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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.
Short-term CDs up to 4.25% at Sovereign Bank
Sovereign Bank has two competitive short-term CDs available. The first is a 9-month CD yielding 4.00% APY, and the other is a 1-year CD yielding 4.25% APY. Both CDs have a minimum deposit of $500 and a maximum of less than $500,000. Soverign Bank also has a high savings rate available: Their Money Market Savings Account is yielding 3.75% APY for amounts $75,000 or greater and yielding 3.00% APY starting at $25,000.
Sovereign Bank has 750 branches throughout the Northeast, including over 30 branches in Connecticut.