Here Is Everything You Need To Know About The Best Banks In Connecticut
Are you looking for a good bank to handle your routine finances or to help you run your business smoothly? The good news is that in Connecticut, you have a number of options from which you can choose. From small savings accounts to business accounts with huge transactions, the state of Connecticut has everything to offer depending on individual needs. We have listed a few of these institutions below.
If you are looking for free checking options, Liberty Bank is the one for you.
This bank offers digital banking facilities like no other bank in Connecticut. This bank offers an eChecking account with no minimum deposit requirement and free checking services. All these facilities are topped up with free online bill payment, credit cards with no annual fees, and electronic statements.
This bank provides hassle-free banking to its customers through easy account opening and no minimum balance accounts. United Bank also lets its customers use its own ATMs and Allport ATMs without any ATM surcharge. This bank offers the best deposit rates in Connecticut.
People’s United Bank is one of the most accessible banks in Connecticut. This bank has 150 branches across the state and offers a variety of great deals to its customers. You can open an account with Peoples United Bank with an initial deposit of around $25. In addition, the bank provides facilities like mobile banking, online bill payment, and mobile deposit.
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This is the best bank for you if you are a student in Connecticut. This bank allows students between the age of 17 and 24 to open a checking account with just $25. They also do not have to pay any monthly fees during the time they are in college. Once a student has graduated, Chase Bank charges a minimum amount of $6 as monthly fees and waives it completely if the account holder can maintain a balance of more than $5000.
This financial institution offers one of the best saving account rates in the state. Its two savings accounts are the favorite of people across all income brackets. It has a simple savings account that does not require any opening minimum balance and offers a 0.05% APY. Another is the Preferred Saving account, which gives back anywhere between 0.10% to 1.00% APY. This account has no monthly fees if you can maintain a minimum balance of around $5000.
Connecticut state has a number of big banks that offer financial services to customers. If you set out to find the best bank in Connecticut, you will come across various financial institutions that are better than the others in one aspect or another. So, make sure you draw an outline of your requirements, do a research on the banks and then choose the one that well suits your needs.
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