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Rhode Island Bank Facts, Financials, News and Rates

About Rhode Island:
13 banks are headquartered in Rhode Island. RI also hosts 247 bank branches within its borders.
Rhode Island ranks 16th in the U.S. for banking size, due to the fact that the banks in RI have a combined asset size of $174 Billion.
Of the banks in Rhode Island, the biggest is Bank of America, Rhode Island, National Association. Bank of America, Rhode Island, National Association has $1,880 Billion in assets - fully 17.97 % of the banking assets in RI. By contrast, Talbots Classics National Bank is the smallest bank in Rhode Island. Talbots Classics National Bank has an asset size of $10 Million.
Rhode Island has 17,883 people employed full-time at the banks headquartered within its borders.
The average APY for a 12 month bank CD in Rhode Island is 0.45 %, while the overnight auction rate at MoneyAisle for a 12 month certificate of deposit was 1.51 %! Try it out for yourself: Compare the live auction rates on MoneyAisle to the average rate offered in Rhode Island!

Banks HQ in RI: 13
Number of RI Branches: 247
Average Branch Deposit Size: $120 Million
RI HQ Banks Employ : 17,883 full-time employees
RI HQ Banks Assets: $174 Billion
Biggest Bank HQ in RI (Assets): Bank of America, Rhode Island, National Association
Smallest Bank HQ in RI (Assets): Talbots Classics National Bank
% of US Bank Assets: 1.28 %

Data from FDIC as of 3/31/2009

(Largest Banks by Asset Size)

(Largest Banks by Asset Size)

Term	National Avg APY*	Overnight Auction APY†
High-Yield Savings Account Rates	0.18%	1.25%
3 Month CD Rates	0.24%	0.80%
9 Month CD Rates	0.57%	1.30%
1 Year CD Rates	0.57%	1.51%
2 Year CD Rates	0.92%	1.95%

Show me CD Rates offered to people from my state:

*Source: TheStreet.com

†Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

* Annual Percentage Yield ("APY")