Savings Rates

Grow your money with competitive rates

Share Savings

Effective Date: March 1, 2024
Shares Dividend Rate APY*
Primary Savings.02%.02%
IRA Savings.995%1.00%
Special Purpose Savings.02%.02%
Loan Payment.02%.02%
Holiday Club.02%.02%
Escrow.60%.60%

* To earn dividends, the following minimum balances are required: $100 for Primary Savings, $25 for IRA Savings, Special Purpose Savings and Holiday Club. No minimum balance is required to earn dividends for Loan Payment and Escrow Accounts. Dividend rate may change after the account is opened.

 


Checking Accounts

Effective Date: March 1, 2024
Account Tier Balance Dividend Rate APY*
Accelerated CheckingTier 1$0.00 - $5,000.00.02%.02%
Tier 2$5,000.01 - $10,000.00.03%.03%
Tier 3$10,000.01 and greater.05%.05%
Advantage Checking.02%.02%

* Must maintain an average daily balance of $5,000 in Accelerated Checking and $1,000 in Advantage Checking to avoid a monthly fee. Fees charged will reduce earnings. No minimum balance required to earn dividends on either the Accelerated or Advantage Checking Account. Dividends are earned based on the average daily balance in the account. Dividend rate may change after the account is opened.

 


Money Market Accounts

Effective Date: March 1, 2024
Account Tier Balance Dividend Rate APY*
Maxi Money Market**Tier 1$2,500.00 - $9,999.99.349%.35%
Tier 2$10,000.00 - $24,999.99.499%.50%
Tier 3$25,000.00 - $49,999.99.698%.70%
Tier 4$50,000.00 - $99,999.99.846%.85%
Tier 5$100,000.00 and greater1.242%1.25%
25 Karat Money Market***Tier 1$0.00 - $49,999.99.747%.75%
Tier 2$50,000.00 - $99,999.99.896%.90%
Tier 3$100,000.00 - $199,999.991.341%1.35%
Tier 4$200,000.00 - $299,999.991.489%1.50%
Tier 5$300,000.00 and greater1.735%1.75%

* Dividend rate may change after the account is opened.

 


Share Certificates

Effective Date: March 1, 2024
Term Dividend Rate APY*
3 Months.499%.50%
6 Months.747%.75%
SPECIAL: 7 Months**4.879%**5.00%**
9 Months.995%1.00%
12 Months1.242%1.25%
Freestyle Certificate (12 Months)***4.402%4.50%
Save to Win (12 Months)1.980%2.00%
Youth Certificate (12 Months)1.242%1.25%
18 Months1.489%1.50%
24 Months1.735%1.75%
SPECIAL: 30 Months****4.162%4.25%
36 Months1.980%2.00%
48 Months2.225%2.25%
60 Months3.198%3.25%
Jumbo Certificate: 3, 6, 9 and 12 Month Terms AvailableCall for RateCall for Rate

A $1,000 minimum balance is required to earn dividends, except for Youth Certificates which is $500, Save to Win Certificates which is $25, and Jumbo Certificates which is $100,000. Share Certificate APY assumes dividends are retained in the certificate. A certificate dividend penalty will be imposed for early withdrawal and will affect APY*; fees may reduce earnings. Rates are fixed for the term of the share certificate.

** Share Certificate APY assumes dividends are retained in the certificate. A certificate dividend penalty may be imposed for early withdrawal and may affect APY and reduce earnings on the account. To earn the advertised Annual Percentage Yield, a $1,000 minimum balance is required for a Share Certificate and a $500 minimum balance is required for an IRA Certificate. Maximum certificate amount is $250,000. Certificate Annual Percentage Yield is accurate as of 3/1/2024. Offer is subject to change without notice and may be withdrawn at any time. Certificate will renew at a 6 month term upon maturity and will earn the 6 month rate available on that date.

*** Share Certificate APY assumes dividends are retained in the certificate. Fees may reduce earnings. The Freestyle Certificate is for a 12 month term. The minimum deposit to open is $5,000.00. If the balance falls below $5,000.00 the certificate will be closed. Unlimited deposits may be made during the certificate term not to exceed a maximum balance of $500,000.00. Three (3) penalty-free withdrawals are allowed, afterward a penalty may be imposed for the early withdrawal of principal. The certificate will be automatically renewed to the same type and term at maturity. 

**** Share Certificate APY assumes dividends are retained in the certificate. A certificate dividend penalty may be imposed for early withdrawal and may affect APY and reduce earnings on the account. To earn the advertised Annual Percentage Yield, a $1,000 minimum balance is required for a Share Certificate and a $500 minimum balance is required for an IRA Certificate. Maximum certificate amount is $250,000. Certificate Annual Percentage Yield is accurate as of 3/1/2024. Offer is subject to change without notice and may be withdrawn at any time. Certificate will renew at a 24 month term upon maturity and will earn the 24 month rate available on that date.

 


IRA Certificates

Effective Date: March 1, 2024
Term Dividend Rate APY*
3 Months.499%.50%
6 Months.747%.75%
SPECIAL: 7 Months**4.879%**5.00%**
9 Months.995%1.00%
Jumbo IRA Certificate (12 Months)Call for RateCall for Rate
12 Months.1.242%1.25%
18 Months1.489%1.50%
24 Months1.735%1.75%
SPECIAL: 30 Months***4.162%4.25%
36 Months1.980%2.00%
48 Months2.225%2.25%
60 Months3.198%3.25%

A $500 minimum balance is required to earn dividends, except for the Jumbo IRA Certificate where a $100,000 minimum balance is required to earn dividends. IRA Certificate APY assumes dividends are retained in the certificate. A certificate dividend penalty will be imposed for early withdrawal and will affect APY*; fees may reduce earnings. Rates are fixed for the term of the IRA certificate.

** IRA Certificate APY assumes dividends are retained in the certificate. A certificate dividend penalty may be imposed for early withdrawal and may affect APY and reduce earnings on the account. To earn the advertised Annual Percentage Yield, a $1,000 minimum balance is required for a Share Certificate and a $500 minimum balance is required for an IRA Certificate. Maximum certificate amount is $250,000. Certificate Annual Percentage Yield is accurate as of 3/1/2024. Offer is subject to change without notice and may be withdrawn at any time. Certificate will renew at a 6 month term upon maturity and will earn the 6 month rate available on that date.

*** IRA Certificate APY assumes dividends are retained in the certificate. A certificate dividend penalty may be imposed for early withdrawal and may affect APY and reduce earnings on the account. To earn the advertised Annual Percentage Yield, a $1,000 minimum balance is required for a Share Certificate and a $500 minimum balance is required for an IRA Certificate. Maximum certificate amount is $250,000. Certificate Annual Percentage Yield is accurate as of 3/1/2024. Offer is subject to change without notice and may be withdrawn at any time. Certificate will renew at a 24 month term upon maturity and will earn the 24 month rate available on that date.


* ANNUAL PERCENTAGE YIELD
** $2,500 minimum balance required to earn dividends.
*** $25,000 balance required to open account; dividends are earned on $.01 and greater. If the balance falls below $25,000 at any time during the month, a $20 fee will be assessed.

Open an account online, give us a call, text us at 860-563-2617, schedule an appointment, or visit one of Wethersfield, Newington, Berlin, Bloomfield, Niantic, or Middletown, CT locations to learn more.