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Investors aren't jumping at the opportunity to purchase CDs right now, but that doesn't mean that there aren't some decent yields available. CD rates are unchanged from last week's survey, but some CD rates in Providence, RI, are worth a second glance. A 6-month CD is a low-risk choice for the careful investor in Rhode Island.
It's important to shop thoroughly for CD rates in Providence, RI, to find the best returns available. Investing in short maturities allows you to quickly reinvest in case of rate changes down the line. CD rates can change in the blink of an eye, so search around for rates across the nation before settling. Bankrate.com can help you find the best CD rates wherever you are in the country.
CD rates in Providence, Rhode Island
Here are the 6-month CD rates as of 2 p.m. on Friday in Providence, RI.
| Institution | APY | Min Deposit |
| Ally | 1% | $0 |
| Webster Bank | 0.4% | $1,000 |
| Washington Trust Co | 0.2% | $500 |
| Citizens Bank of RI | 0.1% | $1,000 |
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