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Overview / Commentary
315 Main Street
Middletown, CT 06457

Liberty Bank is headquartered in Middletown and is the 4th largest bank in the state of Connecticut. It is also the 215th largest bank in the nation. It was established in 1825 and as of September of 2017, it had grown to 688 employees at 55 locations. Liberty Bank has an A health rating.

Related Posts

Liberty Bank (CT) Boosts 18-Month Promo CD - 11/17/2017

Liberty Bank (CT) has raised the rate on its 18-month Promo CD (2.00% APY). Min deposit is $500 of new money and must be opened in-branch. Limit of one per customer.

Liberty Bank (CT) Max Money Market APY Guaranteed Thru December 2018 - 10/2/2017

Liberty Bank's (CT) Max Money Market Promo earns 1.50% APY on balances up to $100k through December 31, 2018. Minimum opening deposit is $500 of new money.

Liberty Bank (CT) Adds In-Branch 18-Month Promo CD - 6/8/2017

Liberty Bank (CT) has added an 18-month Promo CD (1.70% APY). Minimum deposit is $500 new money, with a balance cap of $250k per customer.

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Reviews (8)

Great bank!

Liberty Bank is a great bank. The best thing about them is that they don't charge ATM fees and also they reimburse the ATM fees of other banks. There is also no monthly fee if you go paperless. They send instructions if you have transactions with a company who has been breached and have sometimes automatically sent new debit cards in these circumstances. Their in bank customer service is most excellent. They have convenient branches and the ATMs feel like they are in safe locations. I have used them exclusively for over ten years and I have no intention of switching of changing. I don't have credit cards or loans so I can't speak to those products personally. I have never heard anything bad about them from anybody else. They did once have an employee steal but they were very open about that.

Best Small "Big" Bank Ever!

I have been a customer at Liberty Bank since I started working in my 20's. That relationship spans a time period of over 30 years. I have expanded my transactions at this bank to include checking, CD's, home equity loans, personal loans, and have included my expanded family with this institution. The services that they offer are extremely competitive with the larger banks and credit unions in the area. Their services are also all inclusive and I have never had to go outside their institution to find a service that I have needed. The tellers and loan officers are more like family than business associates. They are aware of my growing family and even provided my daughter with her first college debit/credit card with no hassle. One teller also caught an error that had a deceased relative still as an active co-signer on an account and provided the necessary information that I needed to correct the situation. They recognize me by name, ask about my family, and offer great suggestions to whatever questions or problems that I have encountered. I continually receive offers from other banks thru the mail but I just rip up the mail and continue having confidence and trust in the Liberty Bank institution. Opps, forgot, they have branches throughout the area in which I live, so add convenience to all the other complements.

Trusted Friend

This was my first ever bank when I started working in the dinosaur age. I have never left this bank for another. I have my savings, checking, and home equity (for tuition of children) accounts housed here. The tellers and administrators are all on a first name basis with me and really care about my financial well being. I would like to say that they are willing to help with problems but there are no problems that have occurred. Interest rates on savings are competitive, check fees are non-existent, new products are introduced and explained if tellers think these products would work for my household.
Recently a teller discovered that my deceased mother's name (that happens to be the same as one of my children's name) was popping up when said child was opening an account. Promptly, we resolved the problem and I was grateful that the teller caught the error. This is a local bank with branches throughout the state but they are my bank and deserve my thanks for having full trust in this institution.


Posted by: TJBubar | Jul 15, 2014

Actually a really good bank no deposit minimum for a basic checking account and if you over draft only get hit with one fee of 30 and no succesive fees. Also gave me 100 bonus after 6 months.

Good local bank

Posted by: MookeyLou | Jan 24, 2015

Liberty Bank is a great local establishment. There are lots of branches nearby. The most excellent feature for me is that I am able to link my checking and savings accounts to avoid over draft fees. When I started online banking, the customer service was great in helping me understand the features on the website. An agent answers right away to help with any problems. The bank does offer a lot of options, and the best thing is that they refund any ATM fees from any bank. The fees are refunded every month, so even though it is a local bank, I am not penalized when accessing my money from a different banks ATM. This a good choice of banks because the staff is knowledgeable and it is one of the top workplaces in the area rated by the local newspaper.hat they refund any ATM fees from any bank.

Godawful. Go Literally Anywhere Else.

The worst bank I've ever had the misfortune of doing business with. They cards don't work in the ATM half the time, even in their own ATM, so I can't access my money. They don't support Apple of Android Pay even though they've been promising it for like 3 years. Their support staff is rude and unhelpful, they get offended when I say I have a problem and hang up on me instead of helping. Never dealt with a worse bank ever.

Terrible Bank

First, as has always been a problem with liberty, is their god awful hours. The two banks in town close around 4-5 every weekday. So good luck getting there if you have a job with the hours that a normal citizen of Connecticut works. The only time I can get there is Saturday morning from 9-12. That's just what I love to do on Saturday morning, wake up early to make sure I can get to the bank. Secondly, and my main concern right now, is their atrocious online banking and mobile application. Concerning this, these two functions were introduced to liberty far to late (well after many banks began trending towards online banking and mobile apps). Also, my application suddenly stopped working for no reason. Every time I log on to my account it says there are no bank accounts linked with it, so its useless. On top of this I am unable to log on to the banks website because its saying my password and username don't match, even though they are the same username and password I use to log onto my mobile app. Right now, I am trying to get an online bank statement to send to another bank to be approved for a potential loan. But due to liberty's in ability to function the way an efficient bank does I am not able to do this. Thanks for the ineptitude.

Watch Your Wallet

Posted by: BHLinCT | Oct 14, 2014

I have been a long-time customer; but, recently this group has become incredibly greedy. They will do anything legally possible to hold onto deposited funds without releasing them for as long as they possibly can. Making a few extra dollars on float is apparently more important to them than satisfying the needs of 20+ year customers. Unless you're a fat cat, they have absolutely no desire to be the least bit helpful. Too bad they've traded in the integrity and quality customer service they once prided themselves on.


Health Grade Components

FDIC Certificate #17943
Year Established1825
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD6.35%
Annual Interest Income$119.4MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$4.79B$4.47B
LoansQ3 2017vs Q3 2016$3.63B$3.35B
DepositsQ3 2017vs Q3 2016$3.50B$3.48B
Equity CapitalQ3 2017vs Q3 2016$692.0MM$636.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$34.4MM$34.1MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$17.0MM$20.9MM
Real Estate OwnedQ3 2017vs Q3 2016$231.00K$298.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Liberty Bank Savings Account Rates

0.20%*$25k*-Cinch Business Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k
0.20%*$50k*-Savings Overdraft Protection
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k
0.20%*$50k*-Business Savings Overdraft
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k
0.20%*$25k*-Cinch Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k
0.20%*$50k*-Club Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k

Liberty Bank Money Market Rates

0.35%*$50k*-Money Maker
OTHER TIERS: 0.10% Up to $25k | 0.25% $25k - $50k
0.35%*$50k*-Business Money Maker Account
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $50k
0.35%*$500k*-Municipal Money Market Preferred
OTHER TIERS: 0.10% $25k - $100k | 0.20% $100k - $500k

Liberty Bank Checking Account Rates

0.01%--Interest Checking

Liberty Bank CD Rates

1.25%$500-4 Year CD
1.25%$500-3 Year CD
1.25%$500-5 Year CD
1.25%$500-30 Month CD
0.90%$500-2 Year CD
0.75%$500-1 Year CD
0.75%$5k-1 Year Business CD
0.65%$500-6 Month CD
0.65%$5k-6 Month Business CD
0.35%$500-3 Month CD
0.35%$500-3 Month Business CD
0.10%$500-32 Day CD

Liberty Bank IRA Rates

1.25%$500-4 Year IRA
1.25%$500-3 Year IRA
1.25%$500-5 Year IRA
0.90%$500-2 Year IRA
0.75%$500-1 Year IRA
0.65%$500-6 Month IRA
0.35%$500-3 Month IRA
0.10%$500-32 Day IRA