Best 6-Month CD Rates in Connecticut

4.0
Bankrate Score

Bank or Credit Union Name: Popular Direct

Minimum Amount: $10,000

APY / Rate: 4.50%

Pros:

  • Best CD rates for 6 month CD term
  • Online access to the account round the clock
  • FDIC-insured investment to the maximum permitted by law
  • Credible customer service and support

Rules:

  • A minimum of $10000 must be maintained in the CD accounts till maturity
  • Interest is accrued and compounded daily
  • Premature withdrawal is charged with a penalty amount
  • 10 days grace period on maturity and auto-renewal after that
4.0
Bankrate Score

Bank or Credit Union Name: Live Oak Bank

Minimum Amount: $2500

APY / Rate: 4.35%

Pros:

  • No monthly maintenance fees
  • Online access to account offering 24/7 access
  • High, fixed interest rate
  • FDIC insured banking option

Rules:

  • Interest is compounded daily and disbursed monthly
  • Minimum $2500 and maximum $250,000 per account
  • Early withdrawal of insured sum is charged with a penalty
  • CD renewal options can be managed online

Best 12-Month CD Rates in Connecticut

4.0
Bankrate Score

Bank or Credit Union Name: Limelight Bank

Minimum Amount: $1,000

APY / Rate: 4.75%

Pros:

  • Terma available from 6 months to 36 months
  • Low minimum deposit requirements and high yield
  • Mobile banking feature available

Rules:

  • Penalties on early withdrawal of the principal amount
  • Interest credited to account on monthly basis
4.0
Bankrate Score

Bank or Credit Union Name: American Express National Bank

Minimum Amount: $0

APY / Rate: 4.50%

Pros:

  • No minimum deposit required
  • No monthly maintenance fee
  • Hasslefree account opening

Rules:

  • Interest is compounded daily and added to the account at the month end
  • Penalty on early withdrawal of the CD sum up to 540 days’ interest depending on the length of your CD
  • CD automatically renews at maturity

Best 2-Year CD Rates in Connecticut

4.0
Bankrate Score

Bank or Credit Union Name: America First Credit Union

Minimum Amount: $500

APY / Rate: 4.75%

Pros:

  • Variety of certificate options available (ladder, bump, dedicated savings and flexible)
  • Low minimum deposit requirement
  • Higher dividend rate
  • Investment secured by NCUA

Rules:

  • Easy to open an CD account with existing AFCU account
  • Dividend are credited monthly directly to checking, money market, share savings account
  • Early-withdrawal penalty
4.0
Bankrate Score

Bank or Credit Union Name: Randolph-Brooks Federal Credit Union

Minimum Amount: $20,000

APY / Rate: 4.70%

Pros:

  • Minimal minimum deposit amounts required
  • High dividend rates on a share certificate for two years
  • Zero-risk investing
  • FDIC’s maximum insurance coverage

Rules:

  • The CD interest is compounded every month.
  • Dividends can be transferred to RBFCU checking, savings, or money market accounts as well as the certificate account.
  • At maturity, the certificate automatically renews.
  • Early withdrawal penalties apply to premature withdrawal

Best 3-Year CD Rates in Connecticut

4.0
Bankrate Score

Bank or Credit Union Name: Alliant Credit Union

Minimum Amount: $1000

APY / Rate: 4.60%

Pros:

  • Investments guaranteed by NCUA
  • superior interest rates compared to traditional banks
  • No maximum investment limit
  • Minimal minimum deposit amounts required
  • No recurring monthly fees

Rules:

  • Dividends are compounded both monthly and upon maturity.
  • Without incurring penalties, dividends can be earned and taken each month. By doing so, simple interest is calculated instead of compound interest.
  • There is a fee for closing a certificate account before maturity.
4.0
Bankrate Score

Bank or Credit Union Name: Bread Financial

Minimum Amount: $1000

APY / Rate: 4.50%

Pros:

  • Best rates for 3-year CD options
  • Hassle-free account opening process
  • Enhanced liquidity rate
  • The minimum deposit requirement is low
  • FDIC -insured

Rules:

  • Interest is calculated and compounded daily and added to the account by month end
  • The investment limit per customer is set at $1 million and per account at $10 million
  • The grace period is 10 days within which CD customer can choose to cash out
  • CD auto-renewal after the grace period

Best 5-Year CD Rates in Connecticut

4.0
Bankrate Score

Bank or Credit Union Name: Barclays

Minimum Amount: $0

APY / Rate: 4.30%

Pros:

  • No minimum deposit requirement
  • Fixed rates offer higher stability
  • No monthly maintenance fees
  • 24/7 access to the account

Rules:

  • The interest is compounded daily
  • 14 days period to add funds to the CD to earn interest
  • Early withdrawal from the account is penalized
  • Easy fund transfer to any other account
4.0
Bankrate Score

Bank or Credit Union Name: Synchrony Bank

Minimum Amount: $0

APY / Rate: 4.30%

Pros:

  • No minimum balance required
  • Higher interest rates
  • Accurate saving solution with a CD ladder
  • CD calculator available on the bank website

Rules:

  • Withdrawing principal prior to the maturity date earns a penalty
    1. Term less than one year- 90 days of simple interest
    2. The term more than one year and less than 48 months- 180 days of simple interest
    3. The term more than 48 months: 365 days of simple interest
  • Interest can be withdrawn anytime during the CD term without any penalty
  • Interest can be transferred to Synchrony bank account or other bank saving accounts

National CD Rates

Average CD Rates

1-YEAR CD 1.82%
2-YEAR CD 1.75%
6-MONTH CD 2.10%
5-YEAR CD 2.47%
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