Savings, IRAs, CDs
Tailored accounts for your success.
Our savings accounts are specifically built to keep you safe, secure and growing.
Round-Up Savings
Easily save for your dreams and support causes you care about. Every time you swipe your debit card, your purchase rounds up to the nearest dollar. You choose where that spare change goes!
Statement Savings
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?
Compare Savings Accounts
Other Savings Options:
Money Market
- 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.
- Accounts have a $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 | 0.25% |
| Passbook Savings | 0.25% |
| 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% 0.50% 0.75% 1.00% 1.25% 1.75% |
| 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 | 1.00% |
| 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%
1.00%
1.50%
2.00%
2.50%
|
| 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%
0.25%
|
Certificates of Deposit (CDs)
-
6 Month CD at 2.00% APY
-
1 Year CD at 3.25% APY
- 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- Interest credited may be withdrawn prior to maturity without penalty.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.
CD & IRA Rates
CDs & IRAs
|
Product
|
Interest
Rate
|
Annual Percentage Yield | Early Withdrawal Penalty |
|---|---|---|---|
|
3 Month CD & IRA
|
0.15% |
0.15% |
30 Days Interest |
| 6 Month CD & IRA |
1.98% |
2.00% | 90 Days Interest |
|
1 Year CD & IRA
|
3.20% |
3.25% | 180 Days Interest |
| 15 Month CD & IRA |
1.49% |
1.50% |
180 Days Interest |
|
18 Month CD & IRA
|
1.98% |
2.00% |
180 Days Interest |
|
2 Year CD & IRA
|
0.50% |
0.50% |
365 Days Interest |
| 3 Year CD & IRA |
2.96% | 3.00% | 365 Days Interest |
| 4 Year CD & IRA |
3.44% |
3.50% | 365 Days Interest |
| 5 Year CD & IRA |
0.50% | 0.50% | 365 Days Interest |
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.
CalculatorsWe 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.