Best CD Rates in Greenwich, CT: Top 3

October 8, 2009 No Comments »

Below are the highest yielding CD (certificate of deposit) rates available to the residents of Greenwich, Connecticut. The institutions we will cover all include the following cities in Connecticut: Bristol, Enfield, Rocky Hill, Fairfield, Milford, East Hartford, Newtown, Wallingford, and Meriden. These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the city of Greenwich as well as Connecticut, we found that for the most part, you will be able to receive slightly better rates with national institutions than with local ones.

Keep in mind interest rates are time-sensitive in nature, so you will want to refer to the date of this article for accuracy. To get the most CD current rates from national banks, compare CD rates nationwide. 

How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates which beat the national average by the highest margins.

Best 6 month CD rates in Greenwich, CT:

  • Signature Bank has a 6 month CD yielding 1.90% APY with a minimum deposit of $5,000 required.
  • USAlliance Federal Credit Union has a 6 month CD yielding 1.61% APY with a minimum deposit of $500 required.
  • Apple Bank for Savings has a promotional 7 month CD yielding 1.50% APY with a minimum deposit of $500 required.

Best 12 month CD rates in Greenwich, CT:

  • Quorum Federal Credit Union has a 12 month CD and a 15 month CD yielding 2.15% APY with a minimum deposit of $1,000 required. 
  • USA Bank has a 12 month CD yielding 2.10% APY with a minimum deposit of $500 required.
  • iGoBanking.com has a 12 month CD yielding 2.0% APY with a minimum deposit of $1,000 required. They are an online bank and can accept deposits from any state.

Best 24 month CD rates in Greenwich, CT:

  • Signature Bank has a 24 month CD yielding 2.65% APY with a minimum deposit of $5,000 required. 
  • Hudson City Savings Bank (Cos Cob, CT) has a 24 month CD yielding 2.50% APY with a minimum deposit of $500 required. 
  • Capital One Bank National Association has a 24 month CD yielding 2.25% APY with a minimum deposit of $500 required. They are a national institution and can accept deposits from any state.
All of the above institutions are federally insured by either the FDIC or NCUA. If you live in the city of Greenwich, Connecticut and know of a better interest rate offered through your local bank or credit union, please share by leaving a comment.

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