Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Start Community Bank0.45%$20-Fast Start Savings
Accounts mentioned in this post. Rates as of August 22, 2014

CD and Savings Account Specials at Start Community Bank in CT - Local Only

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Start Community Bank

One nice thing about new banks is that they often have great deals as they try to attract customers. That's the case with Start Community Bank in Connecticut which was just established in December. It's currently offering two specials: a 1.67% APY 13-month CD and a 1.67% APY on its Fast Start savings account. These specials are listed in the bank's rates page as of 3/2/2011. According to the bank's note, "Promotional rate may be withdrawn at any time, but once the account is open the rate is guaranteed through June 30, 2011."

Both of these rates compare very favorably to CDs and savings accounts that are nationally available. As of 3/2/2011, the best 12-month CD rate is 1.75% APY at Connexus Credit Union, but this requires maintaining an active checking account. The best 12-month CD rate with no hassles is 1.45% APY at Incredible Bank.

It appears that a branch visit is required to open accounts at Start Community Bank. Branches are located in New Haven at 299 Whalley Ave. and at 258 Grand Avenue. Before driving a long distance, it's always best to call and confirm you can qualify.

Since the bank is so new, the health ratings aren't too useful. You can see some of the financial details in our overview of Start Community Bank. The bank is FDIC insured (FDIC Certificate #58952).

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  Tags: Start Community Bank, Connecticut, CD rates, savings account

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