2. Putnam Bank

Putnam Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
3.01%Reward Checking
2.05% - National Average
1.00%Reward Savings
0.92% - National Average
2.00%5-year CD
3.10% - Goldman Sachs Bank USA High-yield 5 Year CDAdvertisement
View all Putnam Bank rates »

Overview / Commentary
www.putnambank.com
860-928-6501
40 Main Street
Putnam, CT 06260

Putnam Bank is headquartered in Putnam and is the 24th largest bank in the state of Connecticut. It is also the 1,397th largest bank in the nation. It was established in 1862 and as of September of 2018, it had grown to 99 employees at 8 locations. Putnam Bank has a B+ health rating.

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Health
B+

Data as of Q3 2018

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Health Grade Components

Overall
FDIC Certificate #18240
Year Established1862
Employees99
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD5.96%
Annual Interest Income$13.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$512.1MM$520.6MM
LoansQ3 2018vs Q3 2017$348.0MM$331.6MM
DepositsQ3 2018vs Q3 2017$372.2MM$367.2MM
Equity CapitalQ3 2018vs Q3 2017$70.4MM$69.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$2.9MM$3.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$4.0MM$4.3MM
Real Estate OwnedQ3 2018vs Q3 2017$1.3MM$1.5MM
Rates
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* 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
1.00%*-$10kSuccess 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

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
3.01%*-$10kSuccess Checking
OTHER TIERS: 0.10% → $10k+
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
2.50%$500-13 Month CD Special
2.25%$5k-25 Month CD Special
2.00%$500-5 Year CD
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$250-13 Month IRA Special
2.25%$5k-25 Month IRA Special
2.00%$250-5 Year IRA
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 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

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