Best Money Market Rates in Wakefield, Rhode Island (RI) - May 2026
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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.
Current Wakefield, Rhode Island and the surrounding area money market deposit account rates include Citizens BankCitizens Bank51 Main St, Wakefield, RI 02879A5.0 ★Texas Ratio: 8.28% Citizens Private Client® Money Market at 3.75% APY, Westerly Community Credit UnionWesterly Community Credit Union4979 Tower Hill Rd, Wakefield, RI 02879 2283A+5.0 ★Texas Ratio: 1.26% Advantage Money Market Account at 3.05% APY, The Peoples Credit UnionThe Peoples Credit Union150 Old Tower Hill Rd, Wakefield, RI 02879A+5.0 ★Texas Ratio: 3.41% Business Selective Reserve Money Market Account at 3.00% APY, Navigant Credit UnionNavigant Credit Union172 Main St, Wakefield, RI 02879 3568A+5.0 ★Texas Ratio: 4.27% Compass Money Market at 2.45% APY, and Coastal1 Credit UnionCoastal1 Credit Union84 Old Tower Hill Rd, Wakefield, RI 02879 3724A+5.0 ★Texas Ratio: 2.03% Business Money Market at 0.80% APY. Money market rates as of May 15, 2026 according to verified data from MonitorBankRates.
Wakefield has 5 local institutions in our database, with money market rates as high as 3.75% APY from Citizens Bank at 51 Main St, Wakefield, RI 02879. Use the table below to compare all available offers, including options from institutions serving the broader Rhode Island area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Wakefield, Rhode Island and surrounding area. Last Updated and Verified: May 15, 2026
Compare the Best Money Market Rates Today in Wakefield, Rhode Island & the Surrounding Area
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
51 Main St, Wakefield, RI 02879
Citizens Private Client® Money Market
3.75%
$0
▼
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%
51 Main St, Wakefield, RI 02879
Citizens Quest® Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $25,000.00
Westerly Community Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.26%
4979 Tower Hill Rd, Wakefield, RI 02879 2283
Advantage Money Market Account
3.05%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
150 Old Tower Hill Rd, Wakefield, RI 02879
Selective Reserve Money Market Account
3.00%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
150 Old Tower Hill Rd, Wakefield, RI 02879
Business Selective Reserve Money Market Account
3.00%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Westerly Community Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.26%
4979 Tower Hill Rd, Wakefield, RI 02879 2283
Advantage Money Market Account
2.80%
$0
▼
Rate2.76%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
150 Old Tower Hill Rd, Wakefield, RI 02879
Business Max Yield Money Market
2.50%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Westerly Community Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.26%
4979 Tower Hill Rd, Wakefield, RI 02879 2283
Advantage Money Market Account
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Navigant Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.27%
172 Main St, Wakefield, RI 02879 3568
Compass Money Market
2.45%
$0
▼
Rate2.42%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
150 Old Tower Hill Rd, Wakefield, RI 02879
Business Max Yield Money Market
2.25%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
150 Old Tower Hill Rd, Wakefield, RI 02879
Business Max Yield Money Market
2.00%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Westerly Community Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.26%
4979 Tower Hill Rd, Wakefield, RI 02879 2283
Advantage Money Market Account
1.40%
$0
▼
Rate1.39%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Navigant Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.27%
172 Main St, Wakefield, RI 02879 3568
Quest Business Money Market Promo
1.35%
$0
▼
Rate1.34%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Westerly Community Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.26%
4979 Tower Hill Rd, Wakefield, RI 02879 2283
Advantage Money Market Account
1.00%
$0
▼
Rate0.99%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Coastal1 Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
84 Old Tower Hill Rd, Wakefield, RI 02879 3724
Business Money Market
0.80%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Navigant Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.27%
172 Main St, Wakefield, RI 02879 3568
Quest Business Money Market Promo
0.45%
$0
▼
Rate0.44%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
150 Old Tower Hill Rd, Wakefield, RI 02879
Business Money Market
0.25%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
150 Old Tower Hill Rd, Wakefield, RI 02879
Business Money Market
0.15%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Navigant Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.27%
172 Main St, Wakefield, RI 02879 3568
Quest Business Money Market Promo
0.15%
$0
▼
Rate0.14%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
51 Main St, Wakefield, RI 02879
Citizens Private Client® Money Market
0.15%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Navigant Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.27%
172 Main St, Wakefield, RI 02879 3568
Quest Business Money Market Promo
0.14%
$0
▼
Rate0.14%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
150 Old Tower Hill Rd, Wakefield, RI 02879
Business Money Market
0.10%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
The Peoples Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.41%
150 Old Tower Hill Rd, Wakefield, RI 02879
Business Money Market
0.05%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
51 Main St, Wakefield, RI 02879
Citizens Quest® Money Market
0.03%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Citizens Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.28%
51 Main St, Wakefield, RI 02879
Personal Money Market
0.01%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
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%
Money Market Plus
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Boosted 6 Month APY
Dime Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
Dime Accelerator Money Market
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
Money Market Plus
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Standard APY
Dime Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
Dime Accelerator Money Market
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Rate2.99%
Min Deposit$100
Min Balance—
UpdatedMay 4, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Premier Money Market
3.00%
$50,000
▼
Rate—
Min Deposit$50,000
Min Balance—
UpdatedMay 10, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Business Money Market
2.75%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Dime Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
Dime Accelerator Money Market
2.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Money Market Savings
2.25%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Business Money Market
2.25%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
Featured Premier Money Market
2.17%
$0
▼
Rate2.15%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Money Market Savings
1.75%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Business Money Market
1.50%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Rhode Island Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.38%
Money Market Savings Account
1.26%
$0
▼
Rate1.25%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Money Market Savings
1.25%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
Featured Premier Money Market
1.21%
$0
▼
Rate1.20%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Dime Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
Dime Accelerator Money Market
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Rhode Island Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.38%
Money Market Savings Account
1.00%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Rhode Island Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.38%
Money Market Savings Account
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Money Market Savings
0.75%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Business Money Market
0.75%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
Money Market Plus
0.74%
$0
▼
Rate0.74%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Boosted 6 Month APY
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Premier Money Market
0.35%
$50,000
▼
Rate—
Min Deposit$50,000
Min Balance—
UpdatedMay 10, 2026
Details
Qualifying balance up to $49,999.99
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Dime Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.01%
Dime Accelerator Money Market
0.20%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Community & Teachers Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
Money Market
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Community & Teachers Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
Money Market
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Blackstone River Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.52%
Money Market
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Community & Teachers Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
Money Market
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Qualifying balance up to $2,500.00
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
Premier Money Market
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
Money Market Plus
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Standard APY
Eastern Bank Boston, MA
Institution Rating:
A+5.0 ★ Texas Ratio: 2.03%
Featured Premier Money Market
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Business Money Market
0.00%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
Greenwood Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.56%
Money Market Savings
0.00%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 10, 2026
Details
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MonitorBankRates
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 Wakefield, 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.
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.
Wakefield, RI Money Market Rate Trends
Compare local Wakefield, RI 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.
High-Yield MMA — RI Avg
3.718%
Unchanged vs 7 days ago
Rhode Island high-yield MMA rates currently average 3.718% APY.
Standard MMA — RI Avg
0.281%
Unchanged vs 7 days ago
Rhode Island standard MMA rates currently average 0.281% APY.
As of May 15, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Wakefield, Rhode Island money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Wakefield, 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 Wakefield, 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 Wakefield, 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 Wakefield, 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 Wakefield, 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 Wakefield, 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 Wakefield, 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 Wakefield, Rhode Island
Here are some of the highest money market account APYs currently available in Wakefield, Rhode Island and the surrounding area:
- Citizens Bank
Citizens Private Client® Money Market — 3.75% APY - Westerly Community Credit Union
Advantage Money Market Account — 3.05% APY - The Peoples Credit Union
Business Selective Reserve Money Market Account — 3.00% APY - Navigant Credit Union
Compass Money Market — 2.45% APY - Coastal1 Credit Union
Business Money Market — 0.80% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Wakefield, Rhode Island. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 15, 2026
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