Essex Savings Bank


Overview / Commentary
860-767-4414
35 Plains Road
Essex, CT 06426

Essex Savings Bank is headquartered in ESSEX and is the 23rd largest bank in the state of Connecticut. It is also the 1,766th largest bank in the nation. It was established in 1851 and as of September of 2023, it had grown to 125 employees at 8 locations. Essex Savings Bank's money market rates are 73% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #17262
Year Established1851
Employees125
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD9.22%
Annual Interest Income$14.6MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$494.1MM$531.3MM
LoansQ3 2023vs Q3 2022$332MM$323.9MM
DepositsQ3 2023vs Q3 2022$423.7MM$466.7MM
Equity CapitalQ3 2023vs Q3 2022$59.9MM$54.4MM
Loan Loss AllowanceQ3 2023vs Q3 2022$2.9MM$2.7MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$206K$271K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Essex Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Essex Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.61%$5-Holiday Club
0.51%*$50k*-Clipper Ship Savings
OTHER TIERS: 0.20% Up to $10k | 0.30% $10k - $25k | 0.41% $25k - $50k
0.51%*$50k*-IRA Clipper Ship Savings
OTHER TIERS: 0.20% Up to $10k | 0.30% $10k - $25k | 0.41% $25k - $50k
0.51%*$50k*-Business Clipper Ship Savings
OTHER TIERS: 0.20% Up to $10k | 0.30% $10k - $25k | 0.41% $25k - $50k
0.20%$5-Passbook Savings
0.20%$5-Statement Savings
0.20%$5-Business Passbook Savings
0.20%$5-Business Statement Savings

Essex Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.76%$5-Money Market Account
0.76%$5-Business Money Market Account

Essex Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.41%*$100k*-Flag Ship Checking
OTHER TIERS: 0.15% $5 - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k
0.41%*$100k*-IOLTA
OTHER TIERS: 0.15% $5 - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k
0.10%$5-NOW Checking
0.10%$5-IORETA

Essex Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.93%$5-9 Month Certificate
4.93%$5-Business 9 Month CD
4.14%$5-18 Month Certificate
4.14%$5-Business 18 Month CD
3.61%$5-6 Month Certificate
3.61%$5-Business 6 Month CD
3.09%$5-3 Month Certificate
3.09%$5-Business 3 Month CD
1.22%$5-7 Year Certificate
1.22%$5-Business 7 Year CD
1.17%$5-5 Year Certificate
1.17%$5-Business 5 Year CD
1.12%$5-3 Year Certificate
1.12%$5-Business 3 Year CD
1.02%$5-1 Year Certificate
1.02%$5-2 Year Certificate
1.02%$5-Business 1 Year CD
1.02%$5-Business 2 Year CD

Essex Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.93%$5-9 Month IRA
4.14%$5-18 Month IRA
3.61%$5-6 Month IRA
3.09%$5-3 Month IRA
1.17%$5-5 Year IRA
1.12%$5-3 Year IRA
1.02%$5-1 Year IRA
1.02%$5-2 Year IRA
Locations


Essex Savings Bank Locations
Old Lyme Branch101 Halls RoadOld Lyme, CT 06371
Old Saybrook Branch155 Main StreetOld Saybrook, CT 06475
Chester Branch203 Middlesex AvenueChester, CT 06412
Essex Savings Bank35 Plains RdEssex, CT 06426
Main Street Branch9 Main StreetEssex, CT 06426
Madison Branch99 Durham RoadMadison, CT 06443

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