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Northwest Community Bank

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CURRENT TOP RATE

Student Savings Club Account

Overview / Commentary

www.nwcommunitybank.com

860-379-7561

86 Main Street
Winsted, CT 06098

Northwest Community Bank is headquartered in Winsted and is the 25^th largest bank in the state of Connecticut. It is also the 1,836^th largest bank in the nation. It was established in 1875 and as of September of 2020, it had grown to 69 employees at 6 locations. Northwest Community Bank has an A+ health rating.

Related Posts

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2018
2014

9/21 - 17-Month CD Special, 3.00% APY

2/14 - Competitive CD Specials at Northwest Community Bank in Connecticut

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Health

A+

Data as of Q3 2020

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Health Grade Components

Overall
FDIC Certificate #	18229
Year Established	1875
Employees	69
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.28%
Return on Equity - YTD	2.34%
Annual Interest Income	$10.6MM

Assets and Liabilities
Assets	Q3 2020vs Q3 2019	$427.8MM$416.2MM
Loans	Q3 2020vs Q3 2019	$320.4MM$303.1MM
Deposits	Q3 2020vs Q3 2019	$358.1MM$333.1MM
Equity Capital	Q3 2020vs Q3 2019	$52.6MM$49.7MM
Loan Loss Allowance	Q3 2020vs Q3 2019	$3.7MM$3.0MM
Unbacked Noncurrent Loans	Q3 2020vs Q3 2019	$1.5MM$1.5MM
Real Estate Owned	Q3 2020vs Q3 2019	$0$0

Rates

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Money Market
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northwest Community Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.53%^*	-	$1k	Student Savings Club Account
OTHER TIERS: 0.05% → $1k+
0.15%	-	-	Tenant/Agent Passbook Savings
0.05%	-	-	Regular Savings
0.05%	$5	-	Holiday Club
0.05%	$5	-	Vacation Club
0.05%	-	-	Health Savings Account (HSA)
0.05%	-	-	Passbook Savings
0.05%	-	-	Statement Savings Account
0.05%	-	-	UTMA Statement Savings
0.05%	-	-	UTMA Passbook Savings
0.05%	-	-	Student Savings

Northwest Community Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$750k^*	-	Platinum MMDA
OTHER TIERS: 0.10% → Up to $100k \| 0.15% → $100k - $300k \| 0.20% → $300k - $750k
0.15%^*	$100k^*	-	Premium MMDA
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $100k
0.05%	-	-	Money Market Account

Northwest Community Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.09%	-	-	IOLTA
0.05%	-	-	Business Checking Now
0.05%	-	-	Total Plus Checking
0.05%	-	-	IORETA
0.02%	-	-	Total 50 Checking

Northwest Community Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%	$1k	-	60 Month CD Special
0.60%	$1k	-	60 Month Time CD
0.50%	$1k	-	48-59 Month Time CD
0.35%	$1k	-	36-47 Month Time CD
0.35%	$1k	-	30 Month CD Special
0.35%	$1k	-	1 Year CD Special
0.30%	$1k	-	24-35 Month Time CD
0.30%	$1k	-	24 Month CD Special
0.25%	$1k	-	12-23 Month Time CD
0.25%	$2.5k	-	11 Month CD Special
0.20%	$2.5k	-	182-364 Day Time CD
0.20%	$10k	-	9 Month CD Special
0.15%	$2.5k	-	150-181 Day Time CD
0.15%	$2.5k	-	30-59 Day Time CD
0.15%	$2.5k	-	60-90 Day Time CD
0.15%	$2.5k	-	91-149 Day Time CD

Northwest Community Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%	$1k	-	60 Month IRA
0.60%	$1k	-	60 Month IRA Special
0.50%	$1k	-	48-59 Month IRA
0.35%	$1k	-	36-47 Month IRA
0.35%	$1k	-	30 Month IRA Special
0.35%	$1k	-	1 Year IRA Special
0.30%	$1k	-	24-35 Month IRA
0.30%	$1k	-	24 Month IRA Special
0.25%	$1k	-	12-23 Month IRA
0.25%	$2.5k	-	11 Month IRA Special
0.20%	$2.5k	-	182-364 Day IRA
0.20%	$10k	-	9 Month IRA Special
0.15%	$2.5k	-	150-181 Day IRA
0.15%	$2.5k	-	30-59 Day IRA
0.15%	$2.5k	-	60-90 Day IRA
0.15%	$2.5k	-	91-149 Day IRA

Locations

Northwest Community Bank Locations
Regional #7 Branch	100 Battistoni Road	Winsted, CT 06098
Avon Branch	101 Simsbury Road	Avon, CT 06001
New Hartford Branch	141b Main Street	New Hartford, CT 06057
Torrington Branch	416 Winsted Road	Torrington, CT 06790
Granby Branch	33 Hartford Avenue	Granby, CT 06035
Northwest Community Bank	86 Main Street	Winsted, CT 06098

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