Torrington Savings Bank


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 978th largest bank in the nation. It was established in 1868 and as of March of 2020, it had grown to 113 employees at 9 locations. Torrington Savings Bank has a B+ health rating.

Reviews

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



Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Torrington Savings Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #16636
Year Established1868
Employees113
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-3.03%
Return on Equity - YTD-14.92%
Annual Interest Income$6.6MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$825.6MM$828.9MM
LoansQ1 2020vs Q1 2019$530.7MM$506.3MM
DepositsQ1 2020vs Q1 2019$656.5MM$661.1MM
Equity CapitalQ1 2020vs Q1 2019$165.4MM$164.6MM
Loan Loss AllowanceQ1 2020vs Q1 2019$4.8MM$4.6MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$2.9MM$3.8MM
Real Estate OwnedQ1 2020vs Q1 2019$122.00K$188.00K
Rates
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.12%*-$1kFirst Time Savers Club
OTHER TIERS: 0.10% $1k+
0.05%$5-Hometown Savings
0.05%--Christmas Club Account
0.05%--Build Your Own Club Account

Torrington Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$1k*-Hometown Money Market
OTHER TIERS: 0.05% Up to $1k
0.10%$1k-Better Business Money Market
0.10%--IRA Money Market Statement Account
0.10%--IRA Money Market Passbook Account

Torrington Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$1k-5 Year CD
0.70%$1k-18 Month CD
0.70%$1k-4 Year CD
0.70%$1k-21 Month Bump Up CD
0.60%$1k-3 Year CD
0.55%$1k-30 Month CD
0.45%$1k-2 Year CD
0.40%$1k-13 Month CD
0.40%$1k-15 Month CD
0.30%$1k-1 Year CD
0.25%$1k-6 Month CD
0.25%$1k-9 Month CD
0.15%$1k-3 Month CD

Torrington Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$1k-5 Year IRA
0.70%$1k-18 Month IRA
0.70%$1k-4 Year IRA
0.70%$1k-21 Month Bump Up IRA
0.60%$1k-3 Year IRA
0.55%$100-30 Month Variable IRA
0.55%$1k-30 Month IRA
0.45%$1k-2 Year IRA
0.40%$1k-13 Month IRA
0.40%$1k-15 Month IRA
0.30%$1k-1 Year IRA
0.25%$1k-6 Month IRA
0.25%$1k-9 Month IRA
0.15%$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

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.