Putnam Bank

Deposits held and insured by Centreville Bank

Overview / Commentary
860-928-6501
40 Main Street
Putnam, CT 06260
Deposits held and insured by Centreville Bank
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Health
B

Data as of Q1 2020

Data displayed below is for insuring bank: Centreville Bank
Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Putnam Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #17764
Year Established1888
Employees140
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-6.73%
Return on Equity - YTD-30.22%
Annual Interest Income$11.4MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$1.33B$1.24B
LoansQ1 2020vs Q1 2019$847.2MM$704.1MM
DepositsQ1 2020vs Q1 2019$910.5MM$917.0MM
Equity CapitalQ1 2020vs Q1 2019$288.1MM$289.1MM
Loan Loss AllowanceQ1 2020vs Q1 2019$8.2MM$5.8MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$9.6MM$5.0MM
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Putnam 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.

Putnam Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%-$10kSuccess Saver
0.05%$50-Passbook Savings
0.05%$50-Statement Savings
0.05%--Vacation Club
0.05%--Christmas Club
0.05%$50-IRA Statement Savings

Putnam Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Prestige Money Market
OTHER TIERS: 0.05% $1k - $15k | 0.10% $15k - $25k | 0.15% $25k - $50k

Putnam Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%-$10kSuccess Checking
0.40%*$10k*$50kPremier Relationship Account
OTHER TIERS: 0.20% $50k+
0.15%*$100k*-501 Smart Choice Checking
OTHER TIERS: 0.03% $10k - $25k | 0.07% $25k - $50k | 0.12% $50k - $100k

Putnam Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$500-5 Year CD
0.70%$500-4 Year CD
0.65%$500-3 Year CD
0.60%$1k-91 Day CD
0.55%$500-2 Year CD
0.50%$1k-18 Month CD
0.45%$500-1 Year CD
0.35%$1k-6 Month CD
0.35%$1k-9 Month CD

Putnam Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$250-5 Year IRA
0.70%$250-4 Year IRA
0.65%$250-3 Year IRA
0.55%$1k-18 Month IRA
0.50%$250-2 Year IRA
0.45%$250-1 Year IRA
0.35%$250-6 Month IRA
Locations


Putnam Bank Locations
Pomfret Branch100 Averill RoadPomfret Center, CT 06259
Plainfield Branch11 Pratt RoadPlainfield, CT 06374
Danielson Branch125 Wauregan Road, Route 12Danielson, CT 06239
Branch 222 Chapman LaneGales Ferry, CT 06335
Price Chopper Branch251 Kennedy DrivePutnam, CT 06260
Norwich Branch40 High StreetNorwich, CT 06360
Putnam Bank40 Main StreetPutnam, CT 06260
Griswold Branch461 Voluntown Road, Route 138Griswold, CT 06351
Warwick Branch578 Greenwich AveWarwick, RI 02886

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