Banking Rates & News

Providence Area

Including Acushnet, Assonet, Attleboro, Attleboro Falls, Barrington, Berkley, Block Island, Bristol, Central Falls, Charlestown, and 64 other towns.

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Banking in the Providence Area

Providence is the largest city in Rhode Island, with about 180,000 people in the city proper. The capital city of Rhode Island, Providence is a major metropolitan area in the northeast, and most of the state's population lives in and around the city. In fact, Providence's metro population of about 1.6 million is about 50 percent more than the whole state of Rhode Island. Notable cities in the Providence region include Cranston, Fall River, New Bedford, Warwick, Pawtucket, Attleboro, North Kingstown, Fairhaven, and Taunton.

Providence has a long history as a major financial center, having been home to major banks including Fleet Bank and RBS Citizens Bank, which still has its headquarters in the city today. Other notable banks with headquarters in Providence or the surrounding area include TD Bank, N.A., Washington Trust Company, Bank Rhode Island, Pawtucket Credit Union, and Bristol County Savings Bank. The oldest bank still operating in the area is Washington Trust Company, which was established in 1800.

There are 20 banks and 46 credit unions that are headquartered in the Providence area. There are an additional 30 banks and 10 credit unions that are based elsewhere but have offices in the Providence region. Altogether, those banks and credit unions have about 830 branches in the area.

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Local Deals & News

Navy Certificate Rates Decline
18-Month Certificate now 2.60% 5-Year Certificate now 3.00%
Taunton Federal Credit Union (MA/RI) Adds 9-Month eCD, 2.40% APY
Deal Summary: 9-month eCertificate Special, 2.40% APY, $250 minimum deposit. Availability: Residents of Bristol County, Massachusetts and most of Rhode Island. Massachusetts-based Taunton Federal Credit Union (TFCU) recently added two
Navy Fed Rate Change - Monday August 19
I was just told that the 5yr CD special that was 3.5% will be reduced to 3.25% on Monday. I spoke to a Navy Fed representative.
Bank5 Connect 24 Mth Investment CD Now 2.45%
Rate, which remained at 2.70% APY for well over a year, has suffered two cuts in August, first to 2.60%, now 2.45%. https://www.bank5connect.com/home/cds/investment-cd
Home Loan Investment Bank Offers 5-Year eCD
UPDATE 8/19/19: The 5-year eCD rate has fallen to 2.60% APY. Deal Summary: 5-year eCD, 3.05% APY, $2.5k minimum deposit, online application only. Availability: Nationwide through online application. With CD
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