MonitorBankRates
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CD Rates Cranston, Rhode Island (RI) for April 2026

Current Cranston, Rhode Island CD rates include Eastern Bank Boston, MAEastern Bank Boston, MA1155 Reservoir Ave, Cranston, RI 02920A+5.0 ★Texas Ratio: 2.03% offering 6 Month CD at 3.75% APY, Rhode Island Credit UnionRhode Island Credit Union860 Reservoir Ave, Cranston, RI 02910 4414A+5.0 ★Texas Ratio: 2.38% offering 12 Month Certificate of Deposit at 3.50% APY, Webster BankWebster Bank1215 Park Ave, Cranston, RI 02910A+5.0 ★Texas Ratio: 2.48% offering 6 Month Personal CDs at 3.50% APY, Bank5 ConnectBank5 Connect175 Sockanosset Cross Rd, Cranston, RI 02920A+5.0 ★Texas Ratio: 1.34% offering 3 Month CD at 3.20% APY, and Coastal1 Credit UnionCoastal1 Credit Union96 Independence Way, Cranston, RI 02921 2044A+5.0 ★Texas Ratio: 2.03% offering 36 month Certificate Of Deposit at 3.00% APY. CD rates as of April 7, 2026 according to verified data from MonitorBankRates.

Cranston has 37 local institutions in our database, with CD rates as high as 3.75% APY from Eastern Bank Boston, MA at 1155 Reservoir Ave, Cranston, RI 02920. 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 7, 2026

Compare Best CD Rates in Cranston, Rhode Island & the Surrounding Area

Source: Verified CD Rate Data provided by MonitorBankRates
Institution
Product
Min Deposit
APY
Profile
Bank5 Connect
Institution Rating:
A+5.0 ★Texas Ratio: 1.34%
175 Sockanosset Cross Rd, Cranston, RI 02920
3 Month CD
$500
3.20%
Rate3.15%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

TD Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.30%
178 Phenix Ave, Cranston, RI 02920
3 Month Choice CD
$250
1.00%
Rate
Min Deposit$250
Min Balance
UpdatedApr 7, 2026
Details

Relationship APY

Rhode Island Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.38%
860 Reservoir Ave, Cranston, RI 02910 4414
3 Month Certificate of Deposit
$500
0.15%
Rate0.15%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Webster Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1215 Park Ave, Cranston, RI 02910
3 Month Personal CDs
$500
0.01%
Rate0.01%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Shoreham Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
3 Month CD Accounts4
$0
3.90%
Rate3.84%
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Westerly Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.26%
Premier 3 Month CD Special
$50,000
3.05%
Rate3.01%
Min Deposit$50,000
Min Balance
UpdatedApr 7, 2026
Details

Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
3 Month Certificates of Deposit
$1,000
0.50%
Rate0.50%
Min Deposit$1,000
Min Balance
UpdatedApr 7, 2026
Details

Source: Verified CD Rate Data provided by MonitorBankRates
Institution
Product
Min Deposit
APY
Profile
Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
1155 Reservoir Ave, Cranston, RI 02920
6 Month CD
$0
3.75%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Webster Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1215 Park Ave, Cranston, RI 02910
6 Month Personal CDs
$500
3.50%
Rate3.44%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Bank5 Connect
Institution Rating:
A+5.0 ★Texas Ratio: 1.34%
175 Sockanosset Cross Rd, Cranston, RI 02920
6 Month CD
$500
3.20%
Rate3.15%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Coastal1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
96 Independence Way, Cranston, RI 02921 2044
6 month Certificate Of Deposit
$0
3.00%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Blackstone River Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.52%
6 Month Certificate of Deposit
$0
3.04%
Rate3.00%
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

$1,000.00 Minimum balance required

Source: Verified CD Rate Data provided by MonitorBankRates
Institution
Product
Min Deposit
APY
Profile
Rhode Island Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.38%
860 Reservoir Ave, Cranston, RI 02910 4414
12 Month Certificate of Deposit
$500
3.50%
Rate3.45%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Bank5 Connect
Institution Rating:
A+5.0 ★Texas Ratio: 1.34%
175 Sockanosset Cross Rd, Cranston, RI 02920
12 Month CD
$500
3.20%
Rate3.15%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Coastal1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
96 Independence Way, Cranston, RI 02921 2044
12 month Certificate Of Deposit
$0
2.90%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Centreville Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.04%
193 Comstock Pkwy, Cranston, RI 02921
Individual Retirement Account (IRA) CD 1 Year
$0
2.75%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Premium APY

TD Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.30%
178 Phenix Ave, Cranston, RI 02920
12 Month Choice CD
$250
1.00%
Rate
Min Deposit$250
Min Balance
UpdatedApr 7, 2026
Details

Relationship APY

BayCoast Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.32%
85 Sockanosset Cross Rd, Cranston, RI 02920
6 Months - Less than 1 Year Statement Certificate of Deposit (CD)
$500
0.20%
Rate0.20%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Webster Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1215 Park Ave, Cranston, RI 02910
12 Month Personal CDs
$500
0.01%
Rate0.01%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
1 Year Certificates of Deposit
$1,000
3.65%
Rate3.59%
Min Deposit$1,000
Min Balance
UpdatedApr 7, 2026
Details

Blackstone River Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.52%
12 Month Certificate of Deposit
$0
3.04%
Rate3.00%
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

$1,000.00 Minimum balance required

Shoreham Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
1 Year CD Accounts4
$0
2.00%
Rate1.98%
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Source: Verified CD Rate Data provided by MonitorBankRates
Institution
Product
Min Deposit
APY
Profile
Rhode Island Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.38%
860 Reservoir Ave, Cranston, RI 02910 4414
18 Month Certificate of Deposit
$500
3.25%
Rate3.21%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Bank5 Connect
Institution Rating:
A+5.0 ★Texas Ratio: 1.34%
175 Sockanosset Cross Rd, Cranston, RI 02920
18 Month CD
$500
3.20%
Rate3.15%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Coastal1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
96 Independence Way, Cranston, RI 02921 2044
18 month Certificate Of Deposit
$0
2.50%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Centreville Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.04%
193 Comstock Pkwy, Cranston, RI 02921
Individual Retirement Account (IRA) CD 18 Month
$0
2.25%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

TD Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.30%
178 Phenix Ave, Cranston, RI 02920
18 Month Choice CD
$0
1.00%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Relationship APY

Webster Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1215 Park Ave, Cranston, RI 02910
18 Month Personal CDs
$500
0.01%
Rate0.01%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
18 Month Certificates of Deposit
$1,000
3.50%
Rate3.44%
Min Deposit$1,000
Min Balance
UpdatedApr 7, 2026
Details

Blackstone River Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.52%
18 Month Certificate of Deposit
$0
3.04%
Rate3.00%
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

$1,000.00 Minimum balance required

Source: Verified CD Rate Data provided by MonitorBankRates
Institution
Product
Min Deposit
APY
Profile
Rhode Island Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.38%
860 Reservoir Ave, Cranston, RI 02910 4414
24 Month Certificate of Deposit
$500
3.35%
Rate3.31%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Coastal1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
96 Independence Way, Cranston, RI 02921 2044
24 month Certificate Of Deposit
$0
3.00%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Centreville Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.04%
193 Comstock Pkwy, Cranston, RI 02921
Individual Retirement Account (IRA) CD 2 Year
$0
2.75%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Premium APY

TD Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.30%
178 Phenix Ave, Cranston, RI 02920
24 Month Certificate of Deposit
$250
1.00%
Rate
Min Deposit$250
Min Balance
UpdatedApr 7, 2026
Details

Relationship APY

Webster Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1215 Park Ave, Cranston, RI 02910
2 Year Personal CDs
$500
0.01%
Rate0.01%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
2 Year Certificates of Deposit
$1,000
3.65%
Rate3.59%
Min Deposit$1,000
Min Balance
UpdatedApr 7, 2026
Details

Ocean State Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.10%
2 Year CD
$1,000
3.25%
Rate3.21%
Min Deposit$1,000
Min Balance
UpdatedApr 7, 2026
Details

Blackstone River Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.52%
24 Month Certificate of Deposit
$0
3.04%
Rate3.00%
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

$1,000.00 Minimum balance required

Milford Federal Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.42%
1-1/2 Year IRA
$25
0.10%
Rate0.10%
Min Deposit$25
Min Balance
UpdatedApr 7, 2026
Details

Source: Verified CD Rate Data provided by MonitorBankRates
Institution
Product
Min Deposit
APY
Profile
Coastal1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
96 Independence Way, Cranston, RI 02921 2044
36 month Certificate Of Deposit
$0
3.00%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Centreville Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.04%
193 Comstock Pkwy, Cranston, RI 02921
Individual Retirement Account (IRA) CD 3 Year
$0
2.50%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Premium APY

TD Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.30%
178 Phenix Ave, Cranston, RI 02920
3 Year Certificate of Deposit
$250
1.00%
Rate
Min Deposit$250
Min Balance
UpdatedApr 7, 2026
Details

Relationship APY

Bank5 Connect
Institution Rating:
A+5.0 ★Texas Ratio: 1.34%
175 Sockanosset Cross Rd, Cranston, RI 02920
36 Month CD
$500
0.85%
Rate0.85%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
3 Year Certificates of Deposit
$1,000
3.75%
Rate3.68%
Min Deposit$1,000
Min Balance
UpdatedApr 7, 2026
Details

Ocean State Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.10%
3 Year CD
$1,000
3.15%
Rate3.11%
Min Deposit$1,000
Min Balance
UpdatedApr 7, 2026
Details

Blackstone River Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.52%
36 Month Certificate of Deposit
$0
3.04%
Rate3.00%
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

$1,000.00 Minimum balance required

Milford Federal Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.42%
36 Month Education CD
$500
2.02%
Rate2.00%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Source: Verified CD Rate Data provided by MonitorBankRates
Institution
Product
Min Deposit
APY
Profile
Coastal1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
96 Independence Way, Cranston, RI 02921 2044
48 month Certificate Of Deposit
$0
3.00%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Centreville Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.04%
193 Comstock Pkwy, Cranston, RI 02921
Individual Retirement Account (IRA) CD 4 Year
$0
2.50%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Premium APY

BayCoast Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.32%
85 Sockanosset Cross Rd, Cranston, RI 02920
3 - Less than 4 Year Statement Certificate of Deposit (CD)
$500
0.50%
Rate0.50%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
4 Year Certificates of Deposit
$1,000
3.75%
Rate3.68%
Min Deposit$1,000
Min Balance
UpdatedApr 7, 2026
Details

Shoreham Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
4 Year CD Accounts4
$0
3.25%
Rate3.20%
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Source: Verified CD Rate Data provided by MonitorBankRates
Institution
Product
Min Deposit
APY
Profile
Coastal1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.03%
96 Independence Way, Cranston, RI 02921 2044
60 month Certificate Of Deposit
$0
3.00%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Centreville Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.04%
193 Comstock Pkwy, Cranston, RI 02921
Individual Retirement Account (IRA) CD 5 Year
$0
2.50%
Rate
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

Premium APY

TD Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.30%
178 Phenix Ave, Cranston, RI 02920
5 Year Choice CD
$250
1.00%
Rate
Min Deposit$250
Min Balance
UpdatedApr 7, 2026
Details

Relationship APY

BayCoast Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.32%
85 Sockanosset Cross Rd, Cranston, RI 02920
4 - 5 Year Statement Certificate of Deposit (CD)
$500
0.70%
Rate0.70%
Min Deposit$500
Min Balance
UpdatedApr 7, 2026
Details

Greenwood Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.56%
5 Year Certificates of Deposit
$1,000
3.75%
Rate3.68%
Min Deposit$1,000
Min Balance
UpdatedApr 7, 2026
Details

Shoreham Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
5 Year CD Accounts4
$0
3.50%
Rate3.44%
Min Deposit$0
Min Balance
UpdatedApr 7, 2026
Details

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. The “Min Deposit” indicates the minimum amount required to earn the stated APY.

Banks and Credit Unions: If you identify an incorrect rate or wish to request removal from MonitorBankRates.com, please contact us here.

Cranston, RI CD Rate Trends

Compare local Cranston, 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.

View Full Rhode Island CD Trends →
12-Month CD — RI Avg
3.076%
▲ 0.612 vs 7 days ago

Rhode Island 12-month CD rates rose 0.612 points over the past 7 days to 3.076% APY.

6-Month CD — RI Avg
2.945%
▲ 0.201 vs 7 days ago

Rhode Island 6-month CD rates rose 0.201 points over the past 7 days to 2.945% APY.

As of Apr 7, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Frequently Asked Questions about CD Rates in Cranston, Rhode Island

Are CD rates in Cranston, Rhode Island FDIC insured?

Yes, most established banks in Cranston, Rhode Island are insured by the FDIC up to $250,000 per depositor. Credit unions carry equivalent protection through the NCUA.

Do I have to pay state taxes on CD interest in Cranston, Rhode Island?

Yes, interest earned on CDs is generally taxable income at both the federal and state levels. We recommend consulting a local tax professional regarding your specific obligations in Cranston, Rhode Island.

Can I withdraw my money early from a CD?

You can, but most institutions charge an Early Withdrawal Penalty — typically a number of months of interest (e.g., 3 or 6 months). The exact amount varies by institution and CD term.

What is the difference between a Jumbo CD and a regular CD?

Jumbo CDs require a higher minimum deposit — traditionally $100,000 or more. In exchange, banks in Cranston, Rhode Island may offer slightly higher APYs compared to standard CDs.

Are fixed-rate CDs better than variable-rate CDs?

Fixed-rate CDs lock in your APY for the full term, protecting you if rates drop. Variable-rate CDs allow your rate to rise with the market but may start with a lower initial yield.

What is a CD ladder?

A CD ladder involves opening multiple CDs with staggered maturity dates — for example 3-month, 6-month, 1-year, and 2-year. As each matures, you reinvest at the longest term, maximizing yield while maintaining regular access to a portion of your savings.

Best CD rates in Cranston, Rhode Island?

Here are recent top rates found for this area:
  • Eastern Bank Boston, MA: 3.75% APY (6 Month CD)
  • Rhode Island Credit Union: 3.50% APY (12 Month Certificate of Deposit)
  • Webster Bank: 3.50% APY (6 Month Personal CDs)
  • Bank5 Connect: 3.20% APY (3 Month CD)
  • Coastal1 Credit Union: 3.00% APY (36 month Certificate Of Deposit)
  • Centreville Bank: 2.75% APY (Individual Retirement Account (IRA) CD 1 Year)
  • TD Bank: 1.00% APY (5 Year Choice CD)
  • BayCoast Bank: 0.70% APY (4 - 5 Year Statement Certificate of Deposit (CD))
  • Shoreham Bank: 3.90% APY (3 Month CD Accounts4)
  • Greenwood Credit Union: 3.75% APY (5 Year Certificates of Deposit)
Rates reflect recent verified offers available in Cranston, Rhode Island. Last Updated: April 7, 2026

Methodology & Data Sources

Direct-Sourced & Verified CD Rate Data: We aggregate certificate of deposit (CD) rates for Cranston, 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 Cranston, 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.

Disclaimer: Interest rates are variable and subject to change without notice. Verify current offers directly with the institution's official website. Last Updated and Verified: April 7, 2026