Savings accounts to grow your money and your confidence.

Our savings accounts are a great way to save for the future. Watch your money grow with competitive interest rates that go up as your balance grows. Stay in control of your finances with unlimited access to your money and low-to-no minimum balances or monthly service charges. Ready to turn your savings up? We’ve made it easy to open an account online or in any of our Connecticut locations.

Compare Our Savings Accounts

With convenient access to your money and no-to-low minimum balances, you’ll find plenty of encouragement to save with Liberty Bank. All of our accounts offer:

  • Free online and mobile banking
  • ATM card access
  • 24/7 telephone banking
  • Rates that grow as your balance grows

Cinch℠ Savings

Club Savings

Overdraft Savings
Free use of Liberty and non-Liberty ATMs1 Make regular deposits and we’ll mail you a check for your balance, plus interest, in October—just in time for holiday shopping Automatically transfers funds to cover overdrafts (requires a Liberty Bank checking account)
Open a Cinch Account  To open an account, visit a Liberty branch. Open Overdraft Savings
Minimum balance to avoid monthly maintenance service charge $0 $0 $1002
Monthly maintenance service charge $0 $0 $33
Minimum opening deposit $25 $5 $25
Statements4

Free eStatements
$2 paper

Free eStatements
$2 paper

Free eStatements
$2 paper

Disclosures

If the account owner is under the age of 16, the account must be a joint with a parent or guardian.

  1. Other banks may charge you to use their machine. We do not rebate these ATM surcharges.
  2. If at any time during the statement period your balance falls below the Required Minimum Daily Balance, you will be assessed a Monthly Maintenance Service Charge.
  3. Fee waived if the primary account owner is 65 years of age or older, or 18 and under.
  4. Account owners age 65 or over, Individual Development Accounts, Health Savings Accounts, IRA Money Market Fund, and Lease Security - Tenant are exempt.

Savings Rates

Account NameInterest RateAPY¹
Cinch℠ Savings
$25,000+ 0.1% 0.1%
$10,000 - $24,999.99 0.05% 0.05%
$.01 - $9,999.99
 0.05% 0.05%
Club Savings
$50,000+ 0.15% 0.15%
$25,000 - $49,999.99 0.1% 0.1%
$10,000 - $24,999.99 0.05% 0.05%
$.01 - $9,999.99 0.05% 0.05%
Overdraft Savings
$75,000+ 0.15% 0.15%
$50,000 - $74,999.99 0.1% 0.1%
$25,000 - $49,999.99 0.1% 0.1%
$10,000 - $24,999.99 0.05% 0.05%
$.01 - $9,999.99 0.05% 0.05%

Looking for rates for other Liberty Bank accounts? View all of our rates.

Disclosures

Rates are effective as of May 17, 2023.

  1. The Interest Rate and Annual Percentage Yield (APY) are as of the effective date and are subject to change without notice. May be subject to 1099 reporting. Fees may reduce earnings.

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With Liberty Bank, you're going places. In this case, to a different website.

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Disclaimer: Links to third party sites are provided for your convenience. These sites are not within the control of Liberty Bank and may not follow the same privacy, security, or accessibility standards as Liberty Bank. Liberty Bank does not warrant any offerings from the third party providers, nor is Liberty Bank responsible for the security, content or availability of any third party sites, or their partners.

Disclaimer: Links to third party sites are provided for your convenience. These sites are not within the control of Liberty Bank and may not follow the same privacy, security, or accessibility standards as Liberty Bank. By accessing the SmartLenders Program via the provided link, you acknowledge the SmartLenders Program is not under the control of Liberty Bank. Liberty Bank does not warrant or endorse any offerings from third party providers, nor is Liberty Bank responsible for the security, content or availability of any third party sites or their partners including SmartLenders or the lenders that may be accessed by you through your use of the SmartLenders Program (the “Lenders”). Under no circumstances will Liberty Bank be responsible for any damages arising from the transactions between you and any Lenders or for any information appearing on SmartLenders’ site. SmartLenders will provide Liberty Bank with the following information about your application: applicant name; type of company; email address; loan amount requested; and progress status toward approval and funding. Liberty Bank may use this information to monitor your experience with SmartLenders and market Liberty’s services to you.