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Best Money Market Rates in Rhode Island (RI) - May 2026

Content reviewed by
Brian McKay Brian McKay
Brian McKay

Brian McKay

Founder & Data Architect
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Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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| i Editorial Disclosure
Editorial Disclosure The 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.
| ✓Fact Checked | Last Updated: May 4, 2026

Current Rhode Island money market deposit account rates include HarborOne BankHarborOne Bank180 Washington St, Providence, RI 02903A+5.0 ★Texas Ratio: 3.37% Money Market Plus at 4.00% APY, Eastern Bank Boston, MAEastern Bank Boston, MA180 Washington St, Providence, RI 02903A+5.0 ★Texas Ratio: 2.03% Money Market Plus at 4.00% APY, Citizens BankCitizens Bank8 Washington Sq, Newport, RI 02840A5.0 ★Texas Ratio: 8.28% Citizens Private Client® Money Market at 3.75% APY, Dime BankDime Bank131 Franklin St, Westerly, RI 02891A+5.0 ★Texas Ratio: 1.01% Dime Accelerator Money Market Tier 5 at 3.50% APY, and Bank5 ConnectBank5 Connect590 Metacom Ave, Bristol, RI 02809A+5.0 ★Texas Ratio: 1.34% Connect Money Market at 3.03% APY. Money market rates as of May 4, 2026 according to verified data from MonitorBankRates.

Use the tables below to compare money market rates across Rhode Island side-by-side. Rhode Island money market rates currently reach as high as 4.00% APY from HarborOne Bank at 180 Washington St, Providence, RI 02903. Rates are continually updated — we recommend checking back frequently.

Rates reflect recent market quotes and representative offers available to depositors in Rhode Island and surrounding area. Last Updated and Verified: May 4, 2026

Compare the Best Money Market Rates Today in Rhode Island

Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
HarborOne Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.37%
180 Washington St, Providence, RI 02903
Money Market Plus
4.00%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

Qualifying balance up to $25,000.00

Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
180 Washington St, Providence, RI 02903
Money Market Plus
4.00%
$0
View
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

Boosted 6 Month APY

Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
8 Washington Sq, Newport, RI 02840
Citizens Private Client® Money Market
3.75%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

Qualifying balance up to $25,000.00

Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
8 Washington Sq, Newport, RI 02840
Citizens Quest® Money Market
3.75%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

Qualifying balance up to $25,000.00

Dime Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
131 Franklin St, Westerly, RI 02891
Dime Accelerator Money Market Tier 5
3.50%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

Dime Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
131 Franklin St, Westerly, RI 02891
Dime Accelerator Money Market Tier 4
3.25%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
180 Washington St, Providence, RI 02903
Money Market Plus
3.25%
$0
View
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

Standard APY

Bank5 Connect
Institution Rating:
A+5.0 ★ Texas Ratio: 1.34%
590 Metacom Ave, Bristol, RI 02809
Connect Money Market
3.03%
$100
View
▼
Rate2.99%
Min Deposit$100
Min Balance—
UpdatedMay 4, 2026
Details

The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
858 W Main Rd, Middletown, RI 02842
Selective Reserve Money Market Account
3.00%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedApr 19, 2026
Details

The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
858 W Main Rd, Middletown, RI 02842
Business Selective Reserve Money Market Account
3.00%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedApr 19, 2026
Details

Dime Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
131 Franklin St, Westerly, RI 02891
Dime Accelerator Money Market Tier 3
2.50%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
858 W Main Rd, Middletown, RI 02842
Business Max Yield Money Market
2.50%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedApr 19, 2026
Details

The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
858 W Main Rd, Middletown, RI 02842
Business Max Yield Money Market
2.25%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedApr 19, 2026
Details

Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
180 Washington St, Providence, RI 02903
Featured Premier Money Market
2.17%
$0
View
▼
Rate2.15%
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
858 W Main Rd, Middletown, RI 02842
Business Max Yield Money Market
2.00%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedApr 19, 2026
Details

BankNewport
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
184 John Clarke Rd, Middletown, RI 02842
Premium Money Market
1.75%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 3, 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
View
▼
Rate1.25%
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details

Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
180 Washington St, Providence, RI 02903
Featured Premier Money Market
1.21%
$0
View
▼
Rate1.20%
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

Dime Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
131 Franklin St, Westerly, RI 02891
Dime Accelerator Money Market Tier 2
1.00%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 3, 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
View
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details

Coastal1 Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
540 Broadway, Pawtucket, RI 02860 1227
Business Money Market
0.80%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 19, 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
View
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details

Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
180 Washington St, Providence, RI 02903
Money Market Plus
0.74%
$0
View
▼
Rate0.74%
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

Boosted 6 Month APY

BankNewport
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
184 John Clarke Rd, Middletown, RI 02842
Premium Money Market
0.50%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 3, 2026
Details

The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
858 W Main Rd, Middletown, RI 02842
Business Money Market
0.25%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedApr 19, 2026
Details

Community & Teachers Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
1169 S Broadway, East Providence, RI 02914 4931
Money Market
0.20%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details

$50,000.00 +

BankNewport
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
184 John Clarke Rd, Middletown, RI 02842
Money Market Savings
0.20%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 3, 2026
Details

Dime Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
131 Franklin St, Westerly, RI 02891
Dime Accelerator Money Market Tier 1
0.20%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
858 W Main Rd, Middletown, RI 02842
Business Money Market
0.15%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedApr 19, 2026
Details

Community & Teachers Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
1169 S Broadway, East Providence, RI 02914 4931
Money Market
0.15%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details

$2,500.00 to $50,000.00

BankNewport
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
184 John Clarke Rd, Middletown, RI 02842
Premium Money Market
0.15%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 3, 2026
Details

Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
8 Washington Sq, Newport, RI 02840
Citizens Private Client® Money Market
0.15%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

BankNewport
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
184 John Clarke Rd, Middletown, RI 02842
Money Market Savings
0.15%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 3, 2026
Details

Blackstone River Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.52%
10 Monument Sq, Woonsocket, RI 02895
Money Market
0.10%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 27, 2026
Details

BankNewport
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
184 John Clarke Rd, Middletown, RI 02842
Money Market Savings
0.10%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 3, 2026
Details

The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
858 W Main Rd, Middletown, RI 02842
Business Money Market
0.10%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedApr 19, 2026
Details

Community & Teachers Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
1169 S Broadway, East Providence, RI 02914 4931
Money Market
0.05%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details

$0 to $2,500.00

The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
858 W Main Rd, Middletown, RI 02842
Business Money Market
0.05%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedApr 19, 2026
Details

BankNewport
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
184 John Clarke Rd, Middletown, RI 02842
Money Market Savings
0.05%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 3, 2026
Details

BankNewport
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
184 John Clarke Rd, Middletown, RI 02842
Premium Money Market
0.05%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 3, 2026
Details

Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
8 Washington Sq, Newport, RI 02840
Citizens Quest® Money Market
0.03%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

BankNewport
Institution Rating:
A+5.0 ★ Texas Ratio: 3.06%
184 John Clarke Rd, Middletown, RI 02842
Money Market Savings
0.02%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 3, 2026
Details

Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
180 Washington St, Providence, RI 02903
Premier Money Market
0.01%
$0
View
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
180 Washington St, Providence, RI 02903
Money Market Plus
0.01%
$0
View
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

Standard APY

Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
180 Washington St, Providence, RI 02903
Featured Premier Money Market
0.01%
$0
View
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details

Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
8 Washington Sq, Newport, RI 02840
Personal Money Market
0.01%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 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. Rates reflect recent market quotes and representative offers available to depositors in Rhode Island and the surrounding area.

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.

Rhode Island Money Market Rate Trends

Compare local Rhode Island money market quotes against the statewide average

Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.

View Full Rhode Island MMA Trends →
High-Yield MMA — RI Avg
3.718%
▲ 0.637 vs 7 days ago

Rhode Island high-yield MMA rates rose 0.637 points over the past 7 days to 3.718% APY.

Standard MMA — RI Avg
0.281%
▼ 0.440 vs 7 days ago

Rhode Island standard MMA rates fell 0.440 points over the past 7 days to 0.281% APY.

As of May 5, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Methodology & Data Sources

Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for 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 money market 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 Rhode Island. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in RI.

Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.

Frequently Asked Questions about Money Market Accounts in Rhode Island

What is a Money Market Account (MMA)?

A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Rhode Island.

Are Money Market accounts in 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 MMA rates change in Rhode Island?

Money market 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.

Can I write checks from a Money Market Account?

Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.

How much do I need to deposit to open a money market account in Rhode Island?

Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Rhode Island require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.

Best Money Market Rates in Rhode Island

Here are some of the highest money market account APYs currently available in Rhode Island:
  • HarborOne Bank
    Money Market Plus — 4.00% APY
  • Eastern Bank Boston, MA
    Money Market Plus — 4.00% APY
  • Citizens Bank
    Citizens Private Client® Money Market — 3.75% APY
  • Dime Bank
    Dime Accelerator Money Market Tier 5 — 3.50% APY
  • Bank5 Connect
    Connect Money Market — 3.03% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Rhode Island. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 4, 2026

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Cities in Rhode Island