Featured Savings Rates
Featured Accounts

Savings Institute Bank & Trust

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.05%CheckingChoice Alliance Checking
1.15%5-year CD5 Year CD
0.25%1-year CD1 Year CD

Overview / Commentary
860-449-6702
803 Main Street
Willimantic, CT 06226

Savings Institute Bank & Trust is headquartered in Willimantic and is the 8th largest bank in the state of Connecticut. It is also the 501st largest bank in the nation. It was established in 1842 and as of March of 2017, it had grown to 277 employees at 25 locations. Savings Institute Bank & Trust has an A health rating.

Related Posts

14 Month CD Special In CT & RI - 4/14/2017

Savings Institute Bank & Trust CD Special 1.40% APY 14 month CD with Choice Alliance or Cash Back Checking 1.15% APY 14 month CD without these checking accounts $500 minimum deposit, $1,000,000 maximum deposit https://www.savingsinstitute.com/personal/banking/savings/certificates-of-deposit

16 And 33 Months Cds 1.5 And 2 % - 1/26/2017

Limited time CDs with checking 16 months 1.5% and 33 months 2%. Without checking, !.25 and 1.75.

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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

Health Grade Components

Overall
FDIC Certificate #18214
Year Established1842
Employees277
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD4.68%
Annual Interest Income$13.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.58B$1.50B
LoansQ1 2017vs Q1 2016$1.24B$1.16B
DepositsQ1 2017vs Q1 2016$1.19B$1.10B
Equity CapitalQ1 2017vs Q1 2016$157.5MM$151.9MM
Loan Loss AllowanceQ1 2017vs Q1 2016$12.0MM$10.1MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$4.6MM$5.3MM
Real Estate OwnedQ1 2017vs Q1 2016$1.3MM$1.0MM
  User-submitted Promotions & Notices

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.

14 Month CD Special In CT & RI

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Savings Institute Bank & Trust CD Special

1.40% APY 14 month CD with Choice Alliance or Cash Back Checking
1.15% APY 14 month CD without these checking accounts

$500 minimum deposit, $1,000,000 maximum deposit

https://www.savingsinstitute.com/personal/banking/savings/certificates-of-deposit

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.18%--Variable Rate IRA
0.05%--Statement Savings

Savings Institute Bank & Trust Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Choice Alliance Checking

Savings Institute Bank & Trust CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.21%$500-6 Year CD
1.15%$500-5 Year CD
1.15%$500-13 Month Special with Choice Alliance or Cash Back Checking
1.10%$500-4 Year CD
0.90%$500-13 Month Special without Choice Alliance or Cash Back Checking
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
Locations

Savings Institute Bank & Trust has 25 locations. Click to view all Savings Institute Bank & Trust locations.