SCHOLARSHIP PROGRAM

 

WE ARE NOW ACCEPTING SCHOLARSHIP APPLICATIONS!

We will be awarding $90,000 in college scholarships this spring. Students are encouraged to apply now through March 15th for a chance to win a $2,000 college scholarship. 

This unique scholarship program will reward at least one high school senior from each eligible high school in New London and Windham counties. Most high school applicants will essentially be competing against their peers, rather than competing with students throughout eastern Connecticut. Current or prospective college students are welcome to apply too!

Two applications are available. Please complete the application that best describes your situation. 

*Please review our program guidelines prior to completing the application to ensure that you qualify for a $2,000 college scholarship. Unfortunately, applications cannot be saved and completed at a later time. All applicants will be required to submit an essay and highlight their community involvement and/or extracurricular activities. We no longer require letters of recommendation, but will accept up to three recommendation letters per applicant. All attachments should be sent to us in ONE email using the following format for the subject line: Last Name, First Name.    


Not only can we help ease the burden of college expenses by offering our scholarship program, but we can offer you a great option to save and smart ways to borrow!

  • Bright Future Savings Account: Earn 5.00% APY** on the first $2,000.00 of your balance! Now available to members between the age of 14 and 28! Learn more!

  • Student Lending Options via Sallie Mae: We are partnering with Sallie Mae to offer our members their Smart Option Student Loans. Find out more today!

 

**(APY = Annual Percentage Yield) The Bright Future Savings Account is a "Split Rate Tiered" account. You will earn the stated APY only for the account balance within each tier. 5.00% APY is paid on balances up to $2,000.00. Balances over $2,000.00 earn 0.25% APY. The account is a variable rate account and rates can change at any time. This account may only be opened by members between the ages of 14 and 28. After reaching age of 29, account will remain open at the discretion of the account holder. This offer can be withdrawn at any time. No minimum to open. Limit of one Bright Future Savings Account per Social Security number.


Financial Literacy

Charter Oak also gives back to the community by promoting financial education and awareness. Our two high school branches (located at Killingly High School in Dayville and Robert E. Fitch Senior High School in Groton) employ students interested in careers in financial service, and encourage students to start saving for the future.
 

Enjoy these great offers!

 

EARN
 

2.30%apy*


ON A 7-MONTH

CERTIFICATE



 


 

FIND OUT MORE

 

 

 

 

 

* APY = Annual Percentage Yield

 

EARN
 

2.00%apy*


ON A 20-MONTH

CERTIFICATE





 

FIND OUT MORE

 

 

 

 

 

* APY = Annual Percentage Yield

 

EARN

 

3.00%apy*


ON GO CHECKING

UP TO $10,000


ATM  REBATES AND MUCH MORE!
 


 

FIND OUT MORE

 

 

 

*APY=Annual Percentage Yield

 

ACCELERATOR MORTGAGES
AS LOW AS

3.59%  /
3.65%apr**


 

FIND OUT MORE

 

 


 

 

** APR = Annual Percentage Rate