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Rhode Island CD Rates – 5 Year

Below are 5 year CD Rates from banks that are located in Rhode Island. Five Year Certificates of Deposit (CD) are generally the longest term CD that most banks will offer. They tend to offer the highest rates but require the longest commitment. Five year CDs are especially popular in a declining interest rate environment as depositors can lock money in at the highest rate possible for the longest period of time. They are also popular with depositors who are willing to lock up money for five years in return for extra yield.

BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

Comments


Bea, November 26, 2013


Please note that First Federal has just a one star rating on Bankrate. We have business with them and some months ago were sent a letter that another bank was supposed to take them over. It seems to have fallen through and I am concerned about First Fed's future. As soon as our CDs mature with them, I hope to find a more financially suitable bank or credit union to switch to. I don't like to do business with one star banks even if they are FDIC insured. When I first got with them they seemed to have much higher ratings.

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reader, November 23, 2013


first federal will do great cd rates at a $500 minimum balance ----such as a 5 year cd for 1.50 apy ----please inquire and update information

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Sol, August 25, 2013


@Bea

I checked their website and it looks like the rate may have dropped to 1.50% APY. I'll confirm tomorrow and then make the change. Thanks for the note.

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Bea, August 23, 2013


Citizens Federal Savings and Loan does not have a 1.80% 5 year CD. This seems to be incorrect. Thanks.

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