May 19, 2024

News and Political Commentary

The best CD rates for Connecticut in December 2023

2 min read

Want an investment that offers attractive returns with very little risk? Consider getting a certificate of deposit (CDs) or share certificate. With a CD, you make a lump sum deposit, committing your funds for a fixed period in exchange for a fixed interest rate.

We collaborated with Curinos, utilizing a comprehensive dataset of over 20,000 data points from Connecticut banks and credit unions to determine the state’s best CDs. These CDs have the highest annual percentage yields (APYs) in the state.

Since CDs are considered deposit accounts, they’re backed by FDIC or NCUA insurance, which provides up to $250,000 of coverage.

Best CD rates in Connecticut overall

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Compare rates from our partners

We’ve also gathered data from banks nationwide to pinpoint the institutions offering the best CDs. Our top picks have competitive interest rates and low minimum opening deposit requirements.

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Best CD rates in Connecticut by term

Using data sourced from Curinos, we pinpointed the top 6-month, 1-year, and 5-year CDs in Connecticut.

To be eligible for these rates, please review any criteria in the notes field in the tables below. Keep in mind that certain fields may be blank. For the most current information, we advise reaching out to the bank or credit union directly.

Best 6-month CD rates in Connecticut

Achieve an attractive APY without tying up your funds for an extended period by choosing a 6-month CD. Remember, though, that opting for a longer maturity will likely result in a higher…

Cassie Bottorff

2023-12-27 13:00:12

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