Torrington Savings Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.75%	5-year CD	3.10% - Barclays 60 Month Online CD
1.40%	1-year CD	2.75% - Barclays 12 Month Online CD
0.10%	Savings	2.20% - Barclays Online Savings Account

View all Torrington Savings Bank rates »

Overview / Commentary

www.torringtonsavings.com

860-496-2152

129 Main Street
Torrington, CT 06790

Torrington Savings Bank is headquartered in Torrington and is the 19^th largest bank in the state of Connecticut. It is also the 954^th largest bank in the nation. It was established in 1868 and as of December of 2018, it had grown to 99 employees at 9 locations. Torrington Savings Bank's CD rates are 2X the national average, and it has an A health rating.

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Health

Data as of Q4 2018

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Health Grade Components

Overall
FDIC Certificate #	16636
Year Established	1868
Employees	99
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.64%
Return on Equity - YTD	3.26%
Annual Interest Income	$25.4MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$820.2MM$834.7MM
Loans	Q4 2018vs Q4 2017	$505.8MM$477.5MM
Deposits	Q4 2018vs Q4 2017	$655.9MM$670.2MM
Equity Capital	Q4 2018vs Q4 2017	$161.0MM$160.8MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$4.5MM$4.1MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$3.9MM$2.8MM
Real Estate Owned	Q4 2018vs Q4 2017	$80.00K$140.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
5.00%^*	-	$1k	First 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
0.05%	$250	-	Advantage NOW Checking
0.05%	$5	-	Advantage 50 Checking
0.05%	-	-	Better Business Checking

Torrington Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.75%	$1k	-	5 Year CD
2.60%	$1k	-	15 Month CD
2.50%	$1k	-	4 Year CD
2.25%	$1k	-	3 Year CD
2.20%	$1k	-	18 Month CD
2.20%	$1k	-	2 Year CD
2.20%	$1k	-	30 Month CD
2.20%	$1k	-	21 Month Bump Up CD
2.00%	$1k	-	1 Year CD
1.40%	$1k	-	13 Month CD
1.00%	$1k	-	6 Month CD
1.00%	$1k	-	9 Month CD
0.25%	$1k	-	3 Month CD

Torrington Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.75%	$1k	-	5 Year IRA
2.60%	$1k	-	15 Month IRA
2.50%	$1k	-	4 Year IRA
2.25%	$1k	-	3 Year IRA
2.20%	$100	-	30 Month Variable IRA
2.20%	$1k	-	18 Month IRA
2.20%	$1k	-	2 Year IRA
2.20%	$1k	-	30 Month IRA
2.20%	$1k	-	21 Month Bump Up IRA
2.00%	$1k	-	1 Year IRA
1.40%	$1k	-	13 Month IRA
1.00%	$1k	-	6 Month IRA
1.00%	$1k	-	9 Month IRA
0.25%	$1k	-	3 Month IRA

Locations

Torrington Savings Bank Locations
The Torrington Savings Bank	129 Main Street	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

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