New Haven Bank is Proud to be a Community
Development Financial Institution.
Community Development Financial Institutions (CDFIs) are financial institutions that are dedicated to
promoting economic development by providing financial products and services to underserved people
and communities. There are only 195 federally insured financial institutions in the country recognized as a CDFI, and New Haven Bank is the only one so designated in New Haven and the state of Connecticut.
The mission of these specialized community-based financial institutions is to develop long-term
relationships with the communities they serve in order to promote financial literacy and deliver affordable
loans for community members and small businesses. Through helping citizens become more financially self-sufficient, CDFIs serve as catalysts for economic growth through community redevelopment.
Contact us at (203) 285-6490 or Online.
* The Annual Percentage Yields (APYs) are accurate as of 9/24/24. Limited time offer is available to residents and businesses of West Haven, Orange, and Milford, CT. Rates are subject to change at any time. Minimum balance to open and earn APY is $500. To earn the best rate, both accounts - checking and CD - must be opened at the same time. Fees could reduce earnings. Early withdrawal penalties apply. Funds must represent a new deposit to New Haven Bank. CD will renew at the standard 6-month rate and term at that time.
** Limited time offer is available to residents and businesses of West Haven, Orange, and Milford, CT. Funds must represent a new deposit to New Haven Bank. Personal Offer: $25 minimum balance to open. $50 promotional offer for maintaining a minimum average monthly balance of $500 in addition to receiving Direct Deposit AND eStatements within 60 days of account opening ($50 will be credited to the account by the last business day of the statement cycle following the 60th day the account has been open). $100 loyalty bonus will be paid after the account has been open for 12 months ($100 will be credited to the account by the last business day of the statement cycle following the 365th day the account has been open). Business Offer: $50 minimum balance to open. $150 loyalty bonus will be paid after the account has been open for 12 months and maintained a minimum average monthly balance of $2,500 ($150 will be credited to the account by the last business day of the statement cycle following the 365th day the account has been open).