Business Banking - Certificate of Deposit

CDs - Regular and Jumbo

  • $1,000 opening deposit ($100,000 for Jumbo CDs)
  • Terms of 9 to 60 months
    • Fixed interest rate and term

There is a penalty for early withdrawal from a Certificate of Deposit Account.  Fees may reduce earnings.

Certificate of Deposit Interest Rates

Term Interest Rate APY*
9 - month 0.15% 0.15%
12 - month 0.35% 0.35%
18 - month 0.40% 0.40%
24 - month 0.45% 0.45%
36 - month 0.50% 0.50%
48 - month 0.60% 0.60%
60 - month 0.75% 0.75%

*Annual Percentage Yield - Minimum balance to open regular certificates of deposit is $1000. Minimum balance to open jumbo certificates of deposit is $100,000. Penalties may be imposed for early withdrawals which may reduce your earnings.

Annual Percentage Yields effective 3/18/2021.  Rates are subject to change at any time.

Our Business Is Small Business.
1370 S County Trl., East Greenwich, Rhode Island 02818   |   888-824-8873