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Overview / Commentary
803 Main Street
Willimantic, CT 06226

Savings Institute Bank & Trust is headquartered in Willimantic and is the 9th largest bank in the state of Connecticut. It is also the 517th largest bank in the nation. It was established in 1842 and as of December of 2017, it had grown to 270 employees at 24 locations. Savings Institute Bank & Trust has an A health rating.

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Reviews (1)

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.


Health Grade Components

FDIC Certificate #18214
Year Established1842
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD3.51%
Annual Interest Income$53.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$1.57B$1.54B
LoansQ4 2017vs Q4 2016$1.24B$1.22B
DepositsQ4 2017vs Q4 2016$1.22B$1.15B
Equity CapitalQ4 2017vs Q4 2016$160.5MM$155.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$12.3MM$11.8MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$6.2MM$5.0MM
Real Estate OwnedQ4 2017vs Q4 2016$1.2MM$1.5MM
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* 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

0.83%--Variable Rate IRA
0.05%--Statement Savings

Savings Institute Bank & Trust Money Market Rates

0.30%*$100k*-Money Market w/ Choice Alliance
OTHER TIERS: 0.05% Up to $10k | 0.15% $10k - $100k
0.25%*$1m*$10mMoney 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

0.05%$500-Choice Alliance Checking

Savings Institute Bank & Trust CD Rates

2.00%$500$500k35 Month CD Special w/ Active Savings Institute Checking Account
1.75%$500$500k35 Month CD Special w/out Active Savings Institute Checking Account
1.50%$500$500k17 Month CD Special w/ Active Savings Institute Checking Account
1.25%$500$500k17 Month CD Special w/out 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


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