Get More with Top-Notch Rates
At Thomaston Savings Bank, your business can save more. Competitive rates on business savings accounts, commercial money market accounts, CDs, IOLTAs and IORETAs are all available to help your business thrive.
Business Deposit Rates
If you’re looking to save money for your business, look no further than right here. Thomaston Savings Bank is here for you, offering competitive rates to help you open doors to new opportunities.
$25.00 Minimum Balance to Open
Annual Percentage Yield Effective Date: 11/30/2022
Type
Minimum to Earn APY
Interest Rate
APY
Statement Savings
$0.00
0.05%
0.05%
Passbook Savings
$0.00
0.05%
0.05%
Deposit rates are subject to change without notice. Withdrawals and fees may reduce earnings. Interest is compounded daily and credited to the account every month. The interest rate and annual percentage yield (APY) on variable rate accounts may change after the account is opened. 1 A penalty may be imposed for early withdrawal of principal prior to maturity from certificate accounts. The APY assumes that interest remains on deposit until maturity.
$2,500.00 Minimum Balance to Open 0% Interest Earned on Balances < $1,000.00
Annual Percentage Yield Effective Date: 11/30/2022
Tier
Minimum to Earn APY
Interest Rate
APY
$1,000.00 - $99,999.99
$1,000.00
0.05%
0.05%
$100,000.00 - 499,999.99
$100,000.00
0.05%
0.05%
$500,000.00 - $999,999.99
$500,000.00
0.08%
0.08%
$1,000,000.00 - 999,999,999.99
$1,000,000.00
0.08%
0.08%
Deposit rates are subject to change without notice. Withdrawals and fees may reduce earnings. Interest is compounded daily and credited to the account every month. The interest rate and annual percentage yield (APY) on variable rate accounts may change after the account is opened.
$2,500.00 Minimum Balance to Open 0% Interest Earned on Balances < $1,000.00
Annual Percentage Yield Effective Date: 11/30/2022
Tier
Minimum to Earn APY
Interest Rate
APY
$1,000.00 - $2,499.99
$1,000.00
0.05%
0.05%
$2,500.00 - $9,999.99
$2,500.00
0.10%
0.10%
$10,000.00 - $49,999.99
$10,000.00
0.10%
0.10%
$50,000.00+
$50,000.00
0.15%
0.15%
Deposit rates are subject to change without notice. Withdrawals and fees may reduce earnings. Interest is compounded daily and credited to the account every month. The interest rate and annual percentage yield (APY) on variable rate accounts may change after the account is opened.
All terms also available for Individual Retirement Accounts (IRA)
Annual Percentage Yield Effective Date: 11/30/2022
Terms
Interest Rate$1,000.00 Minimum to Open and Earn APY1
APY
Interest Rate$100,000.00 Minimum to Open and Earn APY2
APY
91 Days
0.10%
0.10%
0.10%
0.10%
5 Months
1.99%
2.00%
1.99%
2.00%
6 Months
0.10%
0.10%
0.10%
0.10%
9 Months
0.15%
0.15%
0.15%
0.15%
12 Months
0.20%
0.20%
0.20%
0.20%
13 Months
2.96%
3.00%
2.96%
3.00%
18 Months
0.25%
0.25%
0.25%
0.25%
18 Month Variable Rate Certificate of Deposit3 - deposits allowed during term
1.00%
1.00%
1.00%
1.00%
24 Months
0.25%
0.25%
0.25%
0.25%
36 Months
0.35%
0.35%
0.35%
0.35%
48 Months
0.45%
0.45%
0.45%
0.45%
60 Months
0.60%
0.60%
0.60%
0.60%
Deposit rates are subject to change without notice. Withdrawals and fees may reduce earnings. Interest is compounded daily and credited to the account every month. A penalty may be imposed for early withdrawal of principal prior to maturity from certificate accounts. The annual percentage yield (APY) assumes that interest remains on deposit until maturity. 1You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield. 2You must maintain a minimum balance of $100,000.00 in the account each day to obtain the disclosed annual percentage yield.3You must maintain a minimum balance of $25.00 in the account each day to obtain the disclosed annual percentage yield.
Interest on Lawyers Trust Accounts
For accounts established with a Tax ID number of the CT Bar Foundation.
For more information or to open an account, please visit your local branch.
Annual Percentage Yield Effective Date: 11/30/2022
Tier
Interest Rate
APY
$0.01 +
1.05%
1.05%
Interest on Real Estate Brokers Trust Accounts
For accounts established with a Tax ID number of CHFA.
For more information or to open an account, please visit your local branch.
Annual Percentage Yield Effective Date: 11/30/2022
Tier
Interest Rate
APY
$.01 +
1.05%
1.05%
Routing #: 211174259