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.
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.
Leave us your banking deals
If you’ve seen any good CD rates, money market rates, or savings account rates in Connecticut, please leave them in the comments of this post. Thanks!