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Ion Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
ionbank.com
203-729-4442
87 Church Street
Naugatuck, CT 06770

Ion Bank is headquartered in NAUGATUCK and is the 6th largest bank in the state of Connecticut. It is also the 562nd largest bank in the nation. It was established in 1870 and as of September of 2024, it had grown to 322 employees at 26 locations. Ion Bank's money market rates are 3X the national average, and it has an A health rating.

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Health
A

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18198
Year Established1870
Employees322
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD8.31%
Annual Interest Income$79.5MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$2.13B$2.18B
LoansQ3 2024vs Q3 2023$1.57B$1.5B
DepositsQ3 2024vs Q3 2023$1.79B$1.74B
Equity CapitalQ3 2024vs Q3 2023$212.4MM$183MM
Loan Loss AllowanceQ3 2024vs Q3 2023$17.7MM$18MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$5.5MM$13.5MM
Real Estate OwnedQ3 2024vs Q3 2023$5.4MM$6.2MM
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Rates
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Always verify rates and promotions with the bank or credit union. We are not Ion 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.

Ion Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%*$100k*-Ka-Ching! Savings
OTHER TIERS: 0.70% → $50 - $10k | 1.30% → $10k - $100k
0.95%*$100k*-Statement Savings
OTHER TIERS: 0.05% → $50 - $10k | 0.55% → $10k - $100k
0.70%*$100k*-Passbook Savings
OTHER TIERS: 0.05% → $50 - $10k | 0.45% → $10k - $100k
0.20%*$100k*-eSavings
OTHER TIERS: 0.05% → $50 - $10k | 0.10% → $10k - $100k
0.10%*$5k*-Health Savings Account
OTHER TIERS: 0.05% → $50 - $5k

Ion Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%*$250k*-Money Market Accounts
OTHER TIERS: 0.05% → $50 - $10k | 0.45% → $10k - $100k | 0.95% → $100k - $250k

Ion Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$10k*-Preferred Checking
OTHER TIERS: 0.05% → $50 - $1k | 0.10% → $1k - $10k

Ion Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-25 Month CD (Credit-Builder Loan Program)
4.00%$500-15 Month CD
4.00%$500-13 Month CD (Credit-Builder Loan Program)
3.75%$500-3 Month CD
0.70%$500-60 Month CD
0.65%$500-48 Month CD
0.60%$500-12 Month CD
0.60%$500-36 Month CD
0.55%$500-24 Month CD
0.55%$500-30 Month CD
0.50%$500-18 Month CD
0.35%$500-6 Month CD
0.35%$500-9 Month CD

Ion Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-15 Month IRA
3.75%$500-3 Month IRA
0.70%$500-60 Month IRA
0.65%$500-48 Month IRA
0.60%$500-12 Month IRA
0.60%$500-36 Month IRA
0.55%$500-24 Month IRA
0.55%$500-30 Month IRA
0.50%$500-18 Month IRA
0.35%$500-6 Month IRA
0.35%$500-9 Month IRA
Locations

Availability



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