For 12 straight weeks, the average money market account rate has remained at 0.12 percent, according to our most recent rates survey. That's not good news if you're looking to open an account right now. But keep in mind that there are some institutions offering better yields. Specifically, credit unions and online banks are offering better rates. Use our list of offers to find a money market account and rates in Torrington, CT, and in other areas of Connecticut.
MMAs are insured up to $250,000 per depositor. So, you don't have to worry about your money being safe in one of these accounts. Just make sure to look at fees, APY and minimum deposit amounts before you open one. Check out our list of deals and find a money market account and rates in Torrington, CT.
Money market account and rates in Torrington, Connecicut
Here are the money market account rates in Torrington, CT, as of 10:00 a.m.
|Bank Institutions||Intro Rate||Intro Months||Rate After Intro||APY||Min Bal Open||Min Bal Avoid Fees||Monthly Fees|
|Torrington Savings Bank||0%||0||0.1%||0.1%||$1,000||$200||$1|
|Union Savings Bank||0%||0||0.08%||0.08%||$500||$500||$5|
|Bank of America||0%||0||0.05%||0.05%||$25||$2,500||$12|
Calculate your money market account rate with our savings calculator.