Best CD rates in Connecticut

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

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

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

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

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

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

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.

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

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

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