Passumpsic Bank (VT/NH) Adds 13-Month CD Special, 2.90% APY

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Availability: 13-month CD Special, 2.90% APY, $10k min/$100k max deposit.

Availability: Market area includes Vermont’s Northeast Kingdom, Central Vermont, and New Hampshire’s North Country.

For a limited time, Passumpsic Bank is offering a 13-month CD Special that earns 2.90% APY. The opening deposit requires a minimum of $10k and is capped at $100k.

The 13-month CD Special is also offered as an IRA (Traditional, Roth, SEP), earning the same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for the 13-month CD Special is 180 days of interest.

Availability

Headquartered in St. Johnsbury, Vermont, Passumpsic Bank’s market area includes Caledonia, Essex, and Orleans Counties (VT) and Coos and Grafton Counties (NH).

Opening a CD Special must be done at any of seven Vermont branches located in Berlin, Danville, Island Pond, Lyndonville, Newport, and St. Johnsbury (2), or any of four New Hampshire branches located in Lancaster, Littleton, Northumberland, and Whitefield.

Passumpsic Bank’s online banking platform is currently limited to account management and bill payment services.

Bank Overview

Passumpsic Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.11% (excellent), based on September 30, 2018 data. In the past year, the Bank has increased its total non-brokered deposits by $5.17 million, an above average annual growth rate of 1.14%. Please refer to our financial overview of Passumpsic Bank (FDIC Certificate # 14134) for more details.

I know what you were wondering: passumpsic is a Native American word meaning “clear running water.” The Passumpsic River is a tributary of the Connecticut River, which runs through St. Johnsbury, Vermont.

Currently Vermont’s fourth largest bank, Passumpsic Bank was founded in 1853 as the Passumpsic Savings Bank. In one of those small town coincidences, Passumpsic Savings Bank shared a building for six years with the original Passumpsic Bank, which was a separate commercial bank. The Bank rebranded just months ago.

Effective in the fall of 2018, we have adopted that old name, but make no mistake: We are the new Passumpsic Bank! We weren’t bought out and didn’t fall prey to a corporate takeover. Going back to that classic name better reflects who we are and what we provide to our customers. Yes, we are still a savings bank.

How the CD Special Compares

When compared to 262 similar length-of-term CDs tracked by DepositAccounts.com that are available within the Bank’s market area and require a minimum deposit of $10k or less, Passumpsic Bank’s 13-month CD Special APY currently ranks first.

The above rates are accurate as of 2/19/2019.

To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.

Related Pages: Portland CD rates, Burlington CD rates, 1-year CD rates

Comments
abc1
abc1   |     |   Comment #1
This CD Special has ended and is no longer valid. Is there anyway to remove this special from the site?
def1
def1   |     |   Comment #2
Although the offer may have expired, these posts are kept and serve as info on the institution's history of offers.
2.55% Reward Checking Account at a VT/NH Bank (Passumpsic Savings)
Update 4/18/09: The top yield has fallen to 2.55% APY. See the bottom of the post for the rate history.

Passumpsic Savings Bank is offering a reward checking account that pays 2.55% APY on balances up to $25,000 (0.40% for above) and refunds ATM fees (up to $5 per transaction) if the following monthly requirements are met:
  • 10 debit card purchases
  • one direct deposit or ACH debit
  • access online banking
  • receive electronic statements
If these requirements are not met, the rate falls to 0.10%. The minimum initial deposit is $25. There are no minimum balance requirements...


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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.