Best Banks in Connecticut
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
Connecticut has a variety of banks and credit unions that cater to every kind of customer. The state itself includes urban, suburban and rural areas, with a wide range of income levels, and banking options reflect this diversity. This guide to the best banks in Connecticut reviews the top options in the state for checking, savings and certificate of deposit (CD) accounts.
Show More
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased bank reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our in-depth bank review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
TOP CONNECTICUT BANKS AT A GLANCE
Bank/Institution
Savings APY
Notable Highlights
Find Out More
Detailed Reviews of the Best Banks in Connecticut
The bank you use can play a big role in your financial journey. These are some of the best Connecticut banks to consider.
Gold Winner: Citizens Bank
Citizens Bank is headquartered in nearby Rhode Island, and has 1,000 branches in 14 states and D.C., along with 3,000 ATMs. There are 30 locations in the state, making it one of the best banks in Connecticut for availability.
Citizens Bank offers personal and commercial banking, including deposit accounts, loans and wealth management services.
Best For
Mobile App
No Minimum Deposit
Wealth Management
Loan Options
Credit Cards
The More You Save, the More You Earn
Citizens Bank stands out for its blend of nationwide reach in key regions and perks for loyal customers. Whether you're managing everyday banking, planning a major purchase or running a business, the bank's wide product lineup and personalized guidance make it a versatile choice for a variety of financial needs.
Total Branch Locations
More than 1,100
Mobile App Rating
4.7 on the Apple App Store and Google Play
Other Products Offered
Checking, savings, credit cards, home loans, student loans, wealth management, business accounts, investment management
Pros
- Many branch and ATM locations
- CitizensPlus loyalty program offers benefits for your checking account if you have a larger balance
- Complimentary personalized guidance from a Citizens Bank professional
Cons
- Low APYs for Citizens Bank's savings accounts
- High $25,000 minimum deposit requirement to get the highest CD rates, and they aren't the most competitive
- Branches aren't spread throughout the country
Why We Like Citizens Bank
Citizens Bank has a vast footprint in the New England, Mid-Atlantic and Midwest regions with more than 1,100 branches and 3,400 ATMs. The CitizensPlus loyalty program opens a lot of opportunities to save money, such as with mortgage discounts, home equity line of credit discounts, a credit card fee reduction, student loan discounts and personalized financial advice.
Show Pros, Cons and More
Hide Pros, Cons and More
Silver Winner: Liberty Bank
Liberty Bank has been in business since 1825 and now has 53 locations in Connecticut. Popular with customers and employees alike, it has been named a “Top Workplace” by the Hartford Courant every year since 2012.
Liberty Bank is a mutual bank — owned by customers rather than shareholders. It’s the largest and oldest mutual bank in the country.
Best For
Mobile Banking
Low Monthly Fees
Loan Options
Credit Cards
Business Banking
High Interest Rates on Savings Accounts and CDs
Liberty Bank offers interest rates of up to APY on savings accounts, making it a great place to park your emergency fund. You can also earn APY on a 6-month CD.
Total Branch Locations
Over 50
Mobile App Rating
4.7 on the Apple App Store and 4.4 on Google Play
Other Products Offered
Checking, savings, money market, CDs, mortgages, home equity, personal loans, credit cards, business banking, investment services for individuals and businesses
Pros
- Owned by customers, not shareholders
- Gives back to the community
- In business for 200 years
Cons
- Interest rates on smaller accounts are low
- Branch locations in Connecticut and Massachusetts only
Why We Like Liberty Bank
Liberty Bank offers a full suite of banking products and services and competitive rates on deposits and loans. It’s a true community bank, operating for the benefit of customers and giving back to the local area. It’s a great example of a bank that is doing well by doing good, putting it among the best banks in Connecticut.
Show Pros, Cons and More
Hide Pros, Cons and More
Bronze Winner: KeyBank
KeyBank stands out among the top banks in Connecticut for its fee-free checking and savings accounts.
KeyBank is a good choice if you want to do all your banking in one place. You can combine your balances from deposit accounts and loans to qualify for their best rates. There are branches in 15 states and you have access to 40,000 KeyBank and All Point ATMs.
Best For
Mobile Banking
Low Monthly Fees
Personal Loans
Credit Cards
Interest Checking
Low-Fee Savings and No-Fee Checking Accounts
KeyBank stands out for its impressive selection of checking and savings accounts with benefits smaller banks rarely offer. Key Select checking customers enjoy a APY plus a $100 annual bonus with qualifying direct deposits.
Total Branch Locations
Over 1,000
Mobile App Rating
4.7 on the Apple App Store and 4.6 on Google Play
Other Products Offered
Checking, savings, CDs, credit cards, personal loans and lines of credit
Pros
- Comprehensive selection of accounts
- Bonus and rewards programs
- Low- and no-fee options
- Large network of ATMs
Cons
- High fees on some accounts
- Only one interest-bearing checking account
- Branch access is limited
- High overdraft fee
Why We Like KeyBank
KeyBank offers a well-rounded selection of checking and savings accounts with perks like automatic savings, early pay and overdraft forgiveness for overdrafts of $20 or less. Customer service for online and mobile banking is available by phone seven days per week, and you can make an appointment at your local branch to meet face-to-face with a representative.
Show Pros, Cons and More
Hide Pros, Cons and More
Best Banks
Best Checking Accounts
Best Savings Accounts
CD Account Rates
Best Money Market Accounts
Research Methodology
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 14, 2025.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
How To Choose the Right Bank in Connecticut
Residents of Connecticut can choose from nearly every type of bank there is, from large, national banks to regional institutions to smaller community banks and credit unions. To choose the one that’s best for you, start by considering what’s important to you.
- Do you want all your accounts in one place?
- Do you want the very best rate, even if it means using different banks?
- Can you meet the requirements to avoid bank fees or do you want a bank that has no-fee options no matter what?
- Is it important to you that your bank is a good employer and a good neighbor in your community?
Bottom Line
Finding the best bank in Connecticut comes down to knowing your priorities. Once you’ve compared your options and found a bank that fits your needs, you can feel confident you’re making a choice that will support your financial goals for years to come.
FAQs About Banking in Connecticut
Here’s more information to help you find the best Connecticut bank for your needs.- What is the best bank for high-yield savings in Connecticut?
- There are several online banks with high-yield savings rates, which you can take advantage of if you live in Connecticut.
- If you’re looking for a bank with branches in the state, Liberty Bank offers up to 4.00% APY on savings, if requirements are met.
- Which banks have the most ATMs in Connecticut?
- Large national banks like Bank of America and Capital One have large ATM networks, including in Connecticut. Other banks, like KeyBank, use the AllPoint ATM network, which has 40,000 ATMs nationwide.
- Are there any banks in Connecticut with no monthly fees?
- Yes. Citizens Bank, Liberty Bank and KeyBank offer checking and savings accounts with no fees, although you may have to meet certain conditions, such as a minimum balance or direct deposit.
More Resources for Banking
Best Banks
Best Checking Accounts
Best Savings Accounts
CD Account Rates
Best Money Market Accounts
Karen Doyle contributed to the reporting for this article.
See Best Banks Winners From All Categories
