Torrington Savings Bank

Overview / Commentary

www.torringtonsavings.bank

860-496-2152

129 Main Street
Torrington, CT 06790

Torrington Savings Bank is headquartered in TORRINGTON and is the 17^th largest bank in the state of Connecticut. It is also the 1,078^th largest bank in the nation. It was established in 1868 and as of June of 2024, it had grown to 127 employees at 10 locations. Torrington Savings Bank's money market rates are 9X the national average, and it boasts an A+ health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

A+

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	16636
Year Established	1868
Employees	127
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-0.04%
Return on Equity - YTD	-0.22%
Annual Interest Income	$18.4MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$932.7MM$904.9MM
Loans	Q2 2024vs Q2 2023	$688.2MM$614.9MM
Deposits	Q2 2024vs Q2 2023	$744.4MM$728.6MM
Equity Capital	Q2 2024vs Q2 2023	$174.6MM$168.4MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$5.2MM$5.4MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$1.4MM$1.4MM
Real Estate Owned	Q2 2024vs Q2 2023	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Torrington Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APY	MIN	MAX	ACCOUNT NAME
5.12%^*	$0	$1k	First Time Savers Club
OTHER TIERS: 0.10% → $1k+
1.00%^*	$50k^*	-	Journey Savings
OTHER TIERS: 0.50% → $5 - $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

APY	MIN	MAX	ACCOUNT NAME
3.75%^*	$250k^*	-	Signature Money Market
OTHER TIERS: 0.50% → $0 - $25k \| 1.25% → $25k - $75k \| 1.75% → $75k - $150k \| 2.75% → $150k - $250k
3.75%^*	$250k^*	-	IRA Signature Money Market
OTHER TIERS: 0.50% → $0 - $25k \| 1.25% → $25k - $75k \| 1.75% → $75k - $150k \| 2.75% → $150k - $250k
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
4.40%	$1k	-	5 Month CD
4.00%	$1k	-	1 Year CD
3.50%	$1k	-	18 Month CD
3.25%	$1k	-	9 Month CD
3.25%	$1k	-	2 Year CD
3.25%	$1k	-	30 Month CD
3.25%	$1k	-	21 Month Bump Up CD
3.00%	$1k	-	3 Year CD
3.00%	$1k	-	4 Year CD
3.00%	$1k	-	5 Year CD
0.25%	$1k	-	13 Month CD
0.25%	$1k	-	15 Month CD
0.20%	$1k	-	6 Month CD
0.15%	$1k	-	3 Month CD

Torrington Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.40%	$1k	-	5 Month IRA
4.00%	$1k	-	1 Year IRA
3.75%	$1k	-	18 Month IRA
3.50%	$1k	-	30 Month IRA
3.25%	$1k	-	9 Month IRA
3.25%	$1k	-	2 Year IRA
3.25%	$1k	-	21 Month Bump Up IRA
3.00%	$1k	-	3 Year IRA
3.00%	$1k	-	4 Year IRA
3.00%	$1k	-	5 Year IRA
0.25%	$1k	-	13 Month IRA
0.25%	$1k	-	15 Month IRA
0.20%	$1k	-	6 Month IRA
0.15%	$1k	-	3 Month IRA

Locations

Torrington Savings Bank Locations
The Torrington Savings Bank	129 Main St	Torrington, CT 06790
Dibble Street Branch	235 Dibble Street	Torrington, CT 06790
Burlington Branch	258 Spielman Highway	Burlington, CT 06013
New Hartford Branch	518 Main Street	New Hartford, CT 06057
Goshen Branch	55 Sharon Turnpike	Goshen, CT 06756
North End Branch	635 Main Street	Torrington, CT 06790
Falls Village Branch	Routes 7 and 126	Falls Village, CT 06031
Bristol Branch	888 Farmington Avenue	Bristol, CT 06010

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.