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Torrington Savings Bank


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

Torrington Savings Bank is headquartered in Torrington and is the 19th largest bank in the state of Connecticut. It is also the 945th largest bank in the nation. It was established in 1868 and as of March of 2019, it had grown to 107 employees at 9 locations. Torrington Savings Bank's CD rates are 50% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #16636
Year Established1868
Employees107
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.3%
Return on Equity - YTD6.59%
Annual Interest Income$6.8MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$828.9MM$831.3MM
LoansQ1 2019vs Q1 2018$506.3MM$479.8MM
DepositsQ1 2019vs Q1 2018$661.1MM$666.3MM
Equity CapitalQ1 2019vs Q1 2018$164.6MM$161.2MM
Loan Loss AllowanceQ1 2019vs Q1 2018$4.6MM$4.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$3.8MM$2.9MM
Real Estate OwnedQ1 2019vs Q1 2018$188.00K$80.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*-$1kFirst Time Savers Club
OTHER TIERS: 0.20% $1k+
0.10%$5-Hometown Savings
0.10%--Christmas Club Account
0.10%--Build Your Own Club Account

Torrington Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$1k*-Hometown Money Market
OTHER TIERS: 0.10% Up to $1k
0.20%$1k-Better Business Money Market
0.20%*$1k*-IRA Money Market Statement Account
OTHER TIERS: 0.10% Up to $1k
0.20%*$1k*-IRA Money Market Passbook Account
OTHER TIERS: 0.10% Up to $1k

Torrington Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$250-Advantage NOW Checking
0.05%$5-Advantage 50 Checking
0.05%--Better Business Checking

Torrington Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$1k-5 Year CD
2.10%$1k-4 Year CD
2.05%$1k-3 Year CD
2.00%$1k-2 Year CD
2.00%$1k-30 Month CD
1.75%$1k-18 Month CD
1.75%$1k-21 Month Bump Up CD
1.50%$1k-15 Month CD
1.40%$1k-13 Month CD
1.35%$1k-1 Year CD
0.75%$1k-9 Month CD
0.35%$1k-6 Month CD
0.25%$1k-3 Month CD

Torrington Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$1k-5 Year IRA
2.10%$1k-4 Year IRA
2.05%$1k-3 Year IRA
2.00%$100-30 Month Variable IRA
2.00%$1k-2 Year IRA
2.00%$1k-30 Month IRA
1.75%$1k-18 Month IRA
1.75%$1k-21 Month Bump Up IRA
1.50%$1k-15 Month IRA
1.40%$1k-13 Month IRA
1.35%$1k-1 Year IRA
0.75%$1k-9 Month IRA
0.35%$1k-6 Month IRA
0.25%$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

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