Savings Institute Bank & Trust
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.05% | Checking | Choice Alliance Checking 0.90% - nbkc bank Personal Account |
| 1.15% | 5-year CD | 5 Year CD 3.00% - Barclays 60 Month Online CD |
| 0.25% | 1-year CD | 1 Year CD 2.40% - Ally Bank High Yield 12-Month CD |
Savings Institute Bank & Trust is headquartered in Willimantic and is the 8th largest bank in the state of Connecticut. It is also the 513th largest bank in the nation. It was established in 1842 and as of March of 2018, it had grown to 280 employees at 24 locations. Savings Institute Bank & Trust has an A health rating.
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Savings Institute Bank: A Great Start
This was the first bank I ever used due to the fact that it was only a block down from where I live. I remember going with my dad to set up the account, but everyone was quite helpful. I just got a basic savings account for a kid with a summer job so I can't go into too much detail about their plans and whatnot. My account had the average interest for a savings account, something like 1% a month. I think there are some locations around CT and in Rhode Island, but according to the website, they aren't a national chain. They also had a coin changer there that was very useful and open to anybody who has an account with them. It's much better than Coinstar or something for large amounts because they don't charge you any fee to use the machine. I don't think they had online banking at the time, but I didn't have a smartphone anyway when I opened the account.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18214 |
| Year Established | 1842 |
| Employees | 280 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 5.31% |
| Annual Interest Income | $13.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $1.59B$1.58B |
| Loans | Q1 2018vs Q1 2017 | $1.26B$1.24B |
| Deposits | Q1 2018vs Q1 2017 | $1.23B$1.19B |
| Equity Capital | Q1 2018vs Q1 2017 | $161.8MM$157.5MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $13.0MM$12.0MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $7.7MM$4.6MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $1.1MM$1.3MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
2.70% APY 27-Month CD Special (w/Checking) In CT & RI
2.70% APY With Active Savings Institute Checking Account
2.45% APY Without Active Savings Institute Checking Account
They also have a 2.00% / 1.75% APY 14-Month CD.
$500.00 Minimum Deposit to Open Account
Maximum deposit for 14 and 27 Month CD is $1,000,000.
Rates Effective 5/1/2018
https://www.savingsinstitute.bank/resources/resources/rates#cds
Always verify rates and promotions with the bank or credit union. We are not Savings Institute Bank & Trust; 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.
Savings Institute Bank & Trust Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.90% | - | - | Variable Rate IRA | |
| 0.05% | - | - | Statement Savings |
Savings Institute Bank & Trust Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $1m* | $10m | Money Market Special | ||
| OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k+ | 0.15% → $25k - $50k | 0.20% → $50k - $1mm | |||||
Savings Institute Bank & Trust Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $500 | - | Choice Alliance Checking |
Savings Institute Bank & Trust CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.75% | $500 | - | 22 Month CD Special w/ Active Savings Institute Checking Account | |
| 2.50% | $500 | - | 22 Month CD Special w/o Active Savings Institute Checking Account | |
| 2.50% | $500 | - | 16 Month CD Special w/ Active Savings Institute Checking Account | |
| 2.25% | $500 | - | 16 Month CD Special w/o Active Savings Institute Checking Account | |
| 1.21% | $500 | - | 6 Year CD | |
| 1.15% | $500 | - | 5 Year CD | |
| 1.10% | $500 | - | 4 Year CD | |
| 0.75% | $500 | - | 3 Year CD | |
| 0.45% | $500 | - | 2 Year CD | |
| 0.30% | $500 | - | 18 Month CD | |
| 0.25% | $500 | - | 1 Year CD | |
| 0.20% | $500 | - | 6 Month CD | |
| 0.15% | $500 | - | 3 Month CD |
