Certificate of Deposit (CD)
Get guaranteed earnings on your own terms. A Thomaston Savings Bank Certificate of Deposit (CD) can make a difference in your savings goals, offering some of the most competitive CD rates in Connecticut. Lock in a guaranteed interest rate for a fixed period and let your money work for you. Plus, your interest earnings are compounded daily, so your money grows faster over time. And because our CDs are FDIC-insured, you can be confident that your money is protected.
Certificate of Deposit (CD) Highlights
Low minimum deposit: To earn the disclosed APY, you can open a variable-rate CD with a low minimum deposit starting at just $25. Our fixed-rate CDs can be opened with a minimum starting deposit of $1,000.
Guaranteed returns: With our CD, you can lock in a guaranteed interest rate for a fixed period of time. You’ll know exactly how much money you'll earn, even if interest rates rise or fall.
FDIC-insuranced: All CDs at Thomaston Savings Bank are FDIC-insured, up to $250,000 per depositor, per FDIC-insured bank, per ownership category.
Flexible terms: Thomaston Savings Bank offers CDs with terms ranging from days to years, so you can choose a term that fits your individual needs and financial goals.
Current Certificate of Deposit (CD) Rates
CD - Fixed
Annual Percentage Yield Effective Date: 12/13/2023
- All terms also available for Individual Retirement Accounts (IRA)
- $1,000 Minimum to Open
Deposit rates are subject to change without notice. Withdrawals and fees may reduce earnings. Interest is compounded daily and credited to the account every month. A penalty may be imposed for early withdrawal of principal prior to maturity from certificate accounts. The annual percentage yield (APY) assumes that interest remains on deposit until maturity. Daily balances below $1,000 do not earn APY.
CD - Variable
Annual Percentage Yield Effective Date: 12/13/2023
- All terms also available for Individual Retirement Accounts (IRA)
Deposit rates are subject to change without notice. Withdrawals and fees may reduce earnings. Interest is compounded daily and credited to the account every month. A penalty may be imposed for early withdrawal of principal prior to maturity from certificate accounts. The annual percentage yield (APY) assumes that interest remains on deposit until maturity. You must maintain a minimum balance of $25 in the account each day to obtain the disclosed APY.
An Introduction to Certificates of Deposit
Learn about CDs, which typically offer a higher rate of interest than a regular savings account.
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