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Thomaston Savings Bank Savings Rates

Thomaston Savings Bank Savings Rates

Thomaston Savings Bank based in Connecticut, is offering some very competitive savings rates. Everyone isn't eligible to open an account at Thomaston Savings Bank, only people living in certain communities in Connecticut. You can view the list here: Thomaston List of Communities.

The best rate on any savings account offered by Thomaston Savings Bank is on their relationship savings account with deposits of $50,000 or more. The current interest rate and APY on this account is 1.00%.

If you don't have $50,000 to invest a deposit of $15,000 to $49,999.99 will get you a rate and APY of 0.75%. Which is still very reasonable since the average savings account rates about a third at 0.25%. Deposit accounts of $1,000 to $14,999.99 gets you a rate of 0.30 percent, just above the average rate.

Thomaston Savings Bank's regular savings rates are: Statement savings rates are 0.25% with an APY of 0.25%. Passbook savings rates are 0.15 percent with an APY of 0.15 percent.

If you're looking for a health savings account (HSA) the bank also offers that type of account. Current HSA rates for account balances of $0 to $4,999.99 is 0.50% with an APY of 0.50%. Balances of $5,000 to $49,999.99 earn a rate and yield of 0.75% and balances of $50,00o or more ean a rate and yield of 1.00%

Author: Monica Harris
April 18th, 2011