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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.]
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.
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 3.77% 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.
CDs up to 5.25% at Capital One Bank
Capital One Bank has a number of high CDs available right now:
- 14-month CD: 4.00% APY
- 24-month CD: 4.50% APY
- 60-month CD: 5.25% APY
All three of these CDs have a minimum of $500 and maximum of $1,000,000. This is only available at Capital One branches in New York, New Jersey, and Connecticut. These rates don’t seem to be listed at Capital One’s website, but you can see an ad for them here.
Capital One Bank has over 700 branches, although seemingly only one in Connecticut: 45 S. Main St. in Branford.
5-year, 5.00% CD at Valley Bank
Valley Bank has a couple competitive CD rates, one long-term and one short-term. The long-term CD is a 5-year CD that yields 5.00% APY. The minimum deposit on this CD is $10,000. The short-term CD is an 11-month CD that yields 3.75% APY, and this CD has a minimum of $5000. Both CDs require new money, and more importantly, both CDs require Valley Bank’s VIP Checking Account to receive the listed rate. These rates don’t seem to be listed on Valley Bank’s website, but you can see an ad for the CDs here.
Valley Bank has four branches, all in Connecticut: Two in Bristol, and one each in Southington and Terryville.