Centreville Bank


Overview / Commentary
401-827-5110
1218 Main Street
West Warwick, RI 02893

Centreville Bank is headquartered in WEST WARWICK and is the 5th largest bank in the state of Rhode Island. It is also the 512th largest bank in the nation. It was established in 1888 and as of March of 2023, it had grown to 228 employees at 16 locations. Centreville Bank's money market rates are 5X the national average, and it boasts an A+ health rating.

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7-Month 5.25% APY And 15-Month 4.75% APY CD Specials 07-23-2023 - 7/23/2023

7-Month CD Special: 5.25% APY "Take advantage of our current 7-month CD Special with a 5.25% annual percentage yield (APY). A minimum of $1,000 in New Money is required to open and maintain an account. The total amount deposited to open the account must be all New Money. New Money is defined as money not on deposit with Centreville Bank within the last 30 days. A Personal Premium Checking Account or a Personal Premium Money Market Account is required." 15-Month CD Special: 4.75% APY One Penalty Free Withdrawal "Take advantage of our current 15-month CD Special with a 4.75% annual percentage yield (APY). A minimum of $1,000 in New Money to open and maintain an account. The total amount deposited to open the account must be all New Money. New Money is defined as money not on deposit with Centreville Bank within the last 30 days. A Personal Premium Checking Account or a Personal Premium Money Market Account is required." Direct link to the CD Specials: https://www.centrevillebank.com/Wa

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Reviews (2)

Great local bank

I would highly recommend this bank. I have been coming to the branch in west Warwick pretty much my whole life. The service is excellent and its almost like cheers, where everyone knows your name. The building has a lot of character as well as it is a pretty old building in my branch. Only way I would change banks is if this one went out of business.

Centerville Bank is a great local business

This place has been around a long time, but I believe only in Rhode island. I have been with them since 1990 and have always had a pleasurable experience. When they rolled out the mobile banking it had some glitches that have since been fixed. Very happy to bank and support local.



Health
A+

Health Grade Components

Overall
FDIC Certificate #17764
Year Established1888
Employees228
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD2.05%
Annual Interest Income$23.5MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$2.20B$1.88B
LoansQ1 2023vs Q1 2022$1.58B$1.23B
DepositsQ1 2023vs Q1 2022$1.67B$1.48B
Equity CapitalQ1 2023vs Q1 2022$335.9MM$339.6MM
Loan Loss AllowanceQ1 2023vs Q1 2022$10.5MM$11.5MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$13.8MM$12.6MM
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Centreville Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Centreville Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$75k*-Business Elite Savings
OTHER TIERS: 0.05% $2.5k - $25k | 0.10% $25k - $75k
0.10%*$100k*-Personal Plus Savings
OTHER TIERS: 0.05% $2.5k - $100k
0.05%$100-Business Advantage Savings
0.05%$100-Personal Savings

Centreville Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%*$500k*-Business Elite Money Market
OTHER TIERS: 1.40% $10k - $25k | 1.60% $25k - $50k | 1.80% $50k - $100k | 2.00% $100k - $250k | 2.20% $250k - $500k
2.40%*$500k*-Personal Premium Money Market
OTHER TIERS: 1.40% $10k - $25k | 1.60% $25k - $50k | 1.80% $50k - $100k | 2.00% $100k - $250k | 2.20% $250k - $500k

Centreville Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$100-Personal Premium Checking

Centreville Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.25%$1k-15 Month Premium CD Special - New Money
5.25%$1k-7 Month Premium CD Special - New Money
5.00%$1k-15 Month CD Special - New Money
5.00%$1k-7 Month CD Special - New Money
3.00%$1k-1 Year Premium CD
3.00%$1k-18 Month Premium CD
3.00%$1k-2 Year Premium CD
2.75%$1k-1 Year CD
2.75%$1k-2 Year CD
2.75%$1k-18 Month CD
2.50%$1k-9 Month Premium CD
2.25%$1k-9 Month CD
2.25%$1k-6 Month Premium CD
2.25%$1k-3 Year Premium CD
2.25%$1k-4 Year Premium CD
2.25%$1k-5 Year Premium CD
2.00%$1k-6 Month CD
2.00%$1k-3 Year CD
2.00%$1k-4 Year CD
2.00%$1k-5 Year CD
0.49%$1k-5 Year Burial Certificate
0.49%$1k-5 Year Premium Burial CD
0.35%$1k-3 Month Premium CD
0.10%$1k-3 Month CD

Centreville Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$500-1 Year Premium IRA
3.00%$500-18 Month Premium IRA
3.00%$500-2 Year Premium IRA
2.75%$500-1 Year IRA
2.75%$500-2 Year IRA
2.75%$500-18 Month IRA
2.25%$500-3 Year Premium IRA
2.25%$500-4 Year Premium IRA
2.25%$500-5 Year Premium IRA
2.00%$500-3 Year IRA
2.00%$500-4 Year IRA
2.00%$500-5 Year IRA
Locations


Centreville Bank Locations
Narragansett Branch1115 Boston Neck RoadNarragansett, RI 02882
Centreville Savings Bank1218 Main StWest Warwick, RI 02893
Cranston Branch193 Comstock ParkwayCranston, RI 02921
North Kingstown Branch234 West Main StreetNorth Kingstown, RI 02852
East Greenwich Branch495 Main StreetEast Greenwich, RI 02818
Coventry Branch777 Tiogue AvenueCoventry, RI 02816
West Greenwich Branch834 Victory HighwayWest Greenwich, RI 02817
Warwick Branch578 Greenwich AveWarwick, RI 02886
Rolfe Square Branch56 Rolfe SqCranston, RI 02910

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