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[Please note: This page is part of the CD Rates CT archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]
CDs up to 2.89% at SUMA (Yonkers) Federal Credit Union
SUMA (Yonkers) Federal Credit Union has a number of very competitive CDs across the entire time spectrum:
- 3-month CD: 1.41% APY
- 6-month CD: 1.51% APY
- 1-year CD: 1.77% APY
- 2-year CD: 2.02% APY
- 3-year CD: 2.18% APY
- 4-year CD: 2.38% APY
- 5-year CD: 2.79% APY
These certificates all have $1000 minimums. However, on CDs 2 years or longer, if you increase to a $50,000 minimum, you get at 0.10% bump in the CD rates. SUMA (Yonkers) FCU also has a very competitive money market, which earns 1.11% APY on amounts up to $50,000 and 1.31% APY on deposits $50,000 and up.
SUMA (Yonkers) FCU has five locations, including two in Connecticut: 555 George St. in New Haven and 39 Clovelly Rd. in Stamford. Unfortunately, SUMA (Yonkers) Federal Credit Union does not list their field of membership on their website, but they seem to be associated with the Ukrainian-American community.
13-month, 1.67% CD at Start Community Bank
Start Community Bank has a very competitive short-term CD available: a 13-month CD that’s yielding 1.67% APY. This CD has a minimum deposit of $500 and is also available as an IRA CD. Start Community also has a promo rate on their “Fast Start Savings” account: also 1.67% APY. This account has only a $20 minimum to earn interest, and the promo rate is guaranteed through June 30th of this year. That said, their normal savings account is only yielding at best 0.30%, so expect that rate to drop dramatically on July 1st.
Start Community Bank has two branches, both in New Haven: 258 Grand Ave. and 299 Whalley Ave.
5-year, 2.75% CD at Union Savings Bank
Union Savings Bank has a competitive long-term CD available: Their 5-year CD is yielding 2.75% APY. The CD has a minimum required deposit of $1000. While this rate is relatively high, Union Savings Bank’s CD rates drop precipitously after that; their 4-year CD, for example, is only returning 1.50% APY. On the plus side, if you open a checking with rewards account with them, they’ll give you a 0.25% rate bump on any of their CDs.
Union Savings Bank is a large Connecticut-based bank, with five branches in Danbury; three branches in New Milford; two branches each in Bethel, Brookfield, Newtown, and Torrington; and one branch each in Bridgewater, Canton, Goshen, Kent, Litchfield, Marble Dale, New Fairfield, Ridgefield, Roxbury, Sharon, Southbury, and Washington Depot.