Best CD rates in Connecticut
Vikram Singh
Best 6-Month CD Rates in Connecticut

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

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

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

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

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

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

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.

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

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

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