CD Rates Cumberland, Rhode Island (RI) for April 2026
Brian McKay
Brian McKay
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Current Cumberland, Rhode Island CD rates include Coastal1 Credit UnionCoastal1 Credit Union1855 Mendon Rd, Cumberland, RI 02864 4439A+5.0 ★Texas Ratio: 2.03%Real return: +0.20%APY minus CPI (February 2026) offering 48 month Certificate Of Deposit at 3.00% APY, Webster BankWebster BankA+5.0 ★Texas Ratio: 2.48%Real return: +1.20%APY minus CPI (February 2026) offering Private 3-Month CD at 4.00% APY, Shoreham BankShoreham BankA5.0 ★Texas Ratio: 10.45%Real return: +1.10%APY minus CPI (February 2026) offering 3 Month CD at 3.90% APY, Greenwood Credit UnionGreenwood Credit UnionA+5.0 ★Texas Ratio: 3.56%Real return: +0.95%APY minus CPI (February 2026) offering 5 Year Certificates of Deposit at 3.75% APY, and Eastern Bank Boston, MAEastern Bank Boston, MAA+5.0 ★Texas Ratio: 2.03%Real return: +0.95%APY minus CPI (February 2026) offering 6 Month CD/IRA CD at 3.75% APY. CD rates as of April 14, 2026 according to verified data from MonitorBankRates.
Cumberland has 7 local institutions in our database, with CD rates as high as 3.00% APY from Coastal1 Credit Union at 1855 Mendon Rd, Cumberland, RI 02864 4439. Use the tables below to compare all available CD terms and offers, including options from institutions serving the broader Rhode Island area. Rates are continually updated — we recommend checking back frequently.
The Annual Percentage Yields (APYs) displayed reflect actual verified offers from top-rated institutions. Rates are subject to change at the institution's discretion without notice and may depend on your initial funding amount. A substantial penalty may be imposed for early withdrawal, which could reduce earnings on the account. CD Rates Last Updated and Verified: April 14, 2026
Compare Best CD Rates in Cumberland, Rhode Island & the Surrounding Area
$1,000.00 Minimum balance required
$1,000.00 Minimum balance required
Relationship APY
$1,000.00 Minimum balance required
Relationship APY
$1,000.00 Minimum balance required
$1,000.00 Minimum balance required
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Cumberland, RI CD Rate Trends
Compare local Cumberland, RI CD rate quotes against the statewide average
Daily CD rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Rhode Island 12-month CD rates currently average 2.629% APY based on data from institutions in our monitoring network.
Rhode Island 6-month CD rates currently average 2.620% APY based on data from institutions in our monitoring network.
RI CD Rate Forecast — Next 12 Months
Where are Rhode Island CD rates headed through April 2027?
Projections based on Fed funds rate futures and historical CD-to-fed-funds spread model. Not financial advice.
What Your Savings Earn at RI CD Rates Today
Annual interest earnings at today’s Rhode Island average APYs. State average used where available; national average as fallback.
| CD Term | RI Avg APY | $5,000 | $10,000 | $25,000 | $50,000 |
|---|---|---|---|---|---|
| 3-Month CD | 1.617% | $80.85 | $161.69 | $404.23 | $808.45 |
| 6-Month CD | 2.620% | $131.02 | $262.03 | $655.08 | $1,310.15 |
| 12-Month CD | 2.629% | $131.44 | $262.88 | $657.20 | $1,314.40 |
| 18-Month CD | 2.829% | $141.43 | $282.86 | $707.15 | $1,414.30 |
| 24-Month CD | 2.887% | $144.36 | $288.71 | $721.78 | $1,443.55 |
| 36-Month CD | 2.084% | $104.22 | $208.44 | $521.10 | $1,042.20 |
| 48-Month CD | 1.806% | $90.31 | $180.62 | $451.55 | $903.10 |
| 60-Month CD | 2.202% | $110.09 | $220.18 | $550.45 | $1,100.90 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of April 14, 2026. | |||||
Sample CD Ladder for Cumberland, Rhode Island Savers
$25,000 split equally across 5 terms using today’s Rhode Island average rates. As each CD matures, reinvest at the 36-month rung.
| Rung | Term | Deposit | RI Avg APY | Annual Earnings |
|---|---|---|---|---|
| 1 | 3-Month CD | $5,000 | 1.617% | $80.85 |
| 2 | 6-Month CD | $5,000 | 2.620% | $131.02 |
| 3 | 12-Month CD | $5,000 | 2.629% | $131.44 |
| 4 | 24-Month CD | $5,000 | 2.887% | $144.36 |
| 5 | 36-Month CD | $5,000 | 2.084% | $104.22 |
| Total ($25,000 invested) | $25,000 | 2.368% blended | $591.89/yr | |
Ladder example uses equal $5,000 rungs and Rhode Island average APYs. Actual earnings depend on the specific institution and product chosen. Use the calculator above to model your exact deposit amounts.
in Cumberland, Rhode Island
About Our Cumberland, Rhode Island CD Rate Database
MonitorBankRates tracks CD rates from 6 banks and 6 credit unions with locations in Cumberland, Rhode Island, plus national online institutions available to Rhode Island residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website — no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio — objective financial health metrics calculated from FDIC and NCUA regulatory data — so you can compare yield and institutional safety in one place.
Current top rate: Coastal1 Credit Union offers a CD at 3.00% APY with a minimum deposit of $0. Use the rate table above to compare all current offers in Cumberland, Rhode Island.
How to Find the Best CD Rates in Cumberland, Rhode Island
What to compare when shopping for a CD in Cumberland, Rhode Island
To find the best APYs in Cumberland, Rhode Island, start with credit unions and online-only banks — Cumberland, Rhode Island has 6 credit unions in our database, and they consistently offer some of the highest yields because they have lower overhead than traditional banks and compete aggressively for deposits.
Always compare the APY (Annual Percentage Yield), not just the interest rate. The APY reflects compounding and is the true measure of what you’ll earn.
Also compare the early withdrawal penalty. Common penalties range from 30 to 180 days of interest depending on the term. If you’re unsure whether you’ll need the funds early, a no-penalty CD or a high-yield savings account may be a better fit.
When a CD Makes Sense in Cumberland, Rhode Island
- You have a planned expense coming up and want your savings to earn while you wait
- You expect rates to fall and want to lock in today’s rate
- You want FDIC or NCUA protection with a guaranteed fixed return
- You prefer banking with an institution that has a local branch in Cumberland, Rhode Island — 12 institutions here report CD rates
Consider an Alternative If…
- You may need funds within 30 days → Cumberland, Rhode Island savings rates
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing access → Cumberland, Rhode Island money market rates
Rhode Island Financial Snapshot
Local demographics and economic context for CD savers — Source: U.S. Census Bureau ACS 2024 (state-level data shown — city data not available)
18.7% of residents are 65 or older, in line with the national average of 17.3%. At today’s RI 12-month CD average of 2.629%, saving 10% of the local median salary ($4,929/year) and putting it in a CD would earn an additional $130 annually in interest.
Data: U.S. Census Bureau, American Community Survey 5-Year Estimates 2024. Median earnings from ACS 2023 place-level estimates.
CD Rates vs. Other Savings Options in Cumberland, Rhode Island
What to compare when choosing between a CD and other deposit accounts
| Feature | CD | High-Yield Savings | Money Market | 6-Month CD |
|---|---|---|---|---|
| Rate Type | Fixed APY | Variable APY | Variable APY | Fixed APY |
| Liquidity | Locked for term | Anytime | Anytime | Locked 6 months |
| Early Withdrawal | Penalty (months of interest) | None | None | Penalty (90–180 days interest) |
| FDIC / NCUA Insured | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) | Yes (up to $250K) |
| Check / Debit Access | No | Usually no | Often yes | No |
| Best For | Known savings goal, CD ladder | Emergency fund, flexible savings | Liquid savings with check-writing | Slightly higher yield, less urgency |
Frequently Asked Questions about CD Rates in Cumberland, Rhode Island
Are CD rates in Cumberland, Rhode Island FDIC insured?
Do I have to pay state taxes on CD interest in Cumberland, Rhode Island?
Can I withdraw my money early from a CD?
What is the difference between a Jumbo CD and a regular CD?
Are fixed-rate CDs better than variable-rate CDs?
What is a CD ladder?
Best CD rates in Cumberland, Rhode Island?
- Coastal1 Credit Union: 3.00% APY (48 month Certificate Of Deposit)
- Webster Bank: 4.00% APY (Private 3-Month CD)
- Shoreham Bank: 3.90% APY (3 Month CD)
- Eastern Bank Boston, MA: 3.75% APY (6 Month CD/IRA CD)
- Greenwood Credit Union: 3.75% APY (3 Year Certificates of Deposit)
- Rhode Island Credit Union: 3.50% APY (6 Month Certificate of Deposit)
- Ocean State Credit Union: 3.50% APY (1 Year CD)
- Bank5 Connect: 3.20% APY (18 Month CD)
- Westerly Community Credit Union: 3.20% APY (Premier 3 Month CD Special)
- Blackstone River Federal Credit Union: 3.04% APY (12 Month Certificate of Deposit)
CD Calculators for Cumberland, Rhode Island
At today’s RI top rate of 3.00% APY, a $10,000 deposit earns $300 in the first year. Enter your amount to see your exact return.
Cumberland, Rhode Island CD LadderRI CD rates currently range from 1.617% (3-month) to 2.084% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Cumberland, Rhode Island CD at 3.00% APY, know your exit cost. Most institutions charge 90–180 days of interest — calculate your real net return if you need early access.
CD vs. High-Yield SavingsRhode Island’s average 12-month CD is 2.629% APY. Compare locking in that rate against a flexible high-yield savings account to see which earns more for your deposit and timeline.
Methodology & Data Sources
Direct-Sourced & Verified CD Rate Data: We aggregate certificate of deposit (CD) rates for Cumberland, Rhode Island directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. By pulling data straight from the institutions' own digital properties and manually verifying yields daily, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Cumberland, Rhode Island. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to high-yield CDs from large national institutions available to savers in RI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update CD rates daily. Because yields can fluctuate rapidly, every CD product listed features its own specific “last updated” date for full transparency.
