Ethan Riley
There are several good banks in Connecticut, with around 29 banks operating in the state as of 2025. The best bank for you will depend on your individual needs and preferences. Some of the most popular banks in Connecticut include Liberty Bank, Webster Bank National Assn, Bankwell Bank, Newtown Savings Bank, Jewett City Savings Bank, and Eastern Connecticut Savings Bank. These banks are known for their robust online banking platforms, customer-centric services, and personalized financial advice. In addition to traditional banks, credit unions such as Sikorsky Credit Union and Liberty Credit Union are also popular in Connecticut for their low fees, competitive interest rates, and flexible lending approaches. Ultimately, the best bank for you will depend on factors such as customer satisfaction, accessibility, and the range of financial products offered.
| Characteristics | Values |
|---|---|
| Number of banks in Connecticut | 29 |
| Types of banks | Regional, national, community, mutual, online |
| Popular banks | WEBSTER BANK NATIONAL ASSN, LIBERTY BANK, BANKWELL BANK, Newtown Savings Bank, Fairfield County Bank, Northwest Community Bank, Eastern Connecticut Savings Bank, First County Bank, Jewett City Savings Bank, The Milford Bank, Litchfield Bancorp, Bank of America, Wells Fargo |
| Factors for popularity | Customer satisfaction, accessibility, range of financial products offered, market presence, customer reviews, breadth of services, competitive interest rates, convenient branch locations, comprehensive digital services, robust financial offerings, seamless integration of in-person and online banking experiences |
| Credit unions | Sikorsky, Liberty, Ally |
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Liberty Bank
The bank offers consumer and commercial banking, home mortgages, insurance, and investment services. It also has a range of financial products, including personal loans of up to $50,000, great rates on CD and Money Market accounts, and various checking account options. Liberty Bank also offers an app that allows customers to improve their financial wellness by monitoring their credit score, categorizing transactions, and creating savings goals and budgets. The app also enables customers to move money, pay bills, and bank securely.
Reviews of Liberty Bank are generally positive. One customer praised the bank for having no account minimums or monthly fees, and for reimbursing out-of-network ATM fees. Another customer who had used Liberty Bank for years mentioned that they never had any problems with the bank.
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Jewett City Savings Bank
The bank has a strong commitment to the community and has been recognized for its contributions. In 2023, the bank's Commercial Lending team received an award from the Small Business Administration for the highest loan dollar volume as a 504 loan program third-party lender. Additionally, the Jewett City Savings Bank Foundation supports local non-profit organizations and has awarded grants to local emergency service providers.
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Newtown Savings Bank
The bank's marketing team, including Marc Massimino (Product Marketing and Development Manager) and Kathryn Korres (Senior Marketing Specialist), plays a crucial role in connecting with customers. They utilise various platforms and tools, such as geofencing, CRM, direct mail, and house holding, to effectively target current and potential customers.
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Credit unions
In Connecticut, Sikorsky Credit Union is recommended by a user on Reddit for its lack of fees and the small dividend it pays members each month. They also offer good rates on car loans. Liberty is another credit union that has been praised for having no minimum balance requirements or monthly fees, and they reimburse up to $10 for out-of-network ATM fees per month.
While credit unions may not have as many physical branches as larger banks, they can still provide convenient digital banking services. Additionally, some credit unions may have partnerships with other financial institutions, allowing members to access their accounts through shared branching or ATM networks.
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Online banks
Online banking is becoming an increasingly popular option for many, with some banks offering exclusively digital services. Here is a list of some of the online banks that are available in Connecticut:
Liberty Bank
Liberty Bank is a popular choice for many in Connecticut, with users reporting positive experiences and minimal fees. They offer a range of services, including checking accounts with no minimum balance fees, personal loans of up to $50,000, and mortgage options. Liberty Bank also reimburses other banks' ATM fees for select accounts. They have over 55 locations across the state and provide 24/7 digital banking services.
Ally
Ally is another online banking option that has been praised by a Connecticut resident, who claims that brick-and-mortar banks are unnecessary. Ally offers convenient services, such as easy ways to obtain a cashier's check and deposit cash through the app at CVS.
Schwab
Schwab is an online-only bank that offers physical locations for brokerage and financial advice services. They have a wide ATM network, and one user reported never paying any fees during their 15 years with the bank.
Connecticut Community Bank
Connecticut Community Bank, based in Fairfield County, offers personal and business banking services, including checking accounts, savings accounts, digital banking, business loans, and cash management. They have multiple locations across Connecticut, including in Darien, Greenwich, and Westport.
Torrington Savings Bank
Torrington Savings Bank provides online banking services and a mobile app that allows customers to view, monitor, and improve their credit score. They also offer educational resources, partnering with Greenlight during Financial Literacy Month to help parents raise financially literate children and teens.
These online banks offer a range of services and have been recommended by Connecticut residents, providing convenient and accessible banking options in the state.
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Frequently asked questions
Some banks in Connecticut include Bank of America, Jewett City Savings Bank, Newtown Savings Bank, Eastern Connecticut Savings Bank, Liberty Bank, and WEBSTER BANK NATIONAL ASSN.
Regional banks are known for their localized focus and strong relationships with customers. They offer personalized services and are familiar in the neighborhood, providing a sense of trust and community.
Yes, some banks in Connecticut offer online banking platforms and digital banking services. Liberty Bank, for example, offers digital banking and financial planning tools.
Yes, credit unions are available in Connecticut. Sikorsky Credit Union, for example, offers no fees and provides a small monthly dividend to its members.
When choosing a bank in Connecticut, consider factors such as customer satisfaction, accessibility, the range of financial products offered, competitive interest rates, convenient branch locations, and comprehensive digital services.
