14 Best Banks in Rhode Island for 2023

It might be a small state, but Rhode Island has plenty to offer, from its beautiful coastline to its delicious food. Robust healthcare and tourism industries keep plenty of people employed in the state, and all those people need great banking options.

Whether you live in Providence, Newport, Cranston, or one of the many small towns in Rhode Island, there’s likely a banking option that will meet your needs. Rhode Island features a combination of national, local, and regional banks, along with the many online accounts available wherever you live.

Welcome to Rhode Island

14 Best Banks in Rhode Island

There’s a bank around every corner in Rhode Island, but with online banking, you don’t even have to leave the house to do most of your banking. Still, when you need cash or customer service, it can be helpful to have a bank with a local presence. To help you make an informed decision, here’s a list of the best banks in Rhode Island.

TD Bank is a national bank with 9 branches in Rhode Island, including Providence, Cranston, Warwick, and Pawtucket. If you’re on the move, the bank also has locations in many other states, which adds an extra layer of convenience.

You’re not just limited to in-person banking; TD Bank has a strong mobile banking app where you can handle the majority of your banking needs.

If you’re looking for a checking account, consider TD Bank’s Convenience Checking. This option allows you to avoid the $15 monthly fee if you maintain a daily balance of just $100.

If you’re a new customer, you might be eligible for a $300 bonus if you fulfill certain requirements in the first 60 days. The best part? You don’t have to worry about a minimum deposit or minimum balance requirement.

When it comes to interest rates, TD Bank doesn’t disappoint. You can get up to a 4.00% APY on savings accounts and up to 5.00% APY on CDs.

Other advantages include extra time to sort out any overdrafts and around-the-clock online customer service. All of these features make TD Bank a strong contender for anyone looking for the best banks in Rhode Island.