bank rates

Connecticut Deal Pays 1.25% on 9-Month CDs

With so much uncertainty about what the Federal Reserve will do to rates this year (never mind 2017), high-paying short-term CDs can be a smart buy.

Fortunately for Connecticut savers, Nutmeg State Financial Credit Union has just the deal.

Paying 1.25% APY for 9 months, Nutmeg State’s promotional certificate slots nicely between the top nationally available 6- and 12-month returns from the banks on our CD Rates Leaderboard, which stand at 1.10% and 1.35% APY, respectively.

It’s also enough to earn Nutmeg State its first-ever appearance in our roundup of the best-paying CDs from credit unions and community banks across the country.

Anyone who lives or works in the Connecticut counties of Hartford, New Haven, Middlesex and Tolland is eligible to join Nutmeg State and can do so online, by phone, by mail or in person at one of its eight branches.

After becoming a member, opening the CD can be done by phone or in person. A minimum $1,000 deposit is required.

As always, be sure to check Bankrate’s extensive database of the day’s best CD rates before committing your funds to any certificate of deposit.

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