Chelsea Groton Bank

Overview / Commentary
904 Poquonnock Rd.
Groton, CT 06340

Chelsea Groton Bank is headquartered in GROTON and is the 10th largest bank in the state of Connecticut. It is also the 688th largest bank in the nation. It was established in 1854 and as of March of 2024, it had grown to 209 employees at 14 locations. Chelsea Groton Bank has an A health rating.


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Health Grade Components

FDIC Certificate #18238
Year Established1854
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.76%
Return on Equity - YTD13.21%
Annual Interest Income$15.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.63B$1.56B
LoansQ1 2024vs Q1 2023$1.13B$1.01B
DepositsQ1 2024vs Q1 2023$1.23B$1.3B
Equity CapitalQ1 2024vs Q1 2023$219.7MM$198.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$10.3MM$9.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.8MM$6MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chelsea Groton Bank Savings Account Rates

0.10%*$25k*-IRA Statement
OTHER TIERS: 0.05% $25 - $25k
0.08%$25-Municipal Investment Sweep
0.08%$0-Business Investment Sweep Account
0.05%$0-Vacation Club
0.05%$0$1mHoliday Club
0.05%*$100k*-Passbook Relationship Savings
OTHER TIERS: 0.03% $25 - $100k
0.05%*$100k*-Statement Relationship Savings
OTHER TIERS: 0.03% $25 - $100k
0.05%$0-Business Savings
0.03%*$100k*-Statement Savings
OTHER TIERS: 0.01% $25 - $100k
0.03%*$100k*-Passbook Savings
OTHER TIERS: 0.01% $25 - $100k
0.03%*$100k*-Chelsea U Savings
OTHER TIERS: 0.01% $25 - $100k

Chelsea Groton Bank Money Market Rates

0.08%*$25k*-Business Money Market
OTHER TIERS: 0.05% $0 - $25k
0.05%*$100k*-Money Market Relationship Account
OTHER TIERS: 0.03% $25 - $100k
0.03%*$100k*-Money Market Account
OTHER TIERS: 0.01% $25 - $100k

Chelsea Groton Bank Checking Account Rates

0.01%$0-Relationship Checking

Chelsea Groton Bank CD Rates

0.55%$500-60 Month Relationship CD
0.50%$500-60 Month CD
0.50%$500-48 Month Relationship CD
0.45%$500-48 Month CD
0.45%$500-42 Month Relationship Bump Up CD
0.35%$500-36 Month Relationship CD
0.30%$500-36 Month CD
0.30%$500-30 Month Relationship CD
0.25%$500-24 Month Relationship CD
0.25%$500-15 Month Relationship Bump Up CD
0.25%$500-18 Month Relationship CD
0.25%$500-30 Month CD
0.20%$500-24 Month CD
0.15%$500-12 Month Relationship CD
0.15%$500-18 Month CD
0.10%$500-12 Month CD
0.10%$500-3 Month Relationship CD
0.10%$500-6 Month Relationship CD
0.05%$500-3 Month CD
0.05%$500-6 Month CD

Chelsea Groton Bank IRA Rates

0.55%$500-60 Month Relationship IRA
0.50%$500-48 Month Relationship IRA
0.50%$500-60 Month IRA
0.45%$500-42 Month Relationship Bump Up IRA
0.45%$500-48 Month IRA
0.35%$500-36 Month Relationship IRA
0.30%$500-30 Month Relationship IRA
0.30%$500-36 Month IRA
0.25%$100-12 Month Relationship Flexible IRA
0.25%$500-15 Month Relationship Bump Up IRA
0.25%$500-18 Month Relationship IRA
0.25%$500-24 Month Relationship IRA
0.25%$500-30 Month IRA
0.20%$500-24 Month IRA
0.15%$100-12 Month Flexible IRA
0.15%$500-12 Month Relationship IRA
0.15%$500-18 Month IRA
0.10%$500-3 Month Relationship IRA
0.10%$500-6 Month Relationship IRA
0.10%$500-12 Month IRA
0.05%$500-3 Month IRA
0.05%$500-6 Month IRA


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