• Risk-free savings option with guaranteed earnings
• Interest compounded daily
• Interest payments can be added back to CD, paid by check, or deposited into another Bank of Newington account for maximum convenience
• Set funds aside for future savings goals
• Enjoy rates higher than standard savings rates
• No setup fees or monthly service fees
• Penalties may apply for early withdrawals. Early withdrawals may result in a penalty of 6 months of interest earnings.
• FDIC insured up to $250,000
• $5,000 minimum deposit to open

*Annual Percentage Yield effective as of 6/02/2023. Promotional rate does not apply to government or institutional funds.