Putnam Bank

Overview / Commentary

www.putnambank.com

860-928-6501

40 Main Street
Putnam, CT 06260

Putnam Bank is headquartered in Putnam and is the 20^th largest bank in the state of Connecticut. It is also the 1,368^th largest bank in the nation. It was established in 1862 and as of June of 2019, it had grown to 99 employees at 8 locations. Putnam Bank has an A health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	18240
Year Established	1862
Employees	99
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.7%
Return on Equity - YTD	5.2%
Annual Interest Income	$9.5MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$532.2MM$518.2MM
Loans	Q2 2019vs Q2 2018	$378.0MM$352.3MM
Deposits	Q2 2019vs Q2 2018	$391.7MM$378.5MM
Equity Capital	Q2 2019vs Q2 2018	$70.6MM$69.1MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$3.1MM$2.9MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$4.3MM$4.5MM
Real Estate Owned	Q2 2019vs Q2 2018	$1.3MM$1.4MM

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$10k	Success Saver
OTHER TIERS: 0.25% → $10k+
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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME
3.01%^*	-	$10k	Success Checking
OTHER TIERS: 0.10% → $10k+
0.40%^*	$10k^*	$50k	Premier 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

APY	MIN	MAX	ACCOUNT NAME
2.00%	$500	-	5 Year CD
1.75%	$5k	-	25 Month CD Special
1.50%	$500	-	13 Month CD Special
1.40%	$500	-	4 Year CD
1.00%	$500	-	3 Year CD
0.75%	$500	-	2 Year CD
0.35%	$1k	-	18 Month CD
0.25%	$500	-	1 Year CD
0.20%	$1k	-	6 Month CD
0.15%	$1k	-	91 Day CD

Putnam Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$250	-	5 Year IRA
1.75%	$5k	-	25 Month IRA Special
1.50%	$250	-	13 Month IRA Special
1.40%	$250	-	4 Year IRA
1.00%	$250	-	3 Year IRA
0.75%	$250	-	2 Year IRA
0.35%	$1k	-	18 Month IRA
0.25%	$250	-	1 Year IRA
0.20%	$250	-	6 Month IRA

Locations

Putnam Bank Locations
Pomfret Branch	100 Averill Road	Pomfret Center, CT 06259
Plainfield Branch	11 Pratt Road	Plainfield, CT 06374
Danielson Branch	125 Wauregan Road, Route 12	Danielson, CT 06239
Branch 22	2 Chapman Lane	Gales Ferry, CT 06335
Price Chopper Branch	251 Kennedy Drive	Putnam, CT 06260
Norwich Branch	40 High Street	Norwich, CT 06360
Putnam Bank	40 Main Street	Putnam, CT 06260
Griswold Branch	461 Voluntown Road, Route 138	Griswold, CT 06351

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.