Providence, Rhode Island (RI) Savings Rates - March 2026
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The savings rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
The best savings rates for Providence, Rhode Island and the surrounding area include Shoreham BankShoreham Bank187 Wickenden St, Providence, RI 02903A5.0 ★Texas Ratio: 10.45% Soaring Savings at 3.60% APY, Washington Trust Company, of WesterlyWashington Trust Company, of Westerly156 Westminster St, Providence, RI 02903A5.0 ★Texas Ratio: 7.68% High-Rate Savings Account at 3.00% APY, BankNewportBankNewport55 Dorrance St, Providence, RI 02903A+5.0 ★Texas Ratio: 3.06% Business Select Plus Money Market Savings at 1.75% APY, Rhode Island Credit UnionRhode Island Credit Union160 Francis St, Providence, RI 02903 1118A+5.0 ★Texas Ratio: 2.38% Money Market Savings Account at 1.26% APY, and Coastal1 Credit UnionCoastal1 Credit Union457 Angell St, Providence, RI 02906 4407A+5.0 ★Texas Ratio: 2.03% Business High Yield Savings at 0.15% APY. Savings rates as of March 25, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Providence, Rhode Island, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Providence, Rhode Island (RI) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Providence, Rhode Island and the surrounding area. Last Updated and Verified: March 25, 2026
Compare the Best Savings Rates in Providence, Rhode Island & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Shoreham Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
187 Wickenden St, Providence, RI 02903
Soaring Savings
3.60%
$0
▼
Rate3.54%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Washington Trust Company, of Westerly
Institution Rating:
A5.0 ★Texas Ratio: 7.68%
156 Westminster St, Providence, RI 02903
High-Rate Savings Account
3.00%
$0
▼
Rate2.95%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Washington Trust Company, of Westerly
Institution Rating:
A5.0 ★Texas Ratio: 7.68%
156 Westminster St, Providence, RI 02903
High-Rate Savings Account
2.90%
$0
▼
Rate2.86%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Washington Trust Company, of Westerly
Institution Rating:
A5.0 ★Texas Ratio: 7.68%
156 Westminster St, Providence, RI 02903
High-Rate Savings Account
1.85%
$0
▼
Rate1.83%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Washington Trust Company, of Westerly
Institution Rating:
A5.0 ★Texas Ratio: 7.68%
156 Westminster St, Providence, RI 02903
High-Rate Savings Account
1.75%
$0
▼
Rate1.73%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Select Plus Money Market Savings
1.75%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
Washington Trust Company, of Westerly
Institution Rating:
A5.0 ★Texas Ratio: 7.68%
156 Westminster St, Providence, RI 02903
High-Rate Savings Account
1.60%
$0
▼
Rate1.58%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Rhode Island Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.38%
160 Francis St, Providence, RI 02903 1118
Money Market Savings Account
1.26%
$0
▼
Rate1.25%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Rhode Island Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.38%
160 Francis St, Providence, RI 02903 1118
Money Market Savings Account
1.00%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Rhode Island Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.38%
160 Francis St, Providence, RI 02903 1118
Money Market Savings Account
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Select Plus Money Market Savings
0.50%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
Shoreham Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
187 Wickenden St, Providence, RI 02903
Statement Savings Tier 3
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Shoreham Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
187 Wickenden St, Providence, RI 02903
Statement Savings Tier 2
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Rhode Island Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.38%
160 Francis St, Providence, RI 02903 1118
Health Savings Account
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Rhode Island Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.38%
160 Francis St, Providence, RI 02903 1118
IRA Share Account
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Money Market Savings
0.20%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Select Plus Money Market Savings
0.20%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Money Market Savings
0.20%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Select Plus Money Market Savings
0.15%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Money Market Savings
0.15%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
Coastal1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
457 Angell St, Providence, RI 02906 4407
Business High Yield Savings
0.15%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Ocean State Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.10%
40 Westminster St, Providence, RI 02903 2525
Traditional Share
0.15%
$5
▼
Rate0.15%
Min Deposit$5
Min Balance—
UpdatedMar 20, 2026
Details
Ocean State Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.10%
40 Westminster St, Providence, RI 02903 2525
Statement Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Ocean State Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.10%
40 Westminster St, Providence, RI 02903 2525
Share Account
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Ocean State Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.10%
40 Westminster St, Providence, RI 02903 2525
Kirby Kangaroo Share Account
0.15%
$10
▼
Rate0.15%
Min Deposit$10
Min Balance—
UpdatedMar 20, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Money Market Savings
0.15%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
Ocean State Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.10%
40 Westminster St, Providence, RI 02903 2525
Business Banking Statement Savings
0.15%
$5
▼
Rate0.15%
Min Deposit$5
Min Balance—
UpdatedMar 20, 2026
Details
Ocean State Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.10%
40 Westminster St, Providence, RI 02903 2525
Business Banking Share Account
0.15%
$10
▼
Rate0.15%
Min Deposit$10
Min Balance—
UpdatedMar 20, 2026
Details
Shoreham Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
187 Wickenden St, Providence, RI 02903
Statement Savings Tier 1
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Ocean State Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.10%
40 Westminster St, Providence, RI 02903 2525
CU Succeed Share
0.15%
$10
▼
Rate0.15%
Min Deposit$10
Min Balance—
UpdatedMar 20, 2026
Details
Coastal1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
457 Angell St, Providence, RI 02906 4407
Business Statement Savings
0.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayCoast Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.32%
78 Dorrance St, Providence, RI 02903
Statement Savings
0.10%
$10
▼
Rate0.10%
Min Deposit$10
Min Balance—
UpdatedMar 25, 2026
Details
BayCoast Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.32%
78 Dorrance St, Providence, RI 02903
Savings Club
0.10%
$5
▼
Rate0.10%
Min Deposit$5
Min Balance—
UpdatedMar 25, 2026
Details
BayCoast Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.32%
78 Dorrance St, Providence, RI 02903
IRA Statement Savings
0.10%
$10
▼
Rate0.10%
Min Deposit$10
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Money Market Savings
0.10%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Select Plus Money Market Savings
0.10%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Money Market Savings
0.10%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
Navigant Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.27%
179 W River st, Providence, RI 02904 2610
Statement Savings
0.10%
$0
▼
Rate0.09%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Coastal1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
457 Angell St, Providence, RI 02906 4407
Business High Yield Savings
0.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Rhode Island Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.38%
160 Francis St, Providence, RI 02903 1118
Prime Share Account
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Money Market Savings
0.05%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
IRA Statement Savings
0.05%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Statement Savings
0.05%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Money Market Savings
0.05%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
Washington Trust Company, of Westerly
Institution Rating:
A5.0 ★Texas Ratio: 7.68%
156 Westminster St, Providence, RI 02903
Freedom Statement Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Statement Savings
0.05%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedMar 25, 2026
Details
BankNewport
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
55 Dorrance St, Providence, RI 02903
Business Money Market Savings
0.02%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 25, 2026
Details
Cranston Municipal Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.59%
1615 Pontiac Ave, Cranston, RI 02920
MyLife Tiered Savings
3.50%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $1,000.00
Westerly Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
122 Granite St, Westerly, RI 02891
#Goals Savings Account
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Westerly Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
122 Granite St, Westerly, RI 02891
Diamond Savings Account
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
2669 Post Rd, Warwick, RI 02886 3039
Money Market Savings
2.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 23, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
2669 Post Rd, Warwick, RI 02886 3039
Money Market Savings
1.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 23, 2026
Details
Westerly Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
122 Granite St, Westerly, RI 02891
Diamond Savings Account
1.25%
$0
▼
Rate1.24%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
2669 Post Rd, Warwick, RI 02886 3039
Money Market Savings
1.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 23, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
2669 Post Rd, Warwick, RI 02886 3039
Money Market Savings
0.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 23, 2026
Details
Westerly Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
122 Granite St, Westerly, RI 02891
IRA Savings Account
0.45%
$0
▼
Rate0.45%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Westerly Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
122 Granite St, Westerly, RI 02891
IRA Savings Account
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
2669 Post Rd, Warwick, RI 02886 3039
Day to Day IRA Savings
0.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 23, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
2669 Post Rd, Warwick, RI 02886 3039
Business Share 1 Savings
0.30%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMar 23, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
2669 Post Rd, Warwick, RI 02886 3039
Deposit Savings
0.30%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 23, 2026
Details
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The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Providence, RI Savings Rate Trends
Compare local Providence, RI savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Savings — RI Avg
0.887%
▼ 0.595 from last week
Rhode Island high-yield savings rates fell 0.595 points this week to 0.887% APY, down from 1.482% last week.
Standard Savings — RI Avg
1.004%
▲ 0.954 from last week
Rhode Island standard savings rates rose 0.954 points this week to 1.004% APY, up from 0.050% last week.
As of Mar 25, 2026 •
Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Providence, 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. Every savings rate displayed 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 Providence, Rhode Island. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in RI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Providence, Rhode Island
What is a High-Yield Savings Account (HYSA)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Rhode Island, help your money grow faster through a higher APY.
Are savings accounts in Providence, Rhode Island safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Rhode Island up to $250,000 per depositor, per institution.
How often do savings rates change in Providence, Rhode Island?
Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Rhode Island rate tables daily to ensure you see the most current high-yield options.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Providence, Rhode Island may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Providence, Rhode Island?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Providence, Rhode Island offer in-person customer service, which some customers prefer.
How do I open a savings account in Providence, Rhode Island?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Providence, Rhode Island
Here are recent savings rates observed in Providence, Rhode Island and the surrounding area:
- Shoreham Bank
Soaring Savings — 3.60% APY - Washington Trust Company, of Westerly
High-Rate Savings Account — 3.00% APY - BankNewport
Business Select Plus Money Market Savings — 1.75% APY - Rhode Island Credit Union
Money Market Savings Account — 1.26% APY - Coastal1 Credit Union
Business High Yield Savings — 0.15% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Providence, Rhode Island. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 25, 2026
