Torrington Savings Bank

Overview / Commentary
129 Main Street
Torrington, CT 06790

Torrington Savings Bank is headquartered in TORRINGTON and is the 17th largest bank in the state of Connecticut. It is also the 1,082nd largest bank in the nation. It was established in 1868 and as of March of 2024, it had grown to 127 employees at 10 locations. Torrington Savings Bank's money market rates are 5X the national average, and it boasts an A+ health rating.


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Health Grade Components

FDIC Certificate #16636
Year Established1868
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.02%
Return on Equity - YTD-0.1%
Annual Interest Income$9.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$932.6MM$912.2MM
LoansQ1 2024vs Q1 2023$663.1MM$601.3MM
DepositsQ1 2024vs Q1 2023$750.6MM$735.3MM
Equity CapitalQ1 2024vs Q1 2023$174.5MM$170MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5.6MM$5.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.5MM$1.7MM
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.

Torrington Savings Bank Savings Account Rates

5.12%*$0$1kFirst Time Savers Club
OTHER TIERS: 0.10% $1k+
1.00%*$50k*-Journey Savings
OTHER TIERS: 0.50% $0 - $10k | 0.60% $10k - $25k | 0.75% $25k - $50k
0.50%$5-Hometown Savings
0.50%$5-Business savings
0.15%*$25k*-Premier Health Savings
OTHER TIERS: 0.05% $0 - $5k | 0.10% $5k - $25k
0.05%$0-Build Your Own Club Account

Torrington Savings Bank Money Market Rates

2.05%*$100k*-Signature Money Market
OTHER TIERS: 0.50% $0 - $10k | 0.75% $10k - $50k | 1.05% $50k - $100k
2.05%*$100k*-IRA Signature Money Market
OTHER TIERS: 0.50% $0 - $10k | 0.75% $10k - $50k | 1.05% $50k - $100k
0.60%*$25k*-Business Money Market
OTHER TIERS: 0.15% $0 - $2.5k | 0.20% $2.5k - $25k
0.15%*$100k*-Hometown Money Market
OTHER TIERS: 0.05% $0 - $1k | 0.10% $1k - $50k | 0.12% $50k - $100k
0.15%*$100k*-IRA Money Market
OTHER TIERS: 0.05% $0 - $1k | 0.10% $1k - $50k | 0.12% $50k - $100k

Torrington Savings Bank Checking Account Rates

1.00%$5-IOLTA Checking
0.05%$250-Advantage NOW Checking
0.05%$5-Advantage 50 Checking
0.05%$5-IOREBTA Checking

Torrington Savings Bank CD Rates

4.70%$1k-5 Month CD
3.25%$1k-30 Month CD
3.00%$1k-2 Year CD
2.25%$1k-18 Month CD
0.70%$1k-5 Year CD
0.60%$1k-4 Year CD
0.50%$1k-3 Year CD
0.40%$1k-21 Month Bump Up CD
0.25%$1k-1 Year CD
0.25%$1k-13 Month CD
0.25%$1k-15 Month CD
0.20%$1k-6 Month CD
0.20%$1k-9 Month CD
0.15%$1k-3 Month CD

Torrington Savings Bank IRA Rates

4.70%$1k-5 Month IRA
3.25%$1k-30 Month IRA
3.00%$1k-2 Year IRA
2.25%$1k-18 Month IRA
0.70%$1k-5 Year IRA
0.60%$1k-4 Year IRA
0.50%$1k-3 Year IRA
0.40%$1k-21 Month Bump Up IRA
0.25%$1k-1 Year IRA
0.25%$1k-13 Month IRA
0.25%$1k-15 Month IRA
0.20%$1k-6 Month IRA
0.20%$1k-9 Month IRA
0.15%$1k-3 Month IRA

Torrington Savings Bank Locations
The Torrington Savings Bank129 Main StTorrington, 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
Bristol Branch888 Farmington AvenueBristol, CT 06010

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