Connecticut Community Bank Offers Highest 18-Month CD Rate in CT


Deal Summary: 18-month CD, 1.40% APY, $500 minimum deposit.

Availability: Fairfield County, Connecticut

The highest CD rate offered by Connecticut Community Bank, N.A. is 1.40% APY on its 18-month CD. The minimum opening deposit is $500, with no stated balance cap. A year ago, the 18-month CD earned 2.00% APY, but the rate dropped to 1.70% APY in early January, with another decrease of 30 bps in March.

0.30%$500-Connecticut Community Bank, National Association18 Month IRA
0.30%$500-Connecticut Community Bank, National Association18 Month CD
Rates as of April 15, 2024.

The 18-month CD is also available as an IRA CD (Traditional, Roth), earning the same APY with the same deposit requirements.

The Savings, CDs and IRAs page has a drop-down menu for Jumbo CDs ($100k minimum), but the rates for Jumbo CDs aren’t listed. CSR stated that the Jumbo CD rates are “technically” the same as the regular CDs. The difference is that Jumbo CD interest does not compound and is credited to the account at maturity, while the interest for a regular CD compounds monthly.

According to CSR, the Early Withdrawal Penalty is 180 days of interest, with partial withdrawals allowed.


Headquartered in Westport, Connecticut Community Bank describes itself as a “locally owned, full-service community bank,” but it’s actually five divisions (with eight branch locations) operating in Fairfield County, Connecticut. The divisions are:

  • Greenwich Bank & Trust®
  • Westport National Bank®
  • Stamford Bank & Trust®
  • Darien Bank & Trust®
  • Norwalk Bank & Trust®

When I asked CSR what the Bank’s market area is, she said "they like customers to live within ten miles of a branch,” but the final decision on who may open an account is up to each individual branch.

Opening a CD can be done at any of eight Connecticut branches, located in Darien, Fairfield, Greenwich (2), Norwalk, Riverside, Stamford, and Westport. While all the branch lobbies are currently closed to walk-in traffic, appointments can be made.

Bank Overview

Connecticut Community Bank, N.A. has an overall health rating of "A" at, with a Texas Ratio of 8.93% (excellent) based on March 31, 2020 data. In the past year, the Bank has increased its total non-brokered deposits by $5.44 million, an above average annual growth rate of 1.32%. Please refer to our financial overview of Connecticut Community Bank, N.A. (FDIC Certificate # 34876) for more details.

Established in 1998, the Bank was originally known as Westport National Bank. The Bank was reorganized in 2000 and a series of mergers between several historic Connecticut banks (Darien Bank and Trust, Greenwich Bank and Trust, Norwalk Bank and Trust, Stamford Bank and Trust, Westport National Bank) resulted in Connecticut Community Bank, N.A. Currently Connecticut’s 21st largest bank, Connecticut Community Bank has assets in excess of $465 million.

How the CD Compares

When compared to 220 similar length of term CDs tracked by that require a similar minimum deposit of and are available in the market area, Connecticut Community Bank’s 18-month CD APY* currently ranks first.

The above rates are accurate as of 7/24/2020.

Looking for the best CD rates, either nationwide or state-specific? Please refer to our CD Rates Table page.

*We continue to work to keep our rates up-to-date, but there have been just too many rate cuts for us to process quickly. For the time being, please be aware that the rates listed at may not reflect the latest rates published by the banks and credit unions.

Related Pages: New York CD rates, 1-year CD rates


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