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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.]
1.11% 3/6-month, 1.16% 1-year CDs at CSE Credit Union
CSE (Connecticut State Employees) Credit Union has a number of competitive short term CDs available. Their 3-month and 6-month CDs are yielding 1.11% APY, and their 1-year CDs are returning 1.16% APY. The certificates have a minimum deposit of $500. Those CDs aren’t available as IRA CDs, but CSE Credit Union does have an 18-month IRA CD returning 1.31% APY and a 3-year CD that yields 1.66% APY, both with a $500 minimum.
CSE Credit Union is primarily open to employees of the State of Connecticut. CSE CU has seven locations, all in Connecticut: one branch each in Hartford, Middletown, Norwich, Newington, Southbury, Storrs, and Woodbridge.
3-year, 2.65% APY “Scorecard Rewards” CD at CorePlus Credit Union
CorePlus Credit Union has a very competitive rate on a their 3-year “Scorecard Rewards” certificate: 2.65% APY. This CD has a minimum deposit of $10,000. Unfortunately, the CorePlus website gives very little information on what else is necessary to open a “Scorecard Rewards” CD; there is a link to this website, but it doesn’t seem to have an pertinent information either. That said, if you’re considering a high-rate 3-year CD, it may be worth giving them a call.
CorePlus Credit Union is open to anyone who lives, works, worships, or attends school in New London County or Windham County, as well as people who live in the town of Hebron. CorePlus CU has seven branches: three in Norwich and one each in East Lyme, Groton, Plainfield, and Waterford.
CDs up to 2.80% at MassMutual Credit Union
MassMutual Credit Union has a number of competitive mid-term and long-term CDs. Their 3-year CD is yielding 2.20% APY, their 4-year CD is returning 2.45% APY, and their 5-year CD is returning 2.80% APY. These CDs require a minimum deposit of $50,000, but the CDs are also available with a $500 minimum deposit with only a 0.10% APY drop.
MassMutual CU is open to all employees and retirees of the MassMutual Financial Group. MassMutual Credit Union has three locations, including one in Connecticut: 100 Bright Meadow Blvd. in Enfield.
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.
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.
CDs up to 4.50% at Connex Credit Union
Connex Credit Union has a number of very competitive CD rates:
- 6-month CD: 4.00% APY
- 16-month CD: 4.25% APY
- 26-month CD: 4.50% APY
These rates require that you have Connex CU’s Your Choice Checking Account; if you don’t have an account (or open one), the rates will be 0.25% lower. Your Choice Checking does require direct deposit or a $5/month fee will be charged. These CDs have a minimum deposit of $500 and a maximum deposit of $500,000.
Membership in Connex Credit Union is open to anyone who lives, works, worships or attends school in Hartford County, Middlesex County, or New Haven County. Connex CU has eight locations: three in New Haven, and one each in East Hartford, Guilford, Hamden, Orange, and Wallingford.