Northwest Community Bank savings, CD and money market rates
Northwest Community Bank's Tenant/Agent Savings advertises 0.49% APY. That is 0.11 percentage points above the national savings average of 0.38% (FDIC, Oct 2026).
Ranked #1313 of 3150 tracked savings rates by advertised APY. For a $10,000 balance it would rank #1081.
Estimate your earnings·What Northwest Community Bank actually pays
Northwest Community Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 0.49% · Tenant/Agent Savings |
| Minimum to open | $5 · Tenant/Agent Savings |
| Against the national average | 0.11 percentage points above the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 4.20% · 21 months · 21 Month Time Deposit |
| Minimum to open | $500 · 21 months CD |
| Money market | |
| Top money market APY | Up to 2.02% · Total Money Market · needs at least $100,000 |
| Minimum to open | $1,000 · Total Money Market |
| Against the national average | 1.39 percentage points above the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 18229 · Winsted, CT |
|---|---|
| Website | www.nwcommunitybank.com |
| Branches | 15 branches in CT |
| Availability | Available in CT |
Northwest Community Bank savings, CD and money market rates
Personal
How the rate applies
How the rate applies
How the rate applies
IRA
Business
How the rate applies
How the rate applies
Rates are annual percentage yields (APY). A variable rate may change after the account is opened. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal.
The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Northwest Community Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 3 months | 3.70% | $500 | 3 Month Time Deposit |
| 5 months | 4.00% | $500 | 5 Month Time Deposit |
| 6 months | 2.00% | $500 | 6 Month Time Deposit |
| 7 months | 4.00% | $500 | 7 Month Time Deposit |
| 9 months | 2.00% | $500 | 9 Month Time Deposit |
| 11 months | 4.10% | $500 | 11 Month Time Deposit |
| 12 months | 2.00% | $500 | 1 Year Time Deposit |
| 15 months | 4.15% | $500 | 15 Month Time Deposit |
| 18 months | 4.15% | $500 | 18 Month Time Deposit |
| 21 months | 4.20% | $500 | 21 Month Time Deposit |
| 24 months | 3.75% | $500 | 2 Year Time Deposit |
| 36 months | 3.75% | $500 | 3 Year Time Deposit |
| 48 months | 3.75% | $500 | 4 Year Time Deposit |
| 60 months | 3.75% | $500 | 5 Year Time Deposit |
Interactive Tool
Calculate Savings for Northwest Community Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$19.60(0.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,019.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Northwest Community Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Northwest Community Bank paid a higher average rate on savings and money market deposits than 62% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Northwest Community Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Student Savings Club Account | Up to 2.53% | $5 | $0 | $1,000 | not stated | not stated | Tiered | |
| Fine print: The highest rate applies only to the first $1,000.00 of the balance. The part of the balance above $1,000.00 earns the lower rate. | ||||||||
| Tenant/Agent Savings | 0.49% | $5 | $0 | None | not stated | not stated | One rate | |
| Savings/UTMA Savings | 0.05% | $5 | $0 | None | Monthly maintenance service charge waived with an average daily balance of $250 (waived if under age 18) | not stated | One rate | |
| Fine print: The monthly maintenance service charge is waived with an average daily balance of $250. It is also waived for an account holder under age 18. | ||||||||
| Transaction Savings | 0.05% | $5 | $0 | None | not stated | not stated | One rate | |
| Holiday Club Account | 0.05% | $1 | $0 | None | not stated | not stated | One rate | |
| Vacation Club Account | 0.05% | $1 | $0 | None | not stated | not stated | One rate | |
| Health Savings Account | 0.05% | $0 | $0 | None | not stated | not stated | Tiered | |
| Total Money Market | Up to 2.02% | $1,000 | $0 | None | No monthly service charge with average daily balance of $1,000., can be waived | not stated | Tiered | |
| Fine print: The monthly service charge is waived with an average daily balance of $1,000. | ||||||||
| Money Market | Up to 0.50% | $1,000 | $0 | None | No monthly service charge with average daily balance of $1,000., can be waived | not stated | Tiered | |
| Fine print: $1,000 is required to open. The lowest rate band ends at $999.99, below the opening minimum. No monthly service charge with an average daily balance of $1,000. | ||||||||
| IRA | ||||||||
| IRA Savings | 0.05% | $5 | $0 | None | not stated | not stated | Tiered | |
| Business | ||||||||
| Total Business Money Market | Up to 2.02% | $2,500 | $0 | None | not stated | not stated | Tiered | |
| Business Money Market | Up to 0.60% | $2,500 | $0 | None | $10 monthly maintenance service charge waived with a daily balance of $2,500 or more. | not stated | Tiered | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| 3 Month Time Deposit | 3 months | 3.70% | $500 | not stated | not stated |
| 5 Month Time Deposit | 5 months | 4.00% | $500 | not stated | not stated |
| 6 Month Time Deposit | 6 months | 2.00% | $500 | not stated | not stated |
| 7 Month Time Deposit | 7 months | 4.00% | $500 | not stated | not stated |
| 9 Month Time Deposit | 9 months | 2.00% | $500 | not stated | not stated |
| 11 Month Time Deposit | 11 months | 4.10% | $500 | not stated | not stated |
| 1 Year Time Deposit | 12 months | 2.00% | $500 | not stated | not stated |
| 15 Month Time Deposit | 15 months | 4.15% | $500 | not stated | not stated |
| 18 Month Time Deposit | 18 months | 4.15% | $500 | not stated | not stated |
| 21 Month Time Deposit | 21 months | 4.20% | $500 | not stated | not stated |
| 2 Year Time Deposit | 24 months | 3.75% | $500 | not stated | not stated |
| 3 Year Time Deposit | 36 months | 3.75% | $500 | not stated | not stated |
| 4 Year Time Deposit | 48 months | 3.75% | $500 | not stated | not stated |
| 5 Year Time Deposit | 60 months | 3.75% | $500 | not stated | not stated |
Opening and using the account
| Availability | Available in CT |
|---|---|
| Footprint | 15 branches in CT |
| Eligibility | not stated |
How Northwest Community Bank behaves over time
Every observation of the advertised Tenant/Agent Savings rate in the last 12 months was 0.49% (observed through Nov 2, 2026). The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Oct 7, 20263 Month Time DepositRaise:3.45%to3.70%
- Obs. Oct 7, 20265 Month Time DepositRaise:3.60%to4.00%
- Obs. Oct 7, 20267 Month Time DepositRaise:3.60%to4.00%
- Obs. Oct 7, 202611 Month Time DepositRaise:3.75%to4.10%
- Obs. Oct 7, 202615 Month Time DepositRaise:3.80%to4.15%
- Tenant/Agent Savings
- The same as 30 days ago.
- 21 months CD
- Up 0.35 percentage points from 30 days ago.
$10,000 at the 0.49% APY Northwest Community Bank advertises on Tenant/Agent Savings grows to $10,049 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,687 does today. See how the federal funds rate shapes savings rates.
Northwest Community Bank CD rates over time
Who is Northwest Community Bank?
| Headquarters | Winsted, CT |
|---|---|
| Founded | 1875 |
| Scale | $1.3B assets · $1.1B deposits, $859M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 18229 |
| Charter state | Connecticut · one of 27 insured banks chartered there (Q2 2026, FDIC) |
| Size | 861st-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 50% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Northwest Community Bank pays on deposits above.
Common questions about Northwest Community Bank
Is Northwest Community Bank FDIC insured?
Yes. Northwest Community Bank is FDIC insured under certificate 18229, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Northwest Community Bank?
Northwest Community Bank requires a minimum deposit of $5 to open its Tenant/Agent Savings account, as observed on Nov 2, 2026. Check the bank's current terms before you open an account.
Does Northwest Community Bank have branches?
Yes. Northwest Community Bank operates 15 branches according to FDIC branch records, in addition to its website and mobile apps.
Northwest Community Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Northwest Community Bank | 0.49% | 1.75% | $5 | 15 branches in CT |
| AbbyBank | 0.50% | 1.34% | $0 | 9 branches in WI |
| Adams State Bank | 0.50% | not stated | $25 | 1 branch in NE |
| Bank of Colorado | 0.50% | 1.53% | $200 | 60 branches in AZ, CO, NM |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Northwest Community Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Connecticut, nearest to Northwest Community Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: savings rates in Connecticut, CD rates in Connecticut, money market rates in Connecticut, and banks in Connecticut.