Best Connecticut CD Rates
Connecticut is one of the smallest states in the United States but has an economy of considerable size and strength. Its financial prowess is evident from its relatively strong performance in the banking sector. Connecticut CD rates are ascertained by a number of factors but are generally calculated on a national scale; banks don’t always apply the same rates across the nation. Here at Best CD rates Today, we’re going to show you where the best Connecticut CD rates can be found.
Ally Bank is offering the best CD rates in Connecticut. The bank does not ask for any minimum balance and offers 1.69% APY for a 1-year term. The bank also offers the highest APY for three year investment at 2.46%; 5-year investment also yields the highest APY at 3.10%.
People’s United Bank offers the second highest APY for 1-year CD at 1.00%. It, however, offers lower APY for 3-year CD at 1.85%. Webster Bank offers the second best APY for 3-year investment at an APY of 2.25%; its APY for one year investment is calculated around 1.00%. People’s United Bank offers an APY of 1.83% for a three year investment plan. Bank of America offers an APY of 1.74% for a 3-year CD.
People’s United Bank again takes the third position when it comes to five year CD investments. It is currently offering an APY of 2.71%. Webster Bank offers the second best APY at 2.72%. TD Bank is offering an APY of 2.23% and Bank of America also offers the same APY at 2.23%.
APY rates depend on local and national economic conditions and are subject to change. Additional charges, penalties on early withdrawals and other overheads are often applied on these investments.
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