Centreville Bank savings account, CD and money market rates
Centreville Bank advertises up to 2.50% APY on its High Yield Savings Account. The 2.50% needs a balance of at least $100,000. Below that, the account advertises 2.00%.
On a $10,000 balance the account earns 2.00% overall, about $200 in a year, which is 1.63 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #368 of 2786 tracked savings rates by advertised APY. For a $10,000 balance it would rank #305. The advertised rate has not changed in the 3 weeks since Banksparency began tracking it, through 1 Federal Reserve rate move.
Centreville Bank at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 2.50% · High Yield Savings Account · needs at least $100,000 |
| Minimum to open | $10,000 · High Yield Savings Account |
| Against the national average | 2.13 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 4.25% · 7 months · 7 Month CD Special |
| Minimum to open | $1,000 · 7 months CD |
| Against the national average | 2.84 percentage points above the 1.41% FDIC 6-month CD average (Sep 2026) |
| Money market | |
| Top money market APY | Up to 2.30% · Personal Premium Money Market · needs at least $500,000 |
| Minimum to open | $10,000 · Personal Premium Money Market |
| Against the national average | 1.67 percentage points above the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 17764 · West Warwick, RI |
|---|---|
| Website | www.centrevillebank.com |
| Branches | 23 branches in CT, RI |
| Availability | Available in CT, RI |
Centreville Bank savings, CD and money market rates
Personal
How the rate applies
How the rate applies
How the rate applies
IRA
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Centreville Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 3 months | 3.00% | $1,000 | 3 Month CD |
| 6 months | 2.75% | $1,000 | 6 Month CD |
| 7 months | 4.25% | $1,000 | 7 Month CD Special |
| 9 months | 2.75% | $1,000 | 9 Month CD |
| 12 months | 2.75% | $1,000 | 12 Month CD |
| 15 months | 4.25% | $10,000 | 15 Month CD Special |
| 18 months | 2.50% | $1,000 | 18 Month CD |
| 24 months | 2.75% | $1,000 | 24 Month CD |
| 36 months | 2.50% | $1,000 | 36 Month CD |
| 48 months | 2.50% | $1,000 | 48 Month CD |
| 60 months | 2.50% | $1,000 | 60 Month CD |
| 60 months | 0.49% | not stated | 5-Year Burial Certificate |
| IRA CDs | |||
| 12 months | 2.75% | $500 | 12 Month IRA CD |
| 18 months | 2.50% | $500 | 18 Month IRA CD |
| 24 months | 2.75% | $500 | 24 Month IRA CD |
| 36 months | 2.50% | $500 | 36 Month IRA CD |
| 48 months | 2.50% | $500 | 48 Month IRA CD |
| 60 months | 2.50% | $500 | 60 Month IRA CD |
Interactive Tool
Calculate Savings for Centreville Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,701.00(6.9%)
- Total Contributions$13,000
- Initial Deposit$10,000
Projected Balance
$24,701.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Centreville Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 2.50% needs a balance of at least $100,000. Below that, the account advertises 2.00%.
In Q2 2026, Centreville Bank paid a higher average rate on savings and money market deposits than 86% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Centreville Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| High Yield Savings Account | 2.50% | $10,000 | $2,500 | None | not stated | None | Tiered | |
| Fine print: New money only. The account requires $10,000 to open, in funds that were not on deposit with Centreville Bank in the previous 30 days. The lowest rate tier starts at a $2,500 daily balance. The bank states this is a limited time offer that it can withdraw at any time. | ||||||||
| Personal Plus Savings Account | 0.10% | $1,000 | $2,500 | None | not stated | None | Tiered | |
| Fine print: The account opens with $1,000, but a $2,500 minimum daily balance is required to earn interest. | ||||||||
| Personal Savings Account | 0.05% | $25 | $0 | None | not stated | None | One rate | |
| Fine print: The monthly maintenance fee is waived for all tax reporting owners age 18 and under, or age 65 and over. | ||||||||
| Personal Premium Money Market | 2.30% | $10,000 | $10,000 | None | not stated | None | Tiered | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 3 Month CD | 3 months | 3.00% | $1,000 | not stated | not stated |
| 6 Month CD | 6 months | 2.75% | $1,000 | not stated | not stated |
| 7 Month CD Special | 7 months | 4.25% | $1,000 | not stated | not stated |
| Fine print: New money only. The funds deposited must not have been on deposit with Centreville Bank in the previous 30 days. A higher rate applies when the depositor also holds a Centreville Bank Personal Premium Checking or Personal Premium Money Market account. | |||||
| 9 Month CD | 9 months | 2.75% | $1,000 | not stated | not stated |
| 12 Month CD | 12 months | 2.75% | $1,000 | not stated | not stated |
| 15 Month CD Special | 15 months | 4.25% | $10,000 | not stated | not stated |
| Fine print: New money only. The account requires $10,000 in funds that were not on deposit with Centreville Bank in the previous 30 days. A higher rate applies when the depositor also holds a Centreville Bank Personal Premium Checking or Personal Premium Money Market account. | |||||
| 18 Month CD | 18 months | 2.50% | $1,000 | not stated | not stated |
| 24 Month CD | 24 months | 2.75% | $1,000 | not stated | not stated |
| 36 Month CD | 36 months | 2.50% | $1,000 | not stated | not stated |
| 48 Month CD | 48 months | 2.50% | $1,000 | not stated | not stated |
| 60 Month CD | 60 months | 2.50% | $1,000 | not stated | not stated |
| 5-Year Burial Certificate | 60 months | 0.49% | not stated | not stated | not stated |
| IRA CDs | |||||
| 12 Month IRA CD | 12 months | 2.75% | $500 | not stated | not stated |
| 18 Month IRA CD | 18 months | 2.50% | $500 | not stated | not stated |
| 24 Month IRA CD | 24 months | 2.75% | $500 | not stated | not stated |
| 36 Month IRA CD | 36 months | 2.50% | $500 | not stated | not stated |
| 48 Month IRA CD | 48 months | 2.50% | $500 | not stated | not stated |
| 60 Month IRA CD | 60 months | 2.50% | $500 | not stated | not stated |
Fine print for 15 CDs above: A higher rate applies when the depositor also holds a Centreville Bank Personal Premium Checking or Personal Premium Money Market account.
Opening and using the account
| Availability | Available in CT, RI |
|---|---|
| Footprint | 23 branches in CT, RI |
| Eligibility | not stated |
How Centreville Bank behaves over time
Every observation of the advertised High Yield Savings Account rate in the last 12 months was 2.50% (observed through Oct 7, 2026). The series includes promotional tiers where one applied.
Centreville Bank has not changed its advertised savings rate in the 3 weeks since Banksparency began tracking it, through 1 Federal Reserve rate move.
- High Yield Savings Account
- The same as 30 days ago.
- 7 months CD
- The same as 30 days ago.
- Personal Premium Money Market
- The same as 30 days ago.
- Rate last changed
- Sep 3, 2026(effective date)
$10,000 at the 2.50% APY Centreville Bank advertises on High Yield Savings Account grows to $10,250 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,913 does today. See how the federal funds rate shapes savings rates.
Centreville Bank CD rates over time
Who is Centreville Bank?
| Headquarters | West Warwick, RI |
|---|---|
| Founded | 1888 |
| Scale | $3.2B assets · $2.3B deposits, $2.0B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 17764 |
| Charter state | Rhode Island · one of 5 insured banks chartered there (Q2 2026, FDIC) |
| Size | 455th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 69% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Centreville Bank pays on deposits above.
Common questions about Centreville Bank
Is Centreville Bank FDIC insured?
Yes. Centreville Bank is FDIC insured under certificate 17764, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Centreville Bank?
Centreville Bank requires a minimum deposit of $10,000 to open its High Yield Savings Account, as observed on Oct 7, 2026. Check the bank's current terms before you open an account.
Does the 2.50% apply to my whole balance?
The 2.50% needs a balance of at least $100,000. Below that, the account advertises 2.00%. Rates are as observed on Oct 7, 2026.
Does Centreville Bank have branches?
Yes. Centreville Bank operates 23 branches according to FDIC branch records, in addition to its website and mobile apps.
Centreville Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Centreville Bank | 2.50% | 2.55% | $10,000 | 23 branches in CT, RI |
| Arcadian Bank | 2.50% | 2.68% | $25 | 3 branches in MN |
| Auburn Savings Bank, FSB | 2.50% | 1.54% | $25 | 2 branches in ME |
| Community Savings Bank | 2.50% | 1.13% | not stated | 2 branches in OH |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Centreville Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Rhode Island, nearest to Centreville Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.