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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.]
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.
Competitive long-term CDs at Farmington Savings Bank
Farmington Savings Bank has good rates available on some of their longer-term CDs:
- 36-month and 42-month CDs: 2.00% APY
- 48-month and 54-month CDs: 2.10% APY
- 5-year CD: 2.30% APY
These CDs all have a minimum deposit requirement of $500. Shorter-term CDs from Farmington Savings aren’t as competitive: Their 1-year CDs, for example, are 0.70% APY. All of Farmington’s CDs longer than 1 year have a penalty of 6 months of interest if the CD is closed early.
Unfortunately, Farmington Savings Bank’s branch locator is down right now, so I can’t list the Connecticut cities their branches are in, but you can try their branch locator later by clicking here.
5-year, 2.50% CD at Savings Institute Bank & Trust
Savings Institute Bank & Trust has a nice long-term CD available: Their 5-year CD is yielding 2.50% APY. The CD has a minimum deposit of $500, and the same rate is also available on a 6-year CD if you want to lock in your rate longer. Savings Institute Bank also has a 35-month CD available that’s yielding 2.08% if you’re a Choice Alliance or e.SI Checking customer and 1.85% if you’re not. That also has a $500 minimum deposit.
Savings Institute Bank & Trust has 21 locations, all in Connecticut: two in Willimantic, and one each in Brooklyn, Canterbury, Colchester, Dayville, East Hampton, East Lyme, Enfield, Groton, Hebron, Lebanon, Lisbon, Mansfield, Moosup, Mystic, New London, North Windham, Norwich, South Windsor, and Tolland.
CD rates up to 3.00% at Capital One Bank
Capital One Bank has a few competitive rates available: Their 2-year CD is yielding 2.25%, their 3-year and 4-year CDs are yielding 2.50% APY, and their 5-year CD is yielding 3.00% APY. These CDs have a minimum of $5000.
Capital One Bank has over 700 branches, although only one in Connecticut: 45 S. Main St. in Branford.
CDs up to 3.40% at New Alliance Bank
New Alliance Bank has a few competitive CDs available:
- 20-month CD: 2.40% APY
- 36-month CD: 3.40% APY
- 48-month CD: 3.40% APY
These CDs all have a minimum deposit of $1000 to open.
New Alliance Bank has over 50 locations throughout Connecticut; you can find one near you here.
2.65%+ 1-year IRA CD at Thomaston Savings Bank
Thomaston Savings Bank has a good short-term for investors looking to start or roll-over an IRA: Their 1-year IRA CD is yielding 2.65% APY. This IRA CD has a $1000 minimum. Even better, however: If you have $100,000 to deposit, the rate goes up to 2.75% APY.
Thomaston Savings Bank has eight branches, all in Connecticut: Two in Thomaston, and one each in Harwinton, Middlebury Terryville, Waterbury, and Watertown.
CDs up to 3.77% at Torrington Savings Bank
Torrington Savings Bank is offering some decent rates on long-term CDs. Their 4-year CD is yielding 3.67% APY, and their 5-year CD is yielding 3.77% APY. Both CDs have a minimum of $1000, and both CDs are available as IRA CDs. They’re also offering a 1-year CD that’s returning 3.00% APY.
Torrington Savings Bank has six locations, all in Connecticut: Three in Torrington and one each in Burlington, and Falls Village, and Goshen.
Super-long-term CDs up to 4.25% at Capital One Bank
If you’re looking to lock away your money for a very long time, Capital One Bank has a couple extra-long-term CDs available. Capital One’s 7-year CD is yielding 4.00% APY, and their 10-year CD is yielding 4.25% APY. These CDs have a minimum of $5000.
Capital One Bank has over 700 branches, although seemingly only one in Connecticut: 45 S. Main St. in Branford.
5-month, 4.00% CD at Hudson City
Hudson City Savings Bank has a pretty nice short-term CD: Their 5-month CD is returning 4.00% APY. This CD has a minimum opening deposit of $500. The rate isn’t listed on Hudson City’s website, but you can see an ad for it here (through at least 12/5).
Husdon City Savings Bank has branches in New Jersey, New York and Connecticut, with nine branches in Connecticut: Bethe, Brookfield, Cos Cob, Darien, Fairfield, Monroe, Norwalk, Ridgefield, Stamford, and Westport.