||Earn a competitive rate. Tiered interest rates to reward higher balances.||Earn our best rates. Tiered interest rates to reward higher balances.||Guaranteed rate for a fixed term.|
|Low minimum opening deposit||$50||$50||$2,500||$1,000 for Traditional CD's; $500 for IRA CD's|
|Option available to avoid monthly service charge¹||Maintain an average daily balance of $250 to avoid monthly service charge. Account is free to customers under the age of 18.||No minimum balance or monthly service charge. Must have a Premium Checking account.||Maintain an average daily balance of $5,000 or more to avoid service charge.||N/A|
|Free Online Banking, Mobile Banking Bill Pay|
|No annual fee debit card||N/A|
|Free access to SUM℠ ATMs²||N/A|
|Ability to write checks||Check writing is not available.||Check writing is not available.||Check writing is not available.|
Our focus on strong customer relationships and the convenience of 20 branch locations and more than 30 ATMs across Rhode Island, means BankRI is here for you.
BankRI understands how important managing and protecting your money is to you. Take a few moments to review the tips and helpful links designed to help you manage and secure your money.