Savings, IRAs, CDs

Tailored accounts for your success.

Our savings accounts are specifically built to keep you safe, secure and growing.

Online Savings

NSBiSavings
  • Higher interest rates for higher balances
NSBeSavings
  • No monthly fees and only $25 to open and earn interest

Statement Savings

Our basic savings account - pairs perfectly with any of our checking accounts


Great Prize Savings

Save a little win a lot - $1,500 sweepstakes prize awarded to one lucky winner quarterly*

Great Start Savings

Teach your little one the power of saving - designed for children under the age of 18
































Not sure where to begin?


NSBiSavings NSBeSavings Statement Savings Great Prize Savings
Monthly Fee $25 None $3 None
Min. Daily Balance to waive fees $5,000 x mark $250 x mark
Fee waived for age under 18 x mark x mark check mark x mark
Free eStatement Required Required Optional Optional
Online Only check mark check mark x mark x mark
Online Banking/App Access check mark check mark check mark check mark
Pays Interest Highest Tiered Highest Rate Competitive Good

Other Savings Options:

  • Tiered Money Market
Maintain a minimum daily balance of $5,000 to earn interest and waive monthly account fees. Earn more interest with higher account balances.

  • Basic Money Market
Earn interest with a minimum $20 monthly account balance and have your fee waived with a minimum daily balance of $1,000.


  • Money Market Accounts opened in a branch office do not have a minimum deposit to open.
  • Accounts opened online have $25 minimum to open unless noted as higher.
  • Minimum to Earn Annual Percentage & Yield:
  • Basic Money Market Accounts have a $20 minimum daily balance to earn Annual Percentage Yield.
  • Tiered Money Market Accounts and NSBiSavings have a $5,000 minimum daily balance to earn APY.

Savings & Money Market

Product Annual Percentage Yield
Basic Money Market Account 0.50%
Statement Savings 0.35%
Passbook Savings 0.35%
Holiday Club 0.10%
Tiered MMA - Based on Daily Balance
$0 - $4,999.99
$5,000 - $24,999.99
$25,000 - $49,999.99
$50,000 - $149,999.99
$150,000 - $999,999.99
$1,000,000+
0.00%
0.75%
1.00%
1.25%
1.50%
2.00%
Health Savings Account - Based on Daily Balance
$0 - $999.99
$1,000 - $2,499.99
$2,500 - $4,999.99
$5,000 - $14,999.99
$15,000
0.05%
0.10%
0.15%
0.20%
0.25%
NSBeSavings 1.25%
NSBiSavings - Based on Daily Balance
$0 - $4,999.99
$5,000 - $24,999.99
$25,000 - $49,999.99
$50,000 - $99,999.99
$100,000+
0.00%
1.25%
1.75%
2.50%
3.00%
Great Prize Savings - Based on Daily Balance
$10- $4,999.99
$5,000.00 - $24,999.99
$25,000+
0.01%
0.03%
0.05%
Great Start Savings - Based on Daily Balance
$.01-$1,000.00
$1,000.01+
5.00%
0.35%
  • Special 3 Year CD at 4.75% APY or 2 Year CD at 4.00% APY

  • Standard Certificates of Deposit 
Available with maturities from 3 months to 5 years.


  • All types of CDs require a minimum deposit of $500 to be opened and to earn the advertised APY.
  • Interest credited may be withdrawn prior to maturity without penalty. The Annual Percentage Yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
  • All Certificates of Deposits will automatically reinvest at maturity for the same or similar term at the rate in effect on that date. The grace period for CDs is ten (10) calendar days.
  • After the account is opened, you may not make deposits into nor withdrawals of principal from this account until the maturity date without substantial penalty. To obtain the Annual Percentage Yield disclosed, principal and interest must remain on deposit for 365 days at the nominal rate of interest.

CDs & IRAs

Product

Interest
Rate
Annual Percentage Yield Early Withdrawal Penalty
3 Month CD & IRA
0.20%
0.20%
30 Days Interest
6 Month CD & IRA
4.40%
4.50% 90 Days Interest
1 Year CD & IRA
0.25%
0.25% 180 Days Interest
15 Month CD & IRA
0.30%
0.30%
180 Days Interest
18 Month CD & IRA
0.35%
0.35%
180 Days Interest
2 Year CD & IRA
3.92%
4.00%
365 Days Interest
3 Year CD & IRA
4.64% 4.75% 365 Days Interest
4 Year CD & IRA
0.60%
0.60% 365 Days Interest
5 Year CD & IRA
0.70% 0.70% 365 Days Interest







  • CDARS®
Access FDIC insurance on CD deposits that exceed the standard FDIC insurance maximum of $250,000.

  • Traditional IRAs
Contributions may be tax-deductible. Please consult your tax advisor.

  • Roth IRAs

Contributions are not tax-deductible, but earnings are tax-free when you begin making withdrawals.


Calculator iconCalculators
We have some great savings and retirement calculators. View Calculators


Definitions of Terms:
  • "Annual Percentage Yield" is the percentage rate reflecting the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 365-day period.
  • "Principal" is the amount of funds assumed to have been deposited at the beginning of the account.
  • "Interest" is the total dollar amount of interest earned on the principal for the term of the account.






*Earn an entry in our drawing by depositing at least $25.00 in your Great Prize Savings Account. Each eligible deposit qualifies as one entry up to a total of 24 deposits per quarter. The winner will have $1,500.00 deposited in his/her Great Prize Savings Account. Consumer accounts only, must be 18 years of age and a CT resident. Limit one account per Social Security Number. Minimum balance to earn interest is $10.00. Minimum deposit to open is $25.00. Fees may reduce earnings. Odds of winning depend on number of eligible entries received. Major restrictions and eligibility requirements apply – see Official Rules available at any Bank branch. Void where prohibited. The Great Prize Savings account is conducted under United States and Connecticut law as a savings promotion raffle. See Official Rules.

Annual Percentage Yields (APYs) and interest rates shown below are effective as of the date above. For more information regarding our bank rates, call 800.461.0672. Interest rates subject to change at Management’s discretion.

For all of our deposit accounts and their interest rates:
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit.

Fees may reduce earnings. Excluding CDs and IRAs, products listed are variable-rate accounts and your interest rate may change after you open your account.