Smart Choices for Savings

All of our Savings Programs Provide:
  • Competitive rates
  • 24-hour access via Online Banking, Mobile Banking or Info-Phone
  • Are Federally Insured by the NCUA
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ROTH IRA E-Brochure
TRADITIONAL IRA E-BROCHURE
Accumulator Money Market e-brochure
Bright Future e-brochure
Savings e-brochure
READ OUR FUNDS AVAILABILITY POLICY

Regular Shares

Our Regular Share Account establishes your Charter Oak membership and provides a solid foundation for your financial portfolio. This simple, flexible account allows unlimited deposits and withdrawals.

Bright Future Savings Account

A savings account for young adults to earn a higher yield for a “bright future.” Member must be between the ages of 14-28 to open a Bright Future Savings Account+.

CLICK HERE FOR INFORMATION & RATES
+The Bright Future Savings Account is a “Split Rate Tiered” account. 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 14-28. After reaching the 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 This offer can be withdrawn at any time.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 Account per Social Security number.

Jumbo Money Market Account

You can earn even higher rates while enjoying easy access to your money. Jumbo Money Market Accounts have no maximum limit and are available for personal, IRA or business accounts.

Accumulator Money Market Account

Make your savings work smarter! We’ve taken the great rates and protections of a money market account and made them even more accessible.

Learn more about the Accumulator Money Market Account

Club Accounts

Want to save for a special purpose such as holiday shopping or a special vacation? A Club Account lets you work towards your goal gradually. We can set up automatic transfers to make the process easier.

Share Certificates

Choose a term to fit your timetable, and earn some of our highest rates. A Share Certificate provides steady, guaranteed growth for your regular savings or your IRA.

Special 7-Month and 20-Month Certificate Offers!

Looking for a certificate with a longer term and higher rate, which provides steady guaranteed growth? Look no further and click below for more information!

LEARN MORE ABOUT CERTIFICATES THAT CLICK!

Health Savings Accounts (HSAs)

HSAs are an innovative way to manage health care costs, combining a High Deductible Health Plan (HDHP) with a tax-advantaged medical savings account and a high rate!

If you make the contributions yourself, you can claim a tax deduction.* The earnings are tax-free, and distributions may be tax-free if used for qualifying medical expenses. The funds in the account are carried over from year to year, and your HSA stays with you if you change employers or leave the work force.

*Please consult with your tax advisor.

LEARN MORE ABOUT HSAs

Individual Retirement Accounts (IRAs)

An IRA is a tax-advantaged account* with valuable and unique benefits for your
long-term goals. Contributions can be deposited into an IRA Share account, IRA Jumbo Money Market Account or an IRA Certificate. See Deposit Rates for a rate and term which best suits your needs.

Charter Oak offers several different types of IRAs:

Traditional IRAs offer an immediate tax benefit for qualified taxpayers, since contributions may be fully or partially deductible. The money in your Traditional IRA (including earnings) is generally not taxed until you make a withdrawal.

Roth IRAs do not offer a deduction for your contributions. However, as long as you follow the IRS requirements, you may never have to pay tax on your earnings. Early withdrawals are allowed under certain conditions.

SEP IRAs provide an easy way for employers and self-employed individuals to set up a retirement account, with higher contribution levels than Traditional or Roth IRAs in many cases.

*Please consult your tax advisor.

​To learn more please call our Contact Center at 860.446.8085 or toll free at 800.962.3237, or stop by any Charter Oak branch.

ENJOY THESE GREAT OFFERS

Savings Accounts

EARN 1.50% APY* ON OUR HSA ACCOUNT

*APY = Annual Percentage Yield

Auto Loans

AUTO LOAN RATES AS LOW AS 2.74% APR**

**APR = Annual Percentage Rate

Checking Accounts

EARN 3.00% APY* ON GO CHECKING

*APY = Annual Percentage Yield

ACCELERATOR MORTGAGE AS LOW AS 2.79%/2.85% APR**

**APR = Annual Percentage Rate