Certificates of Deposit

Time Deposits

Minimum to Open: $1000

Product Pricing & Charges:

  • Early withdrawal penalties will be imposed for withdrawals before maturity
  • Terms less than one year, 3 month’s interest on the amount withdrawn
  • Terms one year or more, 6 month’s interest on the amount withdrawn

Features & Restriction:                                            

  • No ATM Card
  • No Debit Card
  • Free Internet Banking (No Bill Pay) with Associated Checking
  • Free Telephone Banking
  • Credited Interest may be withdrawn during the term without penalty.
  • Interest can be added back to principal, credited to another account or a check issued.
  • Automatic renewal at maturity. Ten (10) grace days after maturity are available for deposit /withdrawal without penalty.

Terms:

  • 30 days to 60 months

Note: Terms are the same for business CD’s and IRA’s

Certificates of Deposit

Platinum Time Deposits

Minimum to Open: $1000

Product Pricing & Charges:

  • Early withdrawal penalties will be imposed for withdrawals before maturity
  • Terms less than one year, 3 month’s interest on the amount withdrawn
  • Terms one year or more, 6 month’s interest on the amount withdrawn

Features & Restriction:                                            

  • No ATM Card
  • No Debit Card
  • Free Internet Banking (No Bill Pay) with Associated Checking
  • Free Telephone Banking
  • Credited Interest may be withdrawn during the term without penalty.
  • Interest can be added back to principal, credited to another account or a check issued.
  • Automatic renewal at maturity. Ten (10) grace days after maturity are available for deposit /withdrawal without penalty.

Terms:

  • 13, 19, 26, 31, 37 months

Note: Terms are the same for business CD’s and IRA’s

What is the benefit of having a certificate of deposit savings account?

With our Certificate of Deposit accounts, your money can grow on your terms. A CD can be a great way to save for college or your first home. With terms starting at 3 months going as long as 5 years it allows you to earn a higher rate of interest for a fixed period of time. It’s important to make sure the funds you are depositing into a CD account will not be needed for the term you select as penalty and fees may apply.

FDIC insurance coverage applies to balances up to $250K per depositor, but if insurance is needed for a larger amount we can accommodate you using our reciprocal relationship with IntraFi Network (formerly known as CDARS). The benefit to working with the IntraFi Network is that you eliminate the need to go from bank to bank to properly protect your money in excess of $250K.

Why have a CD savings account vs. a regular savings account?

A certificate of deposit account typically offers higher interest rates compared to regular savings accounts. The tradeoff is you agree to keep your money in the CD for a set amount of time. Generally, the longer the CD term, the higher the interest rate tends to be, allowing you to earn more on your savings. Also, since CDs have fixed terms, they discourage impulsive withdrawals, helping you stay disciplined in saving for your financial goals.

How to sign up

To sign up, come into one of our branches and speak with a personal banking associate about how we can tailor a CD that fits YOUR needs.

Locations & Hours

Main Branch

Cos Cob

444 East Putnam Ave.
Cos Cob, CT 06807

P (203) 629-8400
F (203) 629-8409

ATM
Drive-Up
Walk-Up Window

Summer Street Branch

Stamford

900 Summer St.
Stamford, CT 06905

P (203) 413-6101
F (203) 413-6106

ATM
Walk-Up Window

Westchester Branch

Port Chester

500 Westchester Ave.
Port Chester, NY 10573

P (914) 908-5444
F (203) 629-8409

ATM
Drive-Up
Walk-Up Window

Hours of Operation


Monday - Wednesday

8:30 am - 4:00 pm


Thursday

8:30 am - 6:00 pm


Friday

8:30 am - 4:00 pm


Saturday

9:00 am - 12:00 pm


Sunday

Closed