Rhode Island

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Rhode Island CD Rates – 6-Month

You are viewing rates from banks across Rhode Island





Below are the best six-month CD Rates from banks with branches in Rhode Island. Six-month CDs are considered short-term cds and the yield is comparable to savings and money market rates. You may want to consider opening a 6 month CD if you are concerned about savings rates dropping and don’t mind locking up your money for six months.

RI - July 30, 2025

6 Month CD National Average : 0.41% ?

Banks APY MIN MILES ?

Rate History: 5.30% → 5.20% → 4.70% → 4.30% → 4.50%

| Apr 18, 2018

Worst experience of my life. Did not fund and gave $25 to my own charity. Read More

Rate History: 4.75% → 5.15% → 5.00% → 4.75% → 4.50%

| May 11, 2023

They made mistakes twice and would not correct them Read More

Rate History: 4.50% → 4.75% → 4.50% → 4.30% → 4.50%

| Nov 12, 2023

Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too. Read More

Rate History: 4.65% → 4.50% → 4.40% → 4.35% → 4.45%

| Jul 4, 2025

Bread's current 6-month CD is 4.45%, not 4.35%. Read More

Early withdrawal penalty is 3 Months' Interest.
Rate History: 4.70% → 4.40% → 4.45% → 4.05% → 4.45%

| Jul 1, 2022

not really an onllne bank. compare this interface that gives you no information with that of any other bank (I cannot even confirm the rate). cannot switch in and out of cds or np cds. just not an online b... Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.40% → 4.30% → 4.45% → 4.51% → 4.41%

| Aug 26, 2022

Too slow to raise rates. Read More

Rate History: 4.51% → 4.40% → 4.35% → 4.30% → 4.40%

| Dec 18, 2023

I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More

6 Month Jumbo CD.
Rate History: 4.70% → 4.65% → 4.55% → 4.50% → 4.40%

| Sep 22, 2023

Terrible bank. Terrible service. Not equipped to service customers outside Florida. Plays games with your taxes by issuing 1090s whenever. Really shouldn't be on this list or your radar. Avoid. Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.40% → 4.35% → 4.00% → 4.15% → 4.40%

| Jul 3, 2023

A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More

Rate History: 4.50% → 4.20% → 4.00% → 4.15% → 4.40%

| Dec 8, 2020

Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More

Rate History: 3.50% → 4.50% → 4.75% → 4.65% → 4.35%

| Jun 26, 2020

Rate not current Read More

Rate History: 4.95% → 4.90% → 4.65% → 4.50% → 4.35%

| May 6, 2023

Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market. Read More

No Penalty CD.
Rate History: 5.34% → 5.34% → 3.68% → 4.34%

| Mar 2, 2024

Attracted to the name, but the service had too many steps so I didn't open an account. Read More

Rate History: 4.85% → 4.80% → 4.50% → 4.39% → 4.30%

Warning: Early Withdrawal Penalty is 180 days interest.
Rate History: 4.35% → 4.15% → 4.15% → 4.49% → 4.28%

| Jan 30, 2024

Have an IRA rollover, they don't take IRAs any longer. Read More

Early Withdrawal Penalty is 30 days.
Rate History: 4.31% → 4.26%

| Jul 23, 2023

easy to work with but the rate isn't competitive. not even the leading savings rate banks are competitive versus short us treasuries. Read More

Early Withdrawal Penalty is 3 months interest.
Rate History: 4.65% → 4.55% → 4.35% → 4.25%

Rate History: 4.50% → 4.30% → 4.20% → 4.10% → 4.20%

| Feb 15, 2024

best bank on the list but no longer the most competitive Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.70% → 4.45% → 4.40% → 4.45% → 4.20%

| Apr 20, 2024

Save your tears for another day. Very frustrating. 1-star. Read More

Rate History: 2.25% → 4.90%

| Jul 1, 2022

Very easy opening process and wonderful staff. Read More

Rate History: 4.55% → 4.25% → 4.30% → 3.95% → 4.15%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More

Rate History: 4.25% → 4.15%

| Mar 25, 2020

I was told on the phone by a bank rep that my present money market acct interest rate would continue at 2.25% until June 30, 2020 and would be FDIC covered up to $250,000. Please verify if this is true???... Read More

Rate History: 4.19% → 4.24% → 4.30% → 4.35% → 4.14%

| Feb 12, 2020

WILL YOU CASH MY EE SAVINGS BONDS? PLEASE ADVSE. Read More

Rate History: 4.70% → 4.50% → 4.30% → 4.20% → 4.10%

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

Rate History: 5.00% → 4.65% → 4.30% → 3.79% → 4.05%

| May 21, 2021

avoid this Read More

6 Month CD.
Rate History: 4.95% → 4.85% → 4.50% → 4.35% → 4.00%

| Jul 17, 2021

I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... Read More

Rate History: 5.30% → 5.00% → 4.80% → 4.00%

| Nov 12, 2022

I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio... Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 5.20% → 5.00% → 4.50% → 4.25% → 4.00%

| Dec 27, 2022

They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More

Rate History: 5.00% → 4.75% → 4.00%

| Jul 6, 2023

This is an example of a bad bank. Their online process for purchasing a CD is horrible. You fill it out and it rejects it after all of your private information is disclosed. They there customer service is ... Read More

Early withdrawal penalty is one-fourth the amount of interest that would have been earned had CD been held to maturity.
Rate History: 4.00% → 3.90%

| Mar 20, 2025

A non-customer-friendly organization that just switches between two contaminated brands trying to bring back some sort of goodwill that it had before it started selling fake foreign currency CDs in 2006 an... Read More

Rate History: 4.60% → 4.30% → 4.20% → 4.05% → 3.90%

| Aug 13, 2023

Been a customer for a couple of years now with interesting checking, been a happy customer. They give you a $10 reimbursement on atm fees per statement cycle. They pay you to leave your money there curre... Read More

Early Withdrawal Penalty is 3 months interest.
Rate History: 4.62% → 4.30% → 4.29% → 4.08% → 3.87%

| Jun 1, 2021

Update: STAY AWAY FROM THIS BANK! They have no clue how to run an online bank. This bank is not ready for prime time. Nothing but problems. Customer service is dismal at best. Read More

Early Withdrawal Penalty is 3 months interest.
Rate History: 4.25% → 4.20% → 4.00% → 3.90% → 3.80%

| Mar 15, 2023

Thank you for the reviews above. I was wondering why I was only getting 0.3% when interest rates have gone up. Why CapitalOne360 is putting loyal and long time customers at a disadvantage is beyond me. ... Read More

Rate History: 4.25% → 4.20% → 4.00% → 3.90% → 3.80%

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

Rate History: 5.10% → 5.00% → 4.65% → 4.00% → 3.80%

| May 2, 2022

Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anythi... Read More

Rate History: 1.50% → 2.50% → 4.00% → 3.75%

| Apr 25, 2023

with all of these online bank, including the well known ones, delaying transfers forever in order to fund these high rates, this one still executes inbound and outbound transfers immediately. Read More

Rate History: 4.00% → 3.75%

| Jun 13, 2023

I'll steer clear of Dollar Savings Direct and My Savings Direct until they guarantee users at both online divisions their best rates. Banks have the right to segment their customers yes, but these games w... Read More

Rate History: 4.50% → 3.25% → 4.15% → 4.05% → 3.75%

| Jan 30, 2020

Find branch personnel are genuinely interested in my business. Read More

Rate History: 4.00% → 3.75%

| Jul 24, 2023

BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More

Rate History: 4.35% → 4.25% → 3.90% → 3.70%

| Jan 10, 2024

AVOID at all costs. We read the addendum to the final page of the LENGTHY account agreement mailed to us after completing the online portion. Guess what? It gives this sweet seeming Discover Bank access to... Read More

Rate History: 4.80% → 4.40% → 4.20% → 3.90% → 3.70%

| Oct 23, 2023

Synchrony Bank recently closed 3 of my accounts with them and this decision was completely unwarranted. I had two Guitar Center cards and one Levin Furniture card. I found out about this through a push not... Read More

Rate History: 3.73% → 3.53% → 3.43% → 3.38% → 3.53%

Rate History: 0.10% → 3.50%

| Aug 13, 2019

I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one busines... Read More

| Dec 22, 2018

I know VirtualBank has monitored these comments in the past and answered here. This is important because they do not respond to questions submitted through the website. I am trying to find out the pena... Read More

Rate History: 4.75% → 4.50% → 4.25% → 4.15% → 3.25%

| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

Rate History: 4.70% → 4.50% → 4.30% → 3.90% → 3.00%

| Jun 10, 2024

I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More

Rate History: 4.65% → 3.75% → 3.50% → 3.25% → 3.00%

| Feb 25, 2022

I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More

Rate History: 0.65% → 3.25% → 3.00% → 3.20% → 3.00%

| May 26, 2017

Before009 Read More

2.79%

$1,000

-

Learn More

Rate History: 5.00% → 4.50% → 4.00% → 3.00% → 2.75%

| May 19, 2018

Experience Read More

Rate History: 5.25% → 4.65% → 4.55% → 3.45% → 2.50%

| Nov 28, 2022

While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More

Rate History: 2.50% → 2.51% → 2.01% → 2.00%

| Feb 6, 2023

after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More

Early Withdrawal Penalty is all interest earned.

| Mar 30, 2021

These guys are the best local bank. Very responsive. Read More

Rate History: 3.00% → 2.00% → 1.50%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

1.00%

$1,000

-

Learn More

| Apr 30, 2019

No issues. I feel confident using them. Read More

| Nov 5, 2020

Appalling customer service! Don't answer the phone, a simple credit line takes days & a mountain of paperwork - absolutely not worth the trouble! Read More

| Oct 20, 2017

what is your cd rate for $200,000.00 Read More

| Jan 12, 2021

They put paychecks on hold for a day so don’t expect your paycheck right away and they don’t answer their phones Read More

| Mar 28, 2022

Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More

0.20%

$10,000

-

Learn More

| Jun 10, 2022

This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More

0.15%

$10,000

-

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0.15%

$10,000

-

Learn More

| Sep 1, 2015

Do you still have an IRA CD rate of 2%? Read More

0.10%

$10,000

-

Learn More

| Mar 28, 2023

On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More

| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

Branches Info around zip 10116


Branch Street City State
Santander Bank, N.A.
Providence College Branch
1 Cunningham Square Providence RI
Santander Bank, N.A.
Providence College Branch
1 Cunningham Square Providence RI
Bank of America, National Association
Web Banking (Www.Bankofamerica.com) Branch
100 Westminster Street, Suite 1050 Providence RI
Bristol County Savings Bank
Amristice Boulevard Branch
215 Armistice Boulevard Pawtucket RI
Fall River Five Cents Savings Bank
Bristol Ri Branch
590 Metacom Avenue Bristol RI
TD Bank, National Association
East Providence Branch
440 Pawtucket Avenue Rumford RI
Milford Federal Bank
Woonsocket Branch
1950 Diamond Hill Road Woonsocket RI
BankNewport
Banknewport Branch
875 Pontiac Avenue Cranston RI
BayCoast Bank
Tiverton Ri Branch
1 Crandall Road Tiverton RI
Bank Rhode Island
Bank Rhode Island Branch
One Turks Head Place Providence RI
Centreville Bank
West Greenwich Branch
834 Victory Highway West Greenwich RI
Dime Bank
Westerly Branch
131 Franklin Street Westerly RI
The Washington Trust Company, of Westerly
Block Island Branch
Ocean Avenue And Corn Neck Road Block Island RI
Webster Bank, National Association
Riverside Branch
741 Willett Avenue Riverside RI
TD Bank, National Association
East Providence Branch
440 Pawtucket Avenue Rumford RI
PNC Bank, National Association
New England Trust Branch
171 Service Road, Bldg 2, Suite 302 Warwick RI


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

6 Month Branch Certificates of Deposit 2025

Six month certificates of deposit (CDs) provide depositors with a short term vehicle for keeping money safe and earning interest. With a six month CD, depositors agree to leave their money in the account for six months in return for a fixed rate of interest over this period. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

In general, almost all brick-and-mortar banks provide CDs to their consumers. Opening one involves taking a trip to the branch although some banks allow CDs to be opened via the phone or online. In general, local banks discourage depositors from out-of-state to open accounts, although this is not a hard rule and if you see an attractive rate from a bank in another state, it is worth investigating the account opening policy. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

The advantages of six month CDs opened via a traditional bank are:

  • Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
  • CDs provide a predictable, set rate of return.
  • Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of six month CDs are:

  • Six month CDs currently pay interest rates significantly below many online and branch-based savings and money market accounts.
  • The deposited money is committed for six months.
  • Six month CDs from traditional banks often pay less interest than from online banks.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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