The Best Fixed Annuity and CD Rates in Connecticut (September 2023)

Shawn Plummer

CEO, The Annuity Expert

In Connecticut’s diverse financial environment, stretching from the serene coastal towns to the bustling cityscapes, an array of opportunities await those seeking to grow their savings. This comparison is your comprehensive guide to shopping and comparing high CD rates, online savings account interest rates, the best rates on money market accounts, and fixed deferred annuity rates across the Constitution State. Whether you’re affiliated with well-established banks, community-rooted credit unions, or the convenience of online platforms, our goal is to simplify your journey toward financial growth. We aim to unravel the complexities of CT’s financial terrain, equipping you with the knowledge to optimize interest rates and successfully enhance your savings. With this guide, understanding Connecticut’s financial landscape becomes an enlightening journey rather than a daunting task.

Confused About Annuities?

Are you new to annuities and unsure where to begin? Visit our Annuity Learning Lab for expert guidance and insights.

Earn The Highest Interest Rates On Savings Today

Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.

TermInsurance CompanyAPY
N/AMoney Market Account – Optimum Bank5.26%
N/AMoney Market Account – FVC Bank5.26%
N/ASavings Account – CloudBank 24/7 5.26%
12 MonthsBread Savings CD5.60%
48 MonthsClear Spring Fixed Annuity5.15%
5 YearsAthene Fixed Annuity5.30%
10 YearsEquitrust Fixed Annuity6.00%
*Fixed annuities are only for saving money to use in retirement.

Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this guide.

Find And Compare The Highest Interest Rates

Find the highest interest rates for your savings, ranging from 3 months to 10 years, all in one place.

Top CD Rates in Connecticut

If you’re interested in Connecticut’s most advantageous CD rates, several institutions are worth considering. They all provide competitive interest rates and practical terms- perfect for low-risk investors! To ensure you get the best deal possible, compare their offerings to identify your ideal option.

3-Month CD Rates

Banks and credit unions have the highest CD rates for three months.

Best 3-Month CD RatesRateTermMinimum
Ponce Bank5.30% APY3 Months$1.00
Oklahoma State Bank5.35% APY3 Months$1.00
Western Alliance Bank5.21% APY3 Months$1.00

6-Month CD Rates

The following banks and credit unions have the highest CD rates for six months.

Best 6-Month CD RatesRateTermMinimum
Western Alliance Bank5.41% APY6 Months$1.00
Oklahoma State Bank5.40% APY6 Months$1.00
Generations Bank5.41% APY6 Months$1.00

1-Year CD Rates

The following banks and credit unions have the highest CD rates for 12 months.

Best 12-Month CD RatesRateTermMinimum
Western Alliance Bank5.51% APY12 Months$1.00
Bread Savings5.60% APY12 Months$1,500.00
Connexus Credit Union5.50% APY12 Months$1.00

2-Year CD Rates

Banks and credit unions have the highest CD rates for 24 months.

Best 2-Year CD RatesRateTermMinimum
Connexus Credit Union4.95% APY24 Months$1.00
Idabel National Bank4.90% APY24 Months$1.00
Bread Savings5.15% APY24 Months$1,500.00

3-Year CD Rates

Banks and credit unions have the highest CD rates for 36 months.

Best 3-Year CD RatesRateTermMinimum
Valley Bank5.60% APY36 Months$500.00
Bread Savings4.85% APY36 Months$1,500.00
The State Exchange Bank4.70% APY36 Months$1.00

4-Year CD Rates

The following banks and credit unions have the highest CD rates for 48 months.

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.65% APY48 Months$1,500.00
The State Exchange Bank4.50% APY48 Months$1.00
Barclays4.45% APY48 Months$0.00

5-Year CD Rates

Banks and credit unions have the highest CD rates for 60 months.

Best 5-Year CD RatesRateTermMinimum
Bread Savings4.65% APY60 Months$1,500.00
Barclays4.50% APY60 Months$0.00
The State Exchange Bank4.35% APY60 Months$1.00

Top Fixed Annuity Rates in Connecticut

In Connecticut, when investing in a fixed annuity, you have an assortment of options, such as immediate and deferred annuities. When selecting the ideal fixed annuity, consider important factors like the insurance company’s financial stability, interest rate yield, and applicable fees or charges. This will help ensure that you make a smart decision that can help provide long-term security and peace of mind.

Disclaimer: Products are subject to state availability. Please inquire below for details.

Best And Highest Cd, Annuity, Savings, Money Market Rates In Connecticut

Understanding CD and Fixed Annuity Rates in Connecticut

Certificates of deposit (CDs) are low-risk investment options that offer a guaranteed return on your money. CDs typically have a fixed interest rate and maturity date, allowing you to earn interest on your deposit over a specific period.

On the other hand, fixed annuities are insurance products that offer a guaranteed income stream in retirement. With a fixed annuity, you make a lump sum payment to an insurance company, which invests the money and pays you a fixed income stream over time.

Factors to Consider When Choosing CD and Fixed Annuity Rates in Connecticut

When choosing the best CD and fixed annuity rates in Connecticut, there are several factors to consider:

  • Financial stability of the institution
  • Interest rate and yield
  • Terms and conditions of the CD or annuity
  • Penalties for early withdrawal
  • Availability of special promotions or incentives

Next Steps

It would be best if you did your homework when finding the best CD and fixed annuity rates in Connecticut. You need to understand each investment option’s safety, interest rate, yield, and terms and conditions to find the best one for your needs.

We hope this guide provides the information you need to decide on your savings and investments. Everyone’s financial needs are different, and we’re here to help. So call us today if you’re saving for retirement or want higher investment returns! We’d love to work together to discover which options suit you. So don’t delay another day – contact us now for a quote!

The Best Cd Rates In Connecticut (Ct).  The Best Fixed Annuity Rates In Connecticut (Ct).

Request A Quote

Get help from a licensed financial professional. This service is free of charge.

Contact Us

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

Scroll to Top