5-year CD, 0.65% APY, minimum deposit $1000, dividends paid upon maturity.
Webster Bank’s Top CD Rates
Webster Bank’s top CD rate is 0.65% APY. This rate is offered on the credit union’s 5-month CD with a minimum deposit of $1000. The dividends earned on this CD are paid upon maturity.
The 3-year CD is a great alternative. The account offers an 0.50% APY with a $1000 minimum deposit. This account also pays you your dividends upon maturity. You may also want to consider the 2-year CD that has a 0.40% APY and can also be opened with a $1000 minimum.
For short-term investors the credit union offers an 8-month. This CD offers an annual percentage yield of 0.20%. This CD is also obtainable with a $1000 minimum deposit. Like the rest, these CDs are also paid out upon maturity.
Webster Bank offers five CDs. Each of these CDs can be opened with a $1000 minimum deposit. You are always welcome to invest more, but you don’t have to. These CD terms vary from 8 months to 5-years. The APY starts at 0.20% and builds to 0.65%. Each of Webster’s CD accounts is subject to early withdrawal penalties.
In order to open a CD account with Webster, you must have a checking account with them first. The rates mentioned are not available for auto-renewed CDs.
Branches in Connecticut
Waterbury, Watertown, Middlebury, and Wolcott.
Webster Bank has been around for over 80 years and are a bank that wants to help their customers achieve their financial goals. The bankers that work at Webster Bank are the best at what they do and earnt the trust of their clients via ethical behaviors respecting their client and helping them reach their financial goals.
Webster Bank is also dedicated to making a meaningful impact on environment as well as social causes to be more sustainable and transparent. Webster Bank is responsible for funding upgrades to municipal water and sewer infrastructures and multiple other remediation projects. They also encourage their clients to use their mobile devices as opposed to using paper billing.
With mobile banking, Webster Bank is helping to eliminate fossil fuel emissions because their customers no longer need to drive to go to the bank. In terms of technology, Webster Bank also leverages it to make sure that their employees all have access to the tools they need to have an efficient workplace and reducing excess resources. The new software also uses cloud technology integrate audio, video and screen share conference calling. Because this technology is available, employees are able to work from the comfort of their own homes without needing to travel to and from work.
Thanks to the reduced driving, Webster Bank helps to lower fossil fuel usage which in turn benefits the environment greatly.