bank rates

Connecticut Deal On Bump-Up CD Rates

Eastern Federal Bank pays 2.20% APY with a $500 minimum deposit.Eastern Federal Bank’s 48-month bump-up CD special starts out strong and gives southeastern Connecticut savers the opportunity to take advantage of higher CD rates in the future.

It’s paying 2.20% APY with a $500 minimum deposit.

That matches the top nationally available 60-month CD rate on our latest CD Rates Leaderboard, and you can bump up the rate once during the term.

We should note that Eastern Federal is also paying 2.25% APY for 60-month CDs with a $500 minimum deposit.

You have to live or work in New London County to buy these certificates of deposit and visit a branch in person.

Eastern Federal Bank (www.bankefb.com) has four branches: two in Norwich and one each in Jewett City and Plainfield.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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