Putnam Bank

Overview / Commentary
40 Main Street
Putnam, CT 06260

Putnam Bank is headquartered in Putnam and is the 20th largest bank in the state of Connecticut. It is also the 1,401st largest bank in the nation. It was established in 1862 and as of December of 2019, it had grown to 95 employees at 8 locations. Putnam Bank has an A health rating.


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Health Grade Components

FDIC Certificate #18240
Year Established1862
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD5.74%
Annual Interest Income$19.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$523.6MM$514.1MM
LoansQ4 2019vs Q4 2018$370.7MM$368.6MM
DepositsQ4 2019vs Q4 2018$388.8MM$373.1MM
Equity CapitalQ4 2019vs Q4 2018$73.1MM$69.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$3.2MM$2.9MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$3.9MM$3.9MM
Real Estate OwnedQ4 2019vs Q4 2018$1.0MM$1.3MM
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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

1.00%-$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

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

3.01%-$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

0.95%$500-5 Year CD
0.80%$1k-91 Day CD
0.80%$500-3 Year CD
0.80%$500-4 Year CD
0.65%$500-2 Year CD
0.55%$1k-18 Month CD
0.50%$500-1 Year CD
0.40%$1k-6 Month CD
0.40%$1k-9 Month CD

Putnam Bank IRA Rates

0.95%$250-5 Year IRA
0.80%$250-3 Year IRA
0.80%$250-4 Year IRA
0.65%$250-2 Year IRA
0.55%$1k-18 Month IRA
0.50%$250-1 Year IRA
0.40%$250-6 Month IRA

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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