Savings Options

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.

Easy Savings

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.

Premium Savings

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.

Money Market

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®.

CDs and IRA CDs

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 Comparison

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.
Additional benefits	Free Automatic Savings program	No BankRI fees at ATMs worldwide³ No fee for savings overdraft transfers Combined monthly statement with Premium Checking Receive additional benefits available with your Premium Checking account	No BankRI fees at ATMs worldwide³ No fee for savings overdraft transfer	N/A

Click here for fee and disclosure information.

Please refer to our Fee Schedule for current service charges. To calculate the average daily balance we add the principal amount in the account for each day of the period and divide by the number of days in the period.
Owner of the ATM may charge a fee. BankRI foreign ATM fees still apply to some types of accounts, even at SUM Program ATMs. The SUM Program is administered by the NYCE® Corporation. SUM is a registered service mark of the NYCE^® Corporation.
Owner of the ATM may charge a fee.

Our focus on strong customer relationships and the convenience of 22 branch locations and more than 30 ATMs across Rhode Island, means BankRI is here for you.

Managing and Protecting Your Money

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.