People’s United Bank CD Rates
We aim to bring you the best CD rates of different banks so that it is easy for you to plan your financial goals. This article will review the CD rates at People’s United Bank.
People’s United Bank is headquartered in New England and it serves customers who are mainly located in Connecticut, New Hampshire, Vermont, Maine, Massachusetts and New York. It was founded in 1842 and today, it has more than 300 branches and about $20 billion in assets. They offer many savings products to their customers including certificate of deposits (CDs), savings account and money market accounts. The CDs are a safe and secure way to save money and their CD rates are quite competitive. The minimum opening deposit for all term periods is $1000. If the CD is linked to a checking account, then the interest rates are slightly higher.
The current People’s United Bank CD rates are 0.40% for a 91 day deposit and and 0.50% for a 6-month CD. People’s United CD rates for a 9-month CD is 0.50% while the rates for a 1-year CD is 0.85%. People’s United Certificate of Deposit rates for a 15-month CD is 1.00%, 2-year CD is 1.45% and 5-year CD is 2.75% respectively. When the CD is linked with a checking account, the rates are higher. For a 91 day CD, the rates are 0.55%, 6-month CD is 0.65%, 9-month CD is 0.65%, 1 year is 1.10%, 15 month CD is 1.15%, 2 year CD is 1.60% and 5 year CD is 2.75% respectively. These rates are attractive for different kinds of customers and this is one of the reasons for the popularity of this savings product.