Essex Savings Bank

Overview / Commentary
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 1,638th largest bank in the nation. It was established in 1851 and as of September of 2021, it had grown to 125 employees at 8 locations. Essex Savings Bank has an A health rating.


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

FDIC Certificate #17262
Year Established1851
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD4.52%
Annual Interest Income$10.5MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$545.4MM$469.5MM
LoansQ3 2021vs Q3 2020$318.8MM$327.4MM
DepositsQ3 2021vs Q3 2020$480.4MM$408.6MM
Equity CapitalQ3 2021vs Q3 2020$53.5MM$51.7MM
Loan Loss AllowanceQ3 2021vs Q3 2020$2.6MM$3.2MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$2.2MM$10.5MM
Real Estate OwnedQ3 2021vs Q3 2020$0$0
Report an Issue

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

0.08%*$50k*-Clipper Ship Savings
OTHER TIERS: 0.03% Up to $10k | 0.04% $10k - $25k | 0.06% $25k - $50k
0.08%*$50k*-IRA Clipper Ship Savings
OTHER TIERS: 0.03% Up to $10k | 0.04% $10k - $25k | 0.06% $25k - $50k
0.08%*$50k*-Business Clipper Ship Savings
OTHER TIERS: 0.03% Up to $10k | 0.04% $10k - $25k | 0.06% $25k - $50k
0.05%$5-Holiday Club
0.02%$5-Passbook Savings
0.02%$5-Statement Savings
0.02%$5-Business Passbook Savings
0.02%$5-Business Statement Savings

Essex Savings Bank Money Market Rates

0.03%$5-Money Market Account
0.03%$5-Business Money Market Account

Essex Savings Bank Checking Account Rates

0.07%*$100k*-Flag Ship Checking
OTHER TIERS: 0.02% $5 - $25k | 0.03% $25k - $50k | 0.05% $50k - $100k
OTHER TIERS: 0.02% $5 - $25k | 0.03% $25k - $50k | 0.05% $50k - $100k
0.02%$5-NOW Checking

Essex Savings Bank CD Rates

0.65%$5-7 Year CD
0.65%$5-Business 7 Year CD
0.30%$5-5 Year CD
0.30%$5-Business 5 Year CD
0.25%$5-3 Year CD
0.25%$5-Business 3 Year CD
0.20%$5-2 Year CD
0.20%$5-Business 2 Year CD
0.15%$5-18 Month CD
0.15%$5-Business 18 Month CD
0.10%$5-9 Month CD
0.10%$5-1 Year CD
0.10%$5-Business 9 Month CD
0.10%$5-Business 1 Year CD
0.05%$5-3 Month CD
0.05%$5-6 Month CD
0.05%$5-Business 3 Month CD
0.05%$5-Business 6 Month CD

Essex Savings Bank IRA Rates

0.30%$5-5 Year IRA
0.25%$5-3 Year IRA
0.20%$5-2 Year IRA
0.15%$5-18 Month IRA
0.10%$5-9 Month IRA
0.10%$5-1 Year IRA
0.05%$5-3 Month IRA
0.05%$5-6 Month IRA

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.