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Overview / Commentary
860-496-2152
129 Main Street
Torrington, CT 06790

Torrington Savings Bank is headquartered in Torrington and is the 18th largest bank in the state of Connecticut. It is also the 915th largest bank in the nation. It was established in 1868 and as of June of 2017, it had grown to 101 employees at 9 locations. Torrington Savings Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #16636
Year Established1868
Employees101
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD2.74%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$832.1MM$824.3MM
LoansQ2 2017vs Q2 2016$461.0MM$423.9MM
DepositsQ2 2017vs Q2 2016$670.9MM$670.1MM
Equity CapitalQ2 2017vs Q2 2016$157.5MM$151.1MM
Loan Loss AllowanceQ2 2017vs Q2 2016$3.8MM$3.4MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$3.1MM$2.6MM
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Torrington Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*-$1kFirst Time Savers Club
OTHER TIERS: 0.15% $1k+
0.15%*$1k*-Traditional Plus IRA Savings (Passbook Account)
OTHER TIERS: 0.10% Up to $1k
0.15%*$1k*-Value Plus IRA Savings (Statement Account)
OTHER TIERS: 0.10% Up to $1k
0.10%--Hometown Savings
0.10%--Christmas Club Account
0.10%--Build Your Own Club Account

Torrington Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$1k*-Hometown Money Market
OTHER TIERS: 0.10% Up to $1k
0.15%$1k-Better Business Money Market
0.15%*$1k*-Hometown Money Market IRA
OTHER TIERS: 0.10% Up to $1k
0.05%$2,500-Advantage PLUS Money Market Checking

Torrington Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$250-Advantage NOW Checking
0.05%--Advantage 50 Checking
0.05%--Better Business Checking
0.05%--Multi-Account Checking

Torrington Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%$1k-5 Year CD
1.60%$1k-4 Year CD
1.55%$1k-2 Year CD
1.55%$1k-30 Month CD
1.55%$1k-3 Year CD
1.10%$1k-18 Month CD
1.10%$1k-21 Month Advantage CD
0.75%$1k-15 Month CD
0.70%$1k-1 Year CD
0.70%$1k-13 Month CD
0.50%$1k-9 Month CD
0.30%$1k-6 Month CD
0.20%$1k-3 Month CD

Torrington Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%$1k-5 Year IRA
1.60%$1k-4 Year IRA
1.55%$100-30 Month Variable IRA
1.55%$1k-2 Year IRA
1.55%$1k-30 Month IRA
1.55%$1k-3 Year IRA
1.10%$1k-18 Month IRA
1.10%$1k-21 Month Advantage IRA
0.75%$1k-15 Month IRA
0.70%$1k-1 Year IRA
0.70%$1k-13 Month IRA
0.50%$1k-9 Month IRA
0.30%$1k-6 Month IRA
0.20%$1k-3 Month IRA
Locations


Torrington Savings Bank Locations
The Torrington Savings Bank129 Main StreetTorrington, CT 06790
Dibble Street Branch235 Dibble StreetTorrington, CT 06790
Burlington Branch258 Spielman HighwayBurlington, CT 06013
New Hartford Branch518 Main StreetNew Hartford, CT 06057
Goshen Branch55 Sharon TurnpikeGoshen, CT 06756
North End Branch635 Main StreetTorrington, CT 06790
Falls Village BranchRoutes 7 and 126Falls Village, CT 06031