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Chelsea Groton Bank


Overview / Commentary
www.chelseagroton.com
860-448-4200
One Franklin Square
Norwich, CT 06360

Chelsea Groton Bank is headquartered in Groton and is the 10th largest bank in the state of Connecticut. It is also the 720th largest bank in the nation. It was established in 1854 and as of December of 2019, it had grown to 209 employees at 14 locations. Chelsea Groton Bank has an A health rating.

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Health
A

Data as of Q4 2019

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Health Grade Components

Overall
FDIC Certificate #18238
Year Established1854
Employees209
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.59%
Return on Equity - YTD10.04%
Annual Interest Income$42.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.14B$1.12B
LoansQ4 2019vs Q4 2018$850.9MM$831.4MM
DepositsQ4 2019vs Q4 2018$884.5MM$891.3MM
Equity CapitalQ4 2019vs Q4 2018$187.7MM$169.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$7.9MM$7.9MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$7.7MM$4.3MM
Real Estate OwnedQ4 2019vs Q4 2018$0$177.00K
Rates
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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

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

Chelsea Groton Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-Business Money Market
OTHER TIERS: 0.05% → $25 - $25k
0.08%*$100k*-Money Market Relationship Account
OTHER TIERS: 0.05% → $25 - $100k
0.05%*$100k*-Money Market Account
OTHER TIERS: 0.03% → $25 - $100k

Chelsea Groton Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Relationship Checking
0.01%$25$1m50 Plus Checking

Chelsea Groton Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-60 Month Relationship CD
0.90%$500-48 Month Relationship CD
0.85%$500-42 Month Relationship Bump Up CD
0.80%$500-60 Month CD
0.80%$500-36 Month Relationship CD
0.75%$500-30 Month Relationship CD
0.70%$500-48 Month CD
0.60%$500-36 Month CD
0.55%$500-24 Month Relationship CD
0.55%$500-30 Month CD
0.40%$500-15 Month Relationship Bump Up CD
0.40%$500-18 Month Relationship CD
0.35%$500-24 Month CD
0.25%$500-12 Month Relationship CD
0.25%$500-18 Month CD
0.15%$500-12 Month CD
0.15%$500-6 Month Relationship CD
0.10%$500-6 Month CD
0.10%$500-3 Month Relationship CD
0.05%$500-3 Month CD

Chelsea Groton Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-60 Month Relationship IRA
0.90%$500-48 Month Relationship IRA
0.85%$500-42 Month Relationship Bump Up IRA
0.80%$500-36 Month Relationship IRA
0.80%$500-60 Month IRA
0.75%$500-30 Month Relationship IRA
0.70%$500-48 Month IRA
0.60%$500-36 Month IRA
0.55%$500-24 Month Relationship IRA
0.55%$500-30 Month IRA
0.40%$500-15 Month Relationship Bump Up IRA
0.40%$500-18 Month Relationship IRA
0.35%$500-24 Month IRA
0.25%$100-12 Month Relationship IRA Flexible
0.25%$500-12 Month Relationship IRA
0.25%$500-18 Month IRA
0.15%$100-12 Month IRA Flexible
0.15%$500-6 Month Relationship IRA
0.15%$500-12 Month IRA
0.10%$500-3 Month Relationship IRA
0.10%$500-6 Month IRA
0.05%$500-3 Month IRA
Locations

Availability



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