Highest Savings Rates in Rhode Island
26 Rhode Island-specific accounts
The Rhode Island market
Rhode Island accounts
26
Institutions
15
Top Rhode Island APY
3.60% APY
Nationally: 5.00% APY
FDIC national average
0.37%
As of Sep 2026
26 savings accounts are open only to Rhode Island residents, from 15 institutions. The highest advertised APY among them is 3.60%.
The highest nationally available rate is 5.00% APY, 140 basis points above the Rhode Island leader.
10 of the 26 Rhode Island savings accounts advertise more than the FDIC national average of 0.37% for savings accounts as of Sep 2026.
Rhode Island-Specific Savings Accounts
These savings accounts are specifically available to Rhode Island residents.
| # | Institution & Rate | Earned in a year at $10,000 | Requirements & Features | Minimum Deposit | Actions |
|---|---|---|---|---|---|
| #1 | South Shore Bank High-Yield Savings Up to3.40%APY On balances of $10,000 to $2,499,999.99 · 0.01% below Min. balance: $10,000 Observed: Oct 3, 2026 Show Details | +$340per year | Deposit Insurance FDIC InsuredRequires High Minimum Features In-Person Access | $10,000 | |
| #2 | Show Details | +$325per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $10 | |
| #3 | Show Details | +$315per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | $0 | |
| #4 | Show Details | +$300per year | Deposit Insurance FDIC InsuredFeatures No MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | $0 | |
| #5 | The Camden National Bank High-Yield Savings Account Up to3.10%APY Needs at least $250,000 Observed: Oct 7, 2026 Show Details | +$265per yearEffective: 2.65% | Deposit Insurance FDIC InsuredRequires Linked Account Features Low MinimumsIn-Person Access | $25 | |
| #6 | Centreville Bank High Yield Savings Account Up to2.50%APY Needs at least $100,000 Min. balance: $2,500 Observed: Oct 7, 2026 Show Details | +$200per yearEffective: 2.00% | Deposit Insurance FDIC InsuredRequires High Minimum Features In-Person Access | $10,000 | |
| #7 | The Washington Trust Company, of Westerly High-Rate Savings Account Up to3.50%APY Needs a linked account at the bank and at least $250,000 · 1.60% to 3.00% without the linked account Observed: Oct 7, 2026 Show Details | +$175per yearEffective: 1.75% | Deposit Insurance FDIC InsuredRequires High MinimumLinked Account Features In-Person Access | $10,000 | |
| #8 | Shoreham Bank Statement Savings Up to0.25%APY Needs at least $75,000 Min. balance: $25 Observed: Oct 13, 2026 Show Details | +$15per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $25 | |
| #9 | Show Details | +$7per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $25 | |
| #10 | Dean Co-operative Bank Preferred Savings Account Up to0.17%APY Needs at least $45,000 Min. balance: $25 Observed: Oct 7, 2026 Show Details | +$7per year | We could not confirm: minimum deposit. Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | N/A | |
| #11 | Dean Co-operative Bank Premium Savings Up to2.38%APY Needs at least $500,000 Min. balance: $25 Observed: Oct 7, 2026 Show Details | +$7per yearEffective: 0.07% | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $25 | |
| #12 | Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $10 | |
| #13 | Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $10 | |
| #14 | Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $10 | |
| #15 | Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $10 | |
| #16 | Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $25 | |
| #17 | Centreville Bank Personal Plus Savings Account Up to0.10%APY Needs at least $100,000 Min. balance: $2,500 Observed: Oct 7, 2026 Show Details | +$5per year | Deposit Insurance FDIC InsuredRequires Mod. Minimum Features In-Person Access | $1,000 | |
| #18 | Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $10 | |
| #19 | Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $10 | |
| #20 | Show Details | +$5per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $10 | |
| #21 | Show Details | +$4per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | $100 | |
| #22 | The Camden National Bank Promise Savings Account Up to0.05%APY Needs at least $100,000 Observed: Oct 7, 2026 Show Details | +$3per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $25 | |
| #23 | Bank of America Advantage Relationship Banking Up to0.02%APY Needs at least $50,000 Observed: Oct 13, 2026 Show Details | +$1per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | $100 | |
| #24 | Show Details | +$1per year | Deposit Insurance FDIC InsuredFeatures Low MinimumsIn-Person Access | $10 | |
| #25 | TD Bank TD Signature Savings Up to2.50%APY Needs a linked account at the bank and at least $250,000 · 0.01% to 0.05% without the linked account Min. balance: $250,000 Observed: Oct 13, 2026 Show Details | +$1per yearEffective: 0.01% | Deposit Insurance FDIC InsuredRequires High MinimumLinked Account Features Great iOS AppGreat Android AppIn-Person Access | $0 | |
| #26 | Show Details | +$0per yearEffective: 0.00% | Deposit Insurance FDIC InsuredRequires High Minimum Features In-Person Access | $25 |
South Shore Bank
High-Yield Savings
On balances of $10,000 to $2,499,999.99 · 0.01% below
What to Watch
The preferred rate applies only to a balance from $10,000 up to $2,500,000. A balance below or above that range earns the bank's base rate on the entire balance. The account must be opened with funds not already on deposit at the bank, and deposits are capped at $2,500,000 per household. Online opening is limited to residents of Massachusetts, New Hampshire, Connecticut, Rhode Island, Vermont and Maine.
Show Fine Print & Trends Hide Details
| Min. Deposit | $10,000 |
| Min. Balance | $10,000 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 90303) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Bluestone Bank
High-Yield Savings
What to Watch
This account is for consumers only, and it must be opened with funds not already held at the bank. The higher advertised rate applies only in a qualifying period with at least two ACH credits of $250.00 or more each; without them the account earns the lower base rate.
Show Fine Print & Trends Hide Details
| Min. Deposit | $10 |
| Min. Balance | $10 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 90169) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
PNC
PNC High Yield Savings
What to Watch
Eligibility restricted to select states.
Show Fine Print & Trends Hide Details
| Min. Deposit | $0 |
| Min. Balance | $1 |
| Maintenance Fee | $0 |
| Compound Freq | Monthly |
| Direct Deposit | Not required |
| Branches | Multiple branches in AL, AZ, CA, CO, DE, DC, FL, GA, IL, IN, KS, KY, MD, MA, MI, MO, NJ, NM, NY, NC, OH, PA, SC, TN, TX, VA, WV, WI |
| Deposit Insurance | FDIC Insured(Cert: 6384) |
| Eligibility | AK, AR, CT, HI, ID, IA, LA, ME, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, SD, UT, VT, WA, WY |
| Zelle® | SupportedLimit: $2,000 /dayCentral to Virtual Wallet suite. |
| Mobile Ratings | |
| BBB Rating | A+(Not BBB Accredited) |
Rate Stability
Citibank
Citi Accelerate Savings
What to Watch
Eligibility restricted to select states.
Show Fine Print & Trends Hide Details
| Min. Deposit | $0 |
| Min. Balance | $0.01 |
| Maintenance Fee | $4.50. Waived for average monthly balances > $500 |
| Compound Freq | Daily |
| Direct Deposit | Not required |
| Branches | U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. |
| Deposit Insurance | FDIC Insured(Cert: 7213) |
| Eligibility | Alaska, Alabama, Arkansas, Arizona, Colorado, Delaware, Florida (select parts), Georgia, Hawaii, Iowa, Idaho, Illinois (select parts), Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia (partial), Washington (partial), Wisconsin, West Virginia, Wyoming. |
| Zelle® | SupportedLimit: $2,500 /dayTiered limits based on account status (Citigold higher). |
| Mobile Ratings | |
| BBB Rating | D-(Not BBB Accredited) |
Rate Stability
The Camden National Bank
High-Yield Savings Account
Needs at least $250,000
What to Watch
A personal Camden National Bank checking account is required, either held already or opened at the same time. The account must be funded with new money: transfers from an existing Camden National Bank account are not eligible.
Show Fine Print & Trends Hide Details
| Min. Deposit | $25 |
| Min. Balance | N/A |
| Maintenance Fee | $0 |
| Compound Freq | monthly |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 4255) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
No movement is shown for an “Up to” rate.
Centreville Bank
High Yield Savings Account
Needs at least $100,000
What to Watch
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.
Show Fine Print & Trends Hide Details
| Min. Deposit | $10,000 |
| Min. Balance | $2,500 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 17764) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
No movement is shown for an “Up to” rate.
The Washington Trust Company, of Westerly
High-Rate Savings Account
Needs a linked account at the bank and at least $250,000 · 1.60% to 3.00% without the linked account
What to Watch
A Washington Trust checking account is required. Opening needs $10,000, or $25 for a Freedom Ultra Checking customer. No monthly service charge if the tax reported owner is under 21 or 62 and older.
Show Fine Print & Trends Hide Details
| Min. Deposit | $10,000 |
| Min. Balance | N/A |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 23623) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
No movement is shown for an “Up to” rate.
Shoreham Bank
Statement Savings
Needs at least $75,000
What to Watch
This account can only be opened at a branch.
Show Fine Print & Trends Hide Details
| Min. Deposit | $25 |
| Min. Balance | $25 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 27417) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
No movement is shown for an “Up to” rate.
Dean Co-operative Bank
Statement Savings
Show Fine Print & Trends Hide Details
| Min. Deposit | $25 |
| Min. Balance | $25 |
| Maintenance Fee | $0 |
| Compound Freq | monthly |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 27269) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Dean Co-operative Bank
Preferred Savings Account
Needs at least $45,000
We could not confirm: minimum deposit.
Show Fine Print & Trends Hide Details
| Min. Deposit | N/A |
| Min. Balance | $25 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 27269) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
No movement is shown for an “Up to” rate.
Dean Co-operative Bank
Premium Savings
Needs at least $500,000
Show Fine Print & Trends Hide Details
| Min. Deposit | $25 |
| Min. Balance | $25 |
| Maintenance Fee | $0 |
| Compound Freq | monthly |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 27269) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
No movement is shown for an “Up to” rate.
TruNorth Bank
Get Real Savings
Show Fine Print & Trends Hide Details
| Min. Deposit | $10 |
| Min. Balance | $0.01 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 90188) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
TruNorth Bank
Passbook Savings
Show Fine Print & Trends Hide Details
| Min. Deposit | $10 |
| Min. Balance | $0.01 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 90188) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Bankhometown
Get Real Savings
Show Fine Print & Trends Hide Details
| Min. Deposit | $10 |
| Min. Balance | $0.01 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 26523) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Bluestone Bank
Statement Savings
Show Fine Print & Trends Hide Details
| Min. Deposit | $10 |
| Min. Balance | $10 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 90169) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Centreville Bank
Personal Savings Account
What to Watch
The monthly maintenance fee is waived for all tax reporting owners age 18 and under, or age 65 and over.
Show Fine Print & Trends Hide Details
| Min. Deposit | $25 |
| Min. Balance | $100 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 17764) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Centreville Bank
Personal Plus Savings Account
Needs at least $100,000
What to Watch
The account opens with $1,000, but a $2,500 minimum daily balance is required to earn interest.
Show Fine Print & Trends Hide Details
| Min. Deposit | $1,000 |
| Min. Balance | $2,500 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 17764) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
No movement is shown for an “Up to” rate.
Milford Federal Bank
Passbook Savings
Show Fine Print & Trends Hide Details
| Min. Deposit | $10 |
| Min. Balance | $10 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 29835) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Milford Federal Bank
Statement Savings
Show Fine Print & Trends Hide Details
| Min. Deposit | $10 |
| Min. Balance | $10 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 29835) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Wrentham Co-operative Bank
Regular Savings
What to Watch
To open an account you must reside in Bristol County or Norfolk County, Massachusetts, or in the town of Cumberland, Rhode Island.
Show Fine Print & Trends Hide Details
| Min. Deposit | $10 |
| Min. Balance | $10 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 26576) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Bank of America
Advantage Savings
What to Watch
APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc.
Show Fine Print & Trends Hide Details
| Min. Deposit | $100 |
| Min. Balance | $0.01 |
| Maintenance Fee | $8 |
| Compound Freq | Monthly |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 3510) |
| Eligibility | United States |
| Zelle® | SupportedLimit: $3,500 /dayFounding member; highest limits for established users. |
| Mobile Ratings | |
| BBB Rating | A+(BBB Accredited) |
Rate Stability
The Camden National Bank
Promise Savings Account
Needs at least $100,000
Show Fine Print & Trends Hide Details
| Min. Deposit | $25 |
| Min. Balance | N/A |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 4255) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
No movement is shown for an “Up to” rate.
Bank of America
Advantage Relationship Banking
Needs at least $50,000
Show Fine Print & Trends Hide Details
| Min. Deposit | $100 |
| Min. Balance | N/A |
| Maintenance Fee | $0 |
| Compound Freq | Monthly |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 3510) |
| Eligibility | United States |
| Zelle® | SupportedLimit: $3,500 /dayFounding member; highest limits for established users. |
| Mobile Ratings | |
| BBB Rating | A+(BBB Accredited) |
Rate Stability
No movement is shown for an “Up to” rate.
South Shore Bank
Free Savings
What to Watch
Online opening is limited to residents of Massachusetts, New Hampshire, Connecticut, Rhode Island, Vermont and Maine.
Show Fine Print & Trends Hide Details
| Min. Deposit | $10 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 90303) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
TD Bank
TD Signature Savings
Needs a linked account at the bank and at least $250,000 · 0.01% to 0.05% without the linked account
What to Watch
Tiered savings account. Rates can vary by location and by eligibility for the relationship rate bump. The highest rate needs a linked eligible TD account and a balance of at least $250,000.
Show Fine Print & Trends Hide Details
| Min. Deposit | $0 |
| Min. Balance | $250,000 |
| Maintenance Fee | $15. Waived with a $10,000 minimum daily balance or a linked TD Beyond or TD Complete checking account. |
| Compound Freq | Monthly |
| Direct Deposit | Not required |
| Branches | Multiple branches in CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA, DC |
| Deposit Insurance | FDIC Insured(Cert: 18409) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating | Not Rated(Not BBB Accredited) |
Rate Stability
No movement is shown for an “Up to” rate.
Shoreham Bank
Soaring Savings
What to Watch
This account can only be opened at a branch. It earns no interest in a monthly cycle in which the minimum daily balance is not maintained.
Show Fine Print & Trends Hide Details
| Min. Deposit | $25 |
| Min. Balance | $25,000 |
| Maintenance Fee | $0 |
| Compound Freq | N/A |
| Direct Deposit | Not required |
| Deposit Insurance | FDIC Insured(Cert: 27417) |
| Eligibility | United States |
| Mobile Ratings | |
| BBB Rating |
Rate Stability
Nationally Available Savings Accounts
The 8 highest-rate savings accounts available nationwide, including in Rhode Island.
| Institution | Product / Term | APY |
|---|---|---|
| Axos Bank | Axos ONE Savingsfirst $49,999.99 only · needs a linked account at the bank · promotional rate | Up to5.00% |
| GO2bank | High Yield Savingsfirst $5,000 only · needs a linked account at the bank | Up to4.50% |
| Elevault | High Yield Savings Account | 4.34% |
| Peak Bank | Envision High Yield Savingsup to $499,999.99 only | 4.27% |
| Betterment | Cash Reservepromotional rate | Up to4.25% |
| Neighbors Bank | Neighbors Savings Account | 4.25% |
| Pibank | Pibank Savings | 4.25% |
| EverBank | Performance Savings | 4.20% |