Money market accounts don't have much of a return right now. The average rate is currently at 0.11 percent. The Fed is behind these low rates, and it plans on keeping them low until at least mid-2015. But there are still some institutions offering better deals now. Use our research to find a money market account and rates in Providence, RI.
MMAs are insured accounts. The FDIC insures them at banks up to $250,000 per depositor. If you're banking at a credit union, the NCUA insures your account up to the same amount. Use our research to find a money market account and rates in Providence, RI, and in other areas of Rhode Island.
Money market account and rates in Providence, Rhode Island
Here are the money market account rates in Providence, RI, as of 4:00 p.m. on Friday.
|Bank Institutions||Intro Rate||Intro Months||Rate After Intro||APY||Min Bal Open||Min Bal Avoid Fees||Monthly Fees|
|Sovereign Bank, N.A.||0%||0||0.15%||0.15%||$10||$2,000||$10|
|Bristol County Savings Bank||0%||0||0.1%||0.1%||$10||$0||$0|
|Washington Trust Co||0%||0||0.1%||0.1%||$2,500||$2,500||$4.99|
|Bank of America||0%||0||0.03%||0.03%||$25||$2,500||$12|