Liberty Bank


Overview / Commentary
860-344-7253
315 Main Street
Middletown, CT 06457

Liberty Bank is headquartered in MIDDLETOWN and is the 2nd largest bank in the state of Connecticut. It is also the 195th largest bank in the nation. It was established in 1825 and as of September of 2024, it had grown to 842 employees at 54 locations. Liberty Bank's money market rates are 8X the national average, and it boasts an A+ health rating.

Reviews (3)

After 60 Years..I Say STAY AWAY From This Bank

Posted by: |

Liberty Bank contacted ME (again they contacted ME) that there might be some fraudulent charges on our debit card. We checked and there were totaling about $160. One was for a raffle for cookware another from a gym membership and another for a VPN account. The next day we went to the bank and cancelled the card and got a replacement. They bank could not do anything with the transactions at the time because they were "Pending" We left the next day for vacation and returned a week later and went to the bank to fill out the fraudulent claim paperwork. Approximately 10 days later we received letters saying they were valid transactions. We then called Liberty and they said they would send us the docs involved in them calling valid transactions. Never got them. Called again and basically told them "why would come to bank the next day, cancel my card, get a new one, then the same day we get back from vacation go to the bank to fill out paperwork. For my health? So Liberty Bank is relying on some fraudulent data they got instead of an life long customer. Unfortunately Liberty is the only bank in my town and if there was one called Joe's Bank or Not safe Bank I would pull my accounts in a minute. All the good this bank fid for me over the past 50 years went away when they believe some fraudulent person and not a life long customer. Stay Away if you want to keep your money safe.

Don't Apply For A Mortgage/HELOC Here!

Posted by: |

I had a disqualifying factor (size of first mortgage) that was discussed on initial call. Proceeded, pulled credit (negative implications), sold my information, spammed me with marketing emails then denied (without sending a notice). Had to call and find out, my rep was "on vacation". Bank with a local loan shark, you will get better treatment.

Hidden Fees And Gotchas

Posted by: |

This bank is just like the big banks. They will look for any excuse to charge you fees. Particularly the famous monthly fee for paper statements.

Hey Liberty Bank, if your intention was to charge me fees for paper statements, I certainly wish you would have let me know when I opened them.

Congratulations Liberty, you are just as sleazy as the Wells Fargos of the banking world. Maybe you should merge with them



Health
A+

Health Grade Components

Overall
FDIC Certificate #17943
Year Established1825
Employees842
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD7.39%
Annual Interest Income$283.8MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$7.9B$7.44B
LoansQ3 2024vs Q3 2023$5.88B$5.48B
DepositsQ3 2024vs Q3 2023$6.42B$5.88B
Equity CapitalQ3 2024vs Q3 2023$1.09B$974.7MM
Loan Loss AllowanceQ3 2024vs Q3 2023$69.3MM$88.1MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$40.9MM$50.9MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$100k*- Relationship High Yield Savings with bump up for PayBackSM or Quarter Back® customers
OTHER TIERS: 0.05% $0 - $15k | 3.00% $15k - $50k | 3.25% $50k - $100k
3.50%*$100k*-Relationship High Yield Savings
OTHER TIERS: 0.05% $0 - $15k | 2.50% $15k - $50k | 2.75% $50k - $100k
0.30%*$5k*-Health Savings Account
OTHER TIERS: 0.10% $0 - $2.5k | 0.20% $2.5k - $5k
0.25%*$25k*-Cinch Business Savings
OTHER TIERS: 0.05% $0 - $10k | 0.10% $10k - $25k
0.15%*$75k*-Savings Overdraft Protection
OTHER TIERS: 0.05% $0 - $25k | 0.10% $25k - $75k
0.15%*$75k*-Business Savings Overdraft
OTHER TIERS: 0.05% $0 - $25k | 0.10% $25k - $75k
0.15%*$50k*-Club Savings
OTHER TIERS: 0.05% $0 - $25k | 0.10% $25k - $50k
0.10%*$25k*-Cinch Savings
OTHER TIERS: 0.05% $0 - $25k

Liberty Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.20%*$1m*-Business Money Market Special
OTHER TIERS: 3.50% $0 - $50k | 3.66% $50k - $250k | 4.00% $250k - $1m
3.50%*$250k*-Money Market Special
OTHER TIERS: 2.50% $0 - $50k | 2.75% $50k - $100k | 3.25% $100k - $250k
0.35%*$0$250kBusiness Max Money Market - New Money
OTHER TIERS: 0.15% $250k+
0.30%*$200k*$500kMoney Maker
OTHER TIERS: 0.05% $0 - $50k | 0.20% $50k - $150k | 0.25% $150k - $200k
0.30%*$50k*-Business Money Maker Account
OTHER TIERS: 0.05% $0 - $25k | 0.10% $25k - $50k

Liberty Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-3 Month CD
4.00%$500-Business 3 Month CD
3.75%$500-6 Month CD
3.75%$5k-Business 6 Month CD
3.75%$500-6 Month HSA CD
3.51%$500-1 Year HSA CD
1.45%$500-5 Year CD
1.35%$500-4 Year CD
1.25%$500-3 Year CD
1.05%$500-2 Year CD
1.00%$500-1 Year CD
1.00%$5k-Business 1 Year CD
0.75%$500-32 Day CD
Locations

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