Watertown, Connecticut (CT) Savings Rates - March 2026
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The savings rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
The best savings rates for Watertown, Connecticut and the surrounding area include Mutual Security Credit UnionMutual Security Credit Union764 STRAITS TPKE, WATERTOWN, CT 06795A+5.0 ★Texas Ratio: 4.25% Progressive Savings | Tier 1 at 3.54% APY, Northwest Community BankNorthwest Community Bank51 Straits Tpke, Watertown, CT 06795A+5.0 ★Texas Ratio: 3.08% Student Savings Club Account at 2.53% APY, Ion BankIon Bank544 Straits Tpke, Watertown, CT 06795A5.0 ★Texas Ratio: 10.95% Ka-Ching! Savings Account Tier III at 1.65% APY, Thomaston Savings BankThomaston Savings Bank565 Main St, Watertown, CT 06795A5.0 ★Texas Ratio: 6.58% Business Savings at 0.35% APY, and FD Community Federal Credit UnionFD Community Federal Credit Union48 Woodruff Ave, Watertown, CT 06795A+5.0 ★Texas Ratio: 5.67% IRA Regular Share at 0.10% APY. Savings rates as of March 27, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Watertown, Connecticut, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Watertown, Connecticut (CT) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Watertown, Connecticut and the surrounding area. Last Updated and Verified: March 27, 2026
Compare the Best Savings Rates in Watertown, Connecticut & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Mutual Security Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.25%
764 STRAITS TPKE, WATERTOWN, CT 06795
Progressive Savings | Tier 1
3.54%
$0
▼
Rate3.48%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Northwest Community Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.08%
51 Straits Tpke, Watertown, CT 06795
Student Savings Club Account
2.53%
$5
▼
Rate2.50%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
Ka-Ching! Savings Account Tier III
1.65%
$0
▼
Rate1.64%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Mutual Security Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.25%
764 STRAITS TPKE, WATERTOWN, CT 06795
Progressive Savings | Tier 2
1.24%
$0
▼
Rate1.23%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
Ka-Ching! Savings Account Tier II
1.00%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
Statement Savings
0.80%
$0
▼
Rate0.80%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
Non-Personal Statement Savings Tier III
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Northwest Community Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.08%
51 Straits Tpke, Watertown, CT 06795
TENANT/AGENT SAVINGS
0.49%
$5
▼
Rate0.49%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
Ka-Ching! Savings Account Tier I
0.45%
$0
▼
Rate0.45%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Mutual Security Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.25%
764 STRAITS TPKE, WATERTOWN, CT 06795
Progressive Savings | Tier 3
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Thomaston Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.58%
565 Main St, Watertown, CT 06795
Business Savings
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
Non-Personal Statement Savings Tier II
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
Statement Savings
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Thomaston Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.58%
565 Main St, Watertown, CT 06795
Relationship Savings
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
eSavings
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Thomaston Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.58%
565 Main St, Watertown, CT 06795
Health Savings Account (HSA)
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Thomaston Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.58%
565 Main St, Watertown, CT 06795
Business Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Thomaston Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.58%
565 Main St, Watertown, CT 06795
Relationship Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Thomaston Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.58%
565 Main St, Watertown, CT 06795
Relationship Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
eSavings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
Health Savings Account Tier III
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
FD Community Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.67%
48 Woodruff Ave, Watertown, CT 06795
IRA Regular Share
0.10%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Dividends paid & compounded qtrly.
Mutual Security Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.25%
764 STRAITS TPKE, WATERTOWN, CT 06795
Savings Account
0.10%
$5
▼
Rate0.10%
Min Deposit$5
Min Balance—
UpdatedMar 21, 2026
Details
Thomaston Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.58%
565 Main St, Watertown, CT 06795
Health Savings Account (HSA)
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Mutual Security Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.25%
764 STRAITS TPKE, WATERTOWN, CT 06795
Health Savings Accounts (HSA)
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Qualifying balance up to $2,499.99
Ion Bank
Institution Rating:
A5.0 ★Texas Ratio: 10.95%
544 Straits Tpke, Watertown, CT 06795
eSavings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Thomaston Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.58%
565 Main St, Watertown, CT 06795
Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Thomaston Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.58%
565 Main St, Watertown, CT 06795
Health Savings Account (HSA)
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Thomaston Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.58%
565 Main St, Watertown, CT 06795
Business Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Northwest Community Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.08%
51 Straits Tpke, Watertown, CT 06795
TRANSACTION SAVINGS
0.05%
$5
▼
Rate0.05%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Northwest Community Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.08%
51 Straits Tpke, Watertown, CT 06795
Student Savings Club Account
0.05%
$5
▼
Rate0.05%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Northwest Community Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.08%
51 Straits Tpke, Watertown, CT 06795
SAVINGS/UTMA SAVINGS
0.05%
$5
▼
Rate0.05%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Northwest Community Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.08%
51 Straits Tpke, Watertown, CT 06795
IRA SAVINGS
0.05%
$5
▼
Rate0.05%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Northwest Community Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.08%
51 Straits Tpke, Watertown, CT 06795
Health Savings Account
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
628 Straits Tpke, Watertown, CT 06795
Retirement High Yield Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
628 Straits Tpke, Watertown, CT 06795
Platinum Savings
0.05%
$25
▼
Rate0.05%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
General Electric Employees Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.21%
1 Lafayette Cir Ste 1, Bridgeport, CT 06604 6021
Jump Start Savings
5.00%
$0
▼
Rate5.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Qualifying balance up to $1,000.00
Waterbury Connecticut Teachers Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.93%
773 Straits Tpke, Middlebury, CT 06762 2852
Head Start Savings
4.60%
$0
▼
Rate4.50%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Qualifying balance up to $1000.00
First Bristol Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.96%
25 North St, Bristol, CT 06010
High-Yield Savings
4.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Boost Your Rate 1.00% with Round-Up Checking
Cencap Federal Credit Union
Institution Rating:
F1.7 ★Texas Ratio: 54.83%
443 FRANKLIN AVE, HARTFORD, CT 06114
IRA & HSA Savings
3.82%
$0
▼
Rate3.75%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Corporate America Family Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.64%
501 Middle St, Bristol, CT 06010 7438
Business Prosperity Savings
3.75%
$1,000
▼
Rate0.00%
Min Deposit$1,000
Min Balance—
UpdatedMar 25, 2026
Details
Intro rate subject to change
Connex Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.01%
PO Box 477, North Haven, CT 06473 0477
PathwaysTM Savings Account
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMar 13, 2026
Details
Qualifying balance up to $1,000.00
Affinity Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.16%
55 Whitney Ave, New Haven, CT 06510
Performance Savings
3.25%
$5
▼
Rate3.20%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Qualifications Required
Charter Oak Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.12%
32 Chicago Ave, Groton, CT 06340
Bright Future Savings
3.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Qualifying balance up to $2,000.00
Scient Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.42%
60 Colver Ave, Groton, CT 06340 3808
MySci Savings
3.00%
$25
▼
Rate2.96%
Min Deposit$25
Min Balance—
UpdatedMar 21, 2026
Details
Nutmeg State Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.50%
520 Cromwell Ave, Rocky Hill, CT 06067
High-Yield Savings Account (HYSA)
3.00%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Affinity Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.16%
55 Whitney Ave, New Haven, CT 06510
SmartStart Savings
2.75%
$5
▼
Rate2.71%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
Qualifying balance up to $10,000.00
Affinity Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.16%
55 Whitney Ave, New Haven, CT 06510
High Yield Savings
2.65%
$5
▼
Rate2.62%
Min Deposit$5
Min Balance—
UpdatedMar 24, 2026
Details
SUMA Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 12.20%
39 Clovelly Rd, Stamford, CT 06902
IRA shares
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details
Connecticut State Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.25%
84 Wadsworth St, Hartford, CT 06106
IRA Savings
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Connecticut State Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.25%
84 Wadsworth St, Hartford, CT 06106
Regular Shares
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Sikorsky Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.11%
253 West St, Seymour, CT 06483 2648
Health Savings Accounts (HSA)
2.00%
$5
▼
Rate1.98%
Min Deposit$5
Min Balance—
UpdatedMar 21, 2026
Details
Affinity Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.16%
55 Whitney Ave, New Haven, CT 06510
SmartStart Savings account
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Qualifying balance up to $5,000.00
Tobacco Valley Teachers Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.36%
182 South Rd, Enfield, CT 06082 4454
Money Market Savings
2.00%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
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The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Watertown, CT Savings Rate Trends
Compare local Watertown, CT savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Savings — CT Avg
1.560%
▲ 1.219 from last week
Connecticut high-yield savings rates rose 1.219 points this week to 1.560% APY, up from 0.341% last week.
Standard Savings — CT Avg
0.479%
▲ 0.190 from last week
Connecticut standard savings rates rose 0.190 points this week to 0.479% APY, up from 0.290% last week.
As of Mar 28, 2026 •
Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Watertown, Connecticut directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Watertown, Connecticut. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in CT.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Watertown, Connecticut
What is a High-Yield Savings Account (HYSA)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Connecticut, help your money grow faster through a higher APY.
Are savings accounts in Watertown, Connecticut safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Connecticut up to $250,000 per depositor, per institution.
How often do savings rates change in Watertown, Connecticut?
Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Connecticut rate tables daily to ensure you see the most current high-yield options.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Watertown, Connecticut may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Watertown, Connecticut?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Watertown, Connecticut offer in-person customer service, which some customers prefer.
How do I open a savings account in Watertown, Connecticut?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Watertown, Connecticut
Here are recent savings rates observed in Watertown, Connecticut and the surrounding area:
- Mutual Security Credit Union
Progressive Savings | Tier 1 — 3.54% APY - Northwest Community Bank
Student Savings Club Account — 2.53% APY - Ion Bank
Ka-Ching! Savings Account Tier III — 1.65% APY - Thomaston Savings Bank
Business Savings — 0.35% APY - FD Community Federal Credit Union
IRA Regular Share — 0.10% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Watertown, Connecticut. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 27, 2026
