Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
860-638-2922
315 Main Street
Middletown, CT 06457

Liberty Bank is the oldest mutual bank in the state of Connecticut and provides customers with best-in-class products, services and rates. Chartered way back in 1825, they have grown with the state, and currently serve more than 190,000 individual and business customers there.

When you bank with Liberty, you get great products, competitive rates, and friendly personal service. In other words, everything you need to make a statement about how you want to bank.

Related Posts

Checking and CD Specials at Liberty Bank in Connecticut - EXPIRED - 4/8/2014

Liberty Bank in Connecticut is offering some good deposit specials. The first is called the "Pick Your Term CD Special", and it offers three competitive rates: 2.50% APY for 5 years, 2.25% APY for 4 y ...

Reviews (1)

Liberty!

Actually a really good bank no deposit minimum for a basic checking account and if you over draft only get hit with one fee of 30 and no succesive fees. Also gave me 100 bonus after 6 months.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Liberty Bank had $32.53 million in non-current loans and owned real-estate with $621.74 million in equity and loan loss allowances on hand to cover it. This gives Liberty Bank a Texas Ratio of 5.23% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Liberty Bank experienced no significant changes from 3.85% as of March 31, 2013 to 5.23% as of March 31, 2014, resulting in a negative change of 35.82%. This indicates that the balance sheet and financial strength for Liberty Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Liberty Bank has decreased its total deposits by -$107.73 million, resulting in -3.71% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Liberty Bank has shown is below average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Liberty Bank has $3.62 billion in assets with $621.74 million in equity, resulting in a capitalization level of 17.17%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #17943
Year Established1825
Employees620
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.62 billion
Loans$2.69 billion
Deposits$2.79 billion
Equity Capital$582.73 million
Loan Loss Allowance$39.02 million
Unbacked Noncurrent Loans$32.28 million
Real Estate Owned$248,000
Historic Data - March 2013
Assets$3.60 billion
Equity Capital$529.40 million
Loan Loss Allowance$39.02 million
Unbacked Noncurrent Loans$32.28 million
Real Estate Owned$537,000
Profit Margin - Quarterly
Net Interest Margin3.45%
Return on Assets0.77%
Return on Equity4.76%
Interest Income$32.54 million
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Liberty Bank, we are a rate comparison website and can not provide official rates or promotions.

Liberty Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-BreakFree Savings
0.20%$50k-Online Savings Overdraft Protection
0.20%$25k-BreakFree Business Savings
0.20%$25k-Online BreakFree Savings
0.20%$50k-Savings Overdraft Protection
0.20%$50k-Business Savings Overdraft

Liberty Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-BreakFree Money Maker
0.35%$50k-BreakFree Business Money Maker Account
0.35%$50k-Online BreakFree Money Maker
0.35%$500k-Municipal Money Market Preferred

Liberty Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-Online 5 Year CD
1.10%$500-5 - 10 Year CD
1.00%$500-4 Year CD
1.00%$500-Online 4 Year CD
0.65%$500-3 Year CD
0.65%$500-Online 3 Year CD
0.50%$500-6 Month CD
0.50%$500-2 Year CD
0.50%$5k-6 Month Business CD
0.25%$500-1 Year CD
0.25%$5k-1 Year Business CD
0.10%$500-3 Month Business CD

Liberty Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-4 Year IRA
1.00%$500-Online 4 Year IRA
0.65%$500-3 Year IRA
0.65%$500-Online 3 Year IRA
0.50%$500-6 Month IRA
0.50%$500-2 Year IRA
0.25%$500-1 Year IRA
Locations

Liberty Bank has 47 locations. Click to view all Liberty Bank locations.