Dedicated to Deposits: Deals, Data, and Discussion

3.00% 15-Month CD & Other Competitive Rates at Independence Bank in Rhode Island


Update 4/18/09: The CD rates have fallen. Please check the bank's website for the latest rates.

Independence Bank is offering several competitive CD rates. These include 2.50% APY for 5 months, 2.75% APY for 11 months, 3.00% APY for 15 months, 3.25% APY for 24 months and 4.00% APY for 60 months. Minimum deposit is $1,000. These rates are listed at the bank's rate table as of 4/03/09. Under the rate table there's an effective date of 3/4/09, so it's likely that these rates won't last much longer.

A branch visit appears to be required to open an account. It's a small bank with one office located in East Greenwich, Rhode Island.

Independence Bank has a 3-star rating for safety and soundness (adequate) at BauerFinancial based on 12/31/08 financial data. The bank has been FDIC insured since 2003 (FDIC Certificate # 57379).

Credit for this find goes to Best Bank CD Rates.

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.

  Tags: Independence Bank, CD rates, Rhode Island

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