Whatever your personal goals, Chelsea Groton provides a complete menu of savings products offering competetive rates and diverse terms, protected by the Federal Deposit Insurance Corporation (FDIC) up to $100,000 per account. Our savings products include:

Passbook Savings

Statement Savings

Certificates of Deposit (CDs)

Individual Retirement Accounts (IRAs)

Education Savings Accounts (ESAs)
 
 

Passbook Savings
A savings passbook is used to record transactions for the account.

Statement Savings
A monthly statement is mailed to you so that you can record your transactions.

Certificates of Deposit (CDs)
This product is a passbook savings account set aside and locked in at a higher interest rate for a designated amount of time.

Individual Retirement Accounts
Traditional and Roth IRA’s are available. You can make your annual contributions into these plans as well as rollover and transfer assets from other plans. Allow us to consolidate your retirement accounts.

Education Savings Accounts
College Savings Programs such as the Coverdell Education Savings Account provide tax free growth to maximize your education savings program. Save for a child, grandchild or other loved one’s higher education needs and maintain control of your assets while reaping significant tax benefits. 

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Convenience Services
Chelsea Groton provides an array of services to help simplify your life. You can add any of the following options to our checking accounts or statement savings accounts to create a package that meets your individual needs.

ATM / Debit Card
Access your checking or statement savings account with either card. The Debit card enables you to make purchases with the funds coming directly out of your checking account.

Direct Deposit
When you have checks coming to you - including paychecks, social security, dividend, pension, government checks - have them automatically deposited into your checking and/or statement savings account with us. It's not only the safest and most convenient way to make deposits, it's also the fastest. You can access your money on the day of deposit.

TeleBanking
From any touchtone phone, at any time, you can transfer funds between statement accounts, pay loans; check balances, recent transactions, and checks that have cleared your account. You can also get information about interest rates, branch locations and office hours. Just call (860) 448-4288, (860) 823-4884 or (800) 816-2472 (out of state).

Automatic Transfer
Just sign up and we'll automatically transfer funds from a checking or savings account to another deposit account or to pay a loan.

Consolidated Statements
If you'd like, you may have the balances of all of your Chelsea Groton savings, CD or loan accounts printed right on your checking statement.  Certain conditions may apply.

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