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    Torrington Savings Bank team accepting Best Places to Work Award

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    Foundation check presentation to LARC

    Torrington Savings Foundation Awards Over $107,000 in Support of Education

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Savings Account

Hometown Money
Market Account

Get rewarded for saving more. With a Hometown Money Market Savings Account, you earn a higher interest rate by keeping a higher balance.

Open Now

Hometown Money Market Account

Get off to a strong savings start by making a larger initial deposit so you can earn more interest and grow your savings even faster. Our Hometown Money Market helps you to do just that. Your money works harder for you, you’ll earn a higher interest rate based on your balance.

Features of the Hometown Money Market:

  • $1,000.00 Minimum to Open
  • Earns variable interest rate
  • Money Market account can be linked to checking for a combined statement and/or overdraft protection.

Money Market Savings Accounts

Effective Date: March 24, 2023

Deposit Product Annual Percentage Yield Interest Rate Minimum Balance to Earn Posted Rate Minimum Balance to Open # of Days
Hometown Money Market 0.050% 0.050% Less than $1,000.00 $1,000.00 365 Open Now
Hometown Money Market 0.100% 0.100% $1,000.00 $1,000.00 365 Open Now
Hometown Money Market 0.120% 0.120% $50,000.00 $1,000.00 365 Open Now
Hometown Money Market 0.150% 0.150% $100,000.00 $1,000.00 365 Open Now

DETAILS: Interest is compounded continuously from the day of deposit to the day of withdrawal and is credited monthly. To realize the effective annual yield, principal and interest must remain on deposit for a full year at the original rate. See our Terms and Conditions disclosure for the rules and regulations which apply to all of our accounts.

Ways to Open

In Branch:

Any type of Account, Any location, No Appointment Needed

Find Locations

Online:

Open an individual or joint personal checking or personal savings account online in about 10 minutes.

Open Now

What You Need:

We’ll need some information and identification to help you open your account, along with your initial deposit.

What You Need

Hometown Money Market Details:

Maintaining balances below $1,000 will change your APY. View Rates for details. View our terms and conditions and common fee schedule for more information.

Common Fee Schedule Consumer Terms & Conditions

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Home Equity Loan

A Home Equity Loan is a great borrowing option when you need a large fixed amount because it costs you less than most other methods to borrow.

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CD Specials

Boost your savings with our CD Rate Specials. Relax knowing you have guaranteed returns for your tomorrow.

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Savings

Hometown Savings

A great way to start to build up your savings, this account is simple by design, to make it easier to save.

Learn More
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*Please note to open an account online you must be 18 years or older and a Connecticut resident.

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