Featured Savings Rates
Featured Accounts

Essex Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.10%5-year CD5 Year CD
0.20%1-year CD1 Year CD
0.04%SavingsStatement Savings

Overview / Commentary
860-767-8238
35 Plains Road
Essex, CT 06426

Essex Savings Bank is headquartered in Essex and is the 29th largest bank in the state of Connecticut. It is also the 1,844th largest bank in the nation. It was established in 1851 and as of June of 2017, it had grown to 139 employees at 6 locations. Essex Savings Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #17262
Year Established1851
Employees139
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD5.49%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$372.9MM$368.3MM
LoansQ2 2017vs Q2 2016$301.5MM$297.7MM
DepositsQ2 2017vs Q2 2016$319.7MM$299.5MM
Equity CapitalQ2 2017vs Q2 2016$45.1MM$42.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$2.3MM$2.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$743.00K$1.0MM
Real Estate OwnedQ2 2017vs Q2 2016$519.00K$193.00K
Rates
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* 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
0.15%*$50k*-Clipper Ship Savings
OTHER TIERS: 0.05% Up to $10k | 0.08% $10k - $25k | 0.10% $25k - $50k
0.15%*$50k*-IRA Clipper Ship Savings
OTHER TIERS: 0.05% Up to $10k | 0.08% $10k - $25k | 0.10% $25k - $50k
0.15%*$50k*-Business Clipper Ship Savings
OTHER TIERS: 0.05% Up to $10k | 0.08% $10k - $25k | 0.10% $25k - $50k
0.05%--Holiday Club
0.04%--Passbook Savings
0.04%--Statement Savings
0.04%--Business Passbook Savings
0.04%--Business Statement Savings

Essex Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Money Market Account

Essex Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-Flag Ship Checking
OTHER TIERS: 0.04% Up to $25k | 0.06% $25k - $50k | 0.08% $50k - $100k
0.02%--NOW Checking
0.02%--IORETA

Essex Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%--7 Year CD
1.75%--Business 7 Year CD
1.10%--5 Year CD
1.10%--Business 5 Year CD
0.40%--3 Year CD
0.40%--Business 3 Year CD
0.35%--2 Year CD
0.35%--Business 2 Year CD
0.30%--18 Month CD
0.30%--Business 18 Month CD
0.20%--1 Year CD
0.20%--Business 1 Year CD
0.15%--9 Month CD
0.15%--Business 9 Month CD
0.10%--6 Month CD
0.10%--Business 6 Month CD
0.05%--3 Month CD
0.05%--Business 3 Month CD

Essex Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%--5 Year IRA
0.40%--3 Year IRA
0.35%--2 Year IRA
0.30%--18 Month IRA
0.20%--1 Year IRA
0.15%--9 Month IRA
0.10%--6 Month IRA
0.05%--3 Month 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 RoadEssex, CT 06426
Main Street Branch9 Main StreetEssex, CT 06426
Madison Branch99 Durham RoadMadison, CT 06443