Savings

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Higher interest with fixed rates

When it comes to building your savings, opening a traditional CD can be a smart move. As a longer-term savings option you’ll earn higher interest. And with fixed rates and terms, higher returns are guaranteed.  What’s more, many of our CDs are available as IRAs, which makes them a great option for retirement savings.

  • Wide range of interest rates and terms
  • Better rates with Premier or WebsterOne® checking
  • Interest is compounded and credited monthly
  • Automatic monthly interest payment option
  • IRA options
  • FDIC insurance for peace of mind
  • $1,000 minimum deposit

Compare Our CD Products + Rates

Open an account

Key Features:

Preferred Rates

Preferred Rates

Get higher rates with Premier
or WebsterOne checking.

Short and Long-Term Options

Short and Long-Term Options

From 1 month to 5 years.

Guaranteed Returns

Guaranteed Returns

Security you can rely on.

Easy Start-up

Opens with just $1,000.

  1. CD Early Withdrawal Penalty: If any portion of the principal balance is withdrawn from your CD prior to the maturity date, an early withdrawal penalty will be imposed as permitted by law. If the term of your CD is one year or less, the penalty will be equal to 1% of the amount withdrawn plus $25. If the term of your CD is greater than one year, the penalty will be equal to 3% of the amount withdrawn plus $25.

4 Easy Ways to Get Involved in America Saves Week and Start Saving

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Commit to Start Saving During America Saves Week

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Worth every penny, and more.

It can take commitment and planning to save, whether it’s for a short-term goal or for the long term. At Webster, we ensure you’re in the right account for your needs, so your balance, and even your interest rate, can be working hard for you. After all, you work hard for what you earn, and save.

See accounts by features and requirements. And when you’re ready to open one, our process is simple.

Compare Our Savings Rates

Pair your Premier Checking account with our highest yield savings account.
Offers our highest rates
  • Dedicated customer service line for Premier customers
  • Our highest savings rates plus no service charges
  • Minimum opening balance: $5

Learn more

Put your savings account to work. As your balance grows, so does your interest rate.
Save more to earn more
  • Especially for WebsterOne Relationship Checking customers
  • Easy access to your money with unlimited banking center withdrawals
  • Minimum opening balance: $5

Learn more

A money market account offers a hassle-free way to grow and access your money, no checking account required.
A safe place to grow your money
  • Access your money with online banking, link to external accounts, and get unlimited banking center withdrawals
  • No monthly service charge with an average daily balance of $2500 or more
  • Minimum opening balance: $1,500

Learn more

When you’re ready to start saving, a Webster Value Savings account makes it easy.

Smart saving starts here

  • It’s easy to earn a higher interest rate. Just make a monthly automatic transfer from your Webster checking account of $25 or more.
  • Each account includes an ATM card, online and mobile banking6, and alerts7
  • Minimum opening balance: $5.00

Learn more

Save for the holidays, or any goal or event, with our help. Set your goal, make automatic deposits, and receive the balance every October.

Competitive rates to help you reach your goal

  • Establish a goal and start an automatic savings program
  • Receive a check for your balance on the third week of each October.
  • Minimum opening balance: $5
  • No monthly service charge

Learn more

IRAs

See the latest rates on retirement savings accounts.

Learn more

Webster
CDs

The longer your term, the higher your interest rate.

Learn more

Health Savings
Accounts

Set money aside for medical and dental expenses.

Learn more
  1. Premier Savings: Minimum opening balance is $5. No monthly service charge. Must have a Premier Checking account or account will default to a Webster Value Savings account interest rate. Interest is expressed as Annual Percentage Yield (APY) and is compounded and credited monthly.

  2. WebsterOne® Savings: Minimum opening balance is $5. Monthly service charge is $5 but it will be waived if you maintain a $300 minimum daily balance OR are under age 21 or are 65 or more. Must have a WebsterOne® Checking account or account will default to a Webster Value Savings account interest rate. Interest is expressed as Annual Percentage Yield (APY) and is compounded and credited monthly.

  3. Premium Money Market: Minimum opening balance is $5. Monthly service charge is $12.00. No monthly service charge with minimum daily balance of $2,500 or more. Interest is expressed as Annual Percentage Yield (APY) and is compounded and credited monthly.

  4. Webster Value Savings: Minimum opening balance is $5. Monthly service charge is $5 but it will be waived if you maintain a $300 minimum daily balance, OR are a primary owner of a Webster Checking Account, OR are under age 21 or are 65 or more. Interest is expressed as Annual Percentage Yield (APY) and is compounded and credited monthly.

  5. Holiday Club Savings: Minimum opening balance is $5. No monthly service charge. Interest is expressed as Annual Percentage Yield (APY) and is compounded and credited quarterly.

  6. Mobile App: Our app supports Android 2.2+ and iPhone/iPad iOS 4.3.5+. Apple, the Apple logo, iPhone and Apple Watch are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay and Touch ID are trademarks of Apple Inc. Android is a trademark of Google Inc.

    Mobile Deposit Limits: We may establish limits that apply to the amount of any individual check, the dollar amount and number of checks that may be deposited in a day, and the dollar amount of checks that may be deposited in a multi-day period. To learn more, see the Webster Mobile Deposit Terms and Conditions. Subject to eligibility requirements. Not available with Opportunity Checking.

    Mobile Banking: You must be enrolled in Webster Online Services to use Webster Mobile Banking. Message and data rates may apply. Check with your mobile services provider for any charges that may apply for data usage on your mobile device.

  7. Balance Alert Notifications: Balance alert notifications will not be sent between the hours of 11:00 pm and 6:00 am EST. There are no fees assessed by Webster for this service. Message and data rates may apply. Check with your wireless or internet service provider for any charges that may apply for data usage.

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