For those looking for high yields, it’s tough out there. The Fed is keeping a hold on rates in order to give the economy a boost, and certificates of deposit have been hit hard. Still, there are some institutions offering better-than-average deals. Use our research to find the best CD rates in Torrington, CT.
CDs are safe investments. They are insured up to $250,000 per depositor. They’ll also encourage you to save. That’s because most institutions will hit you with a stiff penalty if you try and withdraw your money before the maturity date. It’s important to shop around for the highest CD rates in Torrington, CT, and in other areas of Connecticut, before you purchase one of these products.