Average Deposit Account Interest Rates in Connecticut Today
When looking around for a new local savings or CD account, you probably search for the highest Connecticut interest rate as a way to determine which account is best. While interest rates are extremely important, the CD or savings account with the very highest rate near you isn’t the only good option.
Local banking is about finding top offers for the region. Every state has different banks, deposit products and APYs, so understand what you can expect for your particular location can help you identify which rates are actually good and which come up short. That’s when knowing the interest rate averages becomes very useful.
Connecticut Banking Rates has evaluated today’s deposit rates in Connecticut to calculate the average rates for each type. Reference these average interest rates when evaluating local offers–rates that beat the state average are sure to put you ahead of the game.
Average Bank Account Rates in Connecticut
Connecticut Savings Account Rates
Highest Rate: 0.6% APY
Lowest Rate: 0.04% APY
Average Rate: 0.18% APY
Connecticut CD Rates
6-Month CD
Highest Rate: 0.8% APY
Lowest Rate: 0.1% APY
Average Rate: 0.39% APY
12-Month CD
Highest Rate: 1.25% APY
Lowest Rate: 0.1% APY
Average Rate: 0.6% APY
24-Month CD
Highest Rate: 1.75% APY
Lowest Rate: 0.1% APY
Average Rate: 0.92% APY
Please note these rates are accurate as of September 21, 2011, but are subject to change at any time. Further, you may be subject to additional terms and requirements. Please check with individual financial institutions to verify rates before opening an account.
