Woonsocket, Rhode Island CD Rates Today - Compare Best APYs for May 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Woonsocket, Rhode Island CD rates include Blackstone River Federal Credit UnionBlackstone River Federal Credit Union10 Monument Sq, Woonsocket, RI 02895A+5.0 ★Texas Ratio: 4.52%Real return: +0.24%APY minus CPI (February 2026) offering 24 Month Certificate of Deposit at 3.04% APY, Navigant Credit UnionNavigant Credit Union1280 Park Ave, Woonsocket, RI 02895 6514A+5.0 ★Texas Ratio: 4.27%Real return: +0.05%APY minus CPI (February 2026) offering 12 Months Certificates of Deposit at 2.85% 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, and Greenwood Credit UnionGreenwood Credit UnionA+5.0 ★Texas Ratio: 3.56%Real return: +0.95%APY minus CPI (February 2026) offering 4 Year Certificates of Deposit at 3.75% APY. CD rates as of May 10, 2026 according to verified data from MonitorBankRates.
Woonsocket has 21 local institutions in our database, with CD rates as high as 3.04% APY from Blackstone River Federal Credit Union at 10 Monument Sq, Woonsocket, RI 02895. 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: May 10, 2026
Compare Best CD Rates in Woonsocket, Rhode Island & the Surrounding Area
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$1,000.00 Minimum balance required
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$1,000.00 Minimum balance required
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Key Takeaways
What to know about CD rates in Woonsocket, Rhode Island at a glance.
- APY tells you the real return. Annual Percentage Yield includes the effect of compounding, while a nominal interest rate doesn't — always compare CDs by APY, not the headline rate.
- The highest CD APY currently available to Woonsocket depositors is 3.04% APY from Blackstone River Federal Credit Union. The rate table above ranks every offer we track for this market, sorted by APY.
- Credit unions often post the highest APYs. Their not-for-profit structure and lower overhead let them pass more yield through to depositors than traditional banks, so it's worth comparing offers from both when shopping for the best rate.
- CDs are insured up to $250,000 per depositor, per institution, per ownership category — by the FDIC for banks, the NCUA for credit unions. Watch for early-withdrawal penalties, which typically run 30 to 180 days of interest depending on the term, so only commit funds you won't need before maturity.
Woonsocket, RI CD Rate Trends
Compare local Woonsocket, 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 rose 0.368 points over the past 7 days to 2.649% APY.
Rhode Island 6-month CD rates rose 0.028 points over the past 7 days to 2.967% APY.
RI CD Rate Forecast — Next 12 Months
Where are Rhode Island CD rates headed through May 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 | 1.786% | $89.28 | $178.56 | $446.40 | $892.80 |
| 6-Month CD | 2.967% | $148.33 | $296.65 | $741.63 | $1,483.25 |
| 12-Month CD | 2.649% | $132.46 | $264.92 | $662.30 | $1,324.60 |
| 18-Month CD | 3.004% | $150.22 | $300.44 | $751.10 | $1,502.20 |
| 24-Month CD | 3.057% | $152.83 | $305.66 | $764.15 | $1,528.30 |
| 36-Month CD | 2.142% | $107.12 | $214.23 | $535.58 | $1,071.15 |
| 48-Month CD | 2.006% | $100.29 | $200.58 | $501.45 | $1,002.90 |
| 60-Month CD | 2.392% | $119.59 | $239.17 | $597.93 | $1,195.85 |
| Earnings shown are annualized (APY basis). Actual earnings for sub-12-month terms will be proportionally lower at maturity. Rates as of May 10, 2026. | |||||
Sample CD Ladder for Woonsocket, 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 | 1.786% | $89.28 |
| 2 | 6-Month CD | $5,000 | 2.967% | $148.33 |
| 3 | 12-Month CD | $5,000 | 2.649% | $132.46 |
| 4 | 24-Month CD | $5,000 | 3.057% | $152.83 |
| 5 | 36-Month CD | $5,000 | 2.142% | $107.12 |
| Total ($25,000 invested) | $25,000 | 2.520% blended | $630.02/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.
Tracked in Woonsocket, Rhode Island
About Our Woonsocket, Rhode Island CD Rate Database
MonitorBankRates tracks 118 CD rates from 6 banks and 8 credit unions with locations in Woonsocket, 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: Blackstone River Federal Credit Union offers a CD at 3.04% APY with a minimum deposit of $0. Use the rate table above to compare all current offers in Woonsocket, Rhode Island.
How to Find the Best CD Rates in Woonsocket, Rhode Island
What to compare when shopping for a CD in Woonsocket, Rhode Island
To find the best APYs in Woonsocket, Rhode Island, start with credit unions and online-only banks — Woonsocket, Rhode Island has 8 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 Woonsocket, 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 Woonsocket, Rhode Island — 14 institutions here report CD rates
Consider an Alternative If…
- You may need funds within 30 days → Woonsocket, Rhode Island savings rates
- Rates are rising and you want to benefit → Variable-rate savings or MMA
- You want check-writing access → Woonsocket, Rhode Island money market rates
Woonsocket, Rhode Island Financial Snapshot
Local demographics and economic context for CD savers — Source: U.S. Census Bureau ACS 2024
14.7% of residents are 65 or older — below the national average of 17.3%; an unemployment rate of 6.8% (vs. 4.8% nationally) underscores the value of a guaranteed fixed return. At today’s RI 12-month CD average of 2.649%, saving 10% of the local median salary ($4,092/year) and putting it in a CD would earn an additional $108 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 Woonsocket, 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 Woonsocket, Rhode Island
Are CD rates in Woonsocket, Rhode Island FDIC insured?
Do I have to pay state taxes on CD interest in Woonsocket, 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 Woonsocket, Rhode Island?
- Blackstone River Federal Credit Union: 3.04% APY (24 Month Certificate of Deposit)
- Navigant Credit Union: 2.85% APY (12 Months Certificates of Deposit)
- Webster Bank: 4.00% APY (Private 3-Month CD)
- Shoreham Bank: 3.90% APY (3 Month CD)
- Greenwood Credit Union: 3.75% APY (4 Year Certificates of Deposit)
- Eastern Bank Boston, MA: 3.75% APY (6 Month CD/IRA CD)
- BankNewport: 3.65% APY (12 Months IRA Certificates)
- Rhode Island Credit Union: 3.65% APY (12 Month Certificate of Deposit)
- The Peoples Credit Union: 3.51% APY (Certificates of Deposit 18 Months)
- Ocean State Credit Union: 3.50% APY (1 Year IRA)
CD Calculators for Woonsocket, Rhode Island
At today’s RI top rate of 3.04% APY, a $10,000 deposit earns $304 in the first year. Enter your amount to see your exact return.
Woonsocket, Rhode Island CD LadderRI CD rates currently range from 1.786% (3-month) to 2.142% (36-month). Model a ladder with local rates to keep cash accessible while maximizing yield.
Early Withdrawal PenaltyBefore locking into a Woonsocket, Rhode Island CD at 3.04% 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 2.649% 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 Woonsocket, 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 Woonsocket, 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.
