Taxes

• Charitable Giving
  Essex Savings Bank customers can enjoy payroll direct deposit, electronic collection of dues, tuition, charitable contributions, premiums, rental fees and more! Businesses can save significant fees by collecting funds through the ACH. Fees are reduced through ACH vs. merchant credit card exchange fees, as well as from bank service charges on returned ACH items vs. returned checks. Clearing time is quick, and wire transfer fees can be avoided.
• Real Estate Taxes
  These rates are not guaranteed and are subject to change without notice. This is not a credit decision or a commitment to lend. The payment per $1,000.00, as shown below, assumes that the purpose of the loan is to purchase or obtain a limited cash out refinance of a single family home to be used as a primary residence with a loan amount of $100,000 and an estimated value of $166,667 – and a loan-to-value of not more than 60% (higher loan-to-values are available; however, rate may vary). An escrow (impound) account may be required. If an escrow account is required or requested, the actual monthly payment obligation will be greater, as it will also include amounts for real estate taxes and/or homeowner’s insurance premiums. Your actual rate will depend on various factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size. Please contact a Mortgage Loan Officer to determine if your Connecticut property is located within the Bank’s lending area.

Investment

• Wealth Management
  Our broad array of banking services includes personal deposit accounts, residential mortgages, commercial lending and related depository products. In addition to traditional banking services, the Bank has a trust department and a wealth management firm to support all aspects of your financial well-being. Our experienced and knowledgeable staff always use a consultative approach to determine the products and services most suited to your individual needs.

Planning

• Retirement Planning
  Essex Savings Bank is an FDIC-insured, state-chartered, mutual savings bank established in 1851. The Bank serves the Connecticut River Valley and shoreline with six offices in Essex (2), Chester, Madison, Old Lyme, and Old Saybrook providing a full complement of personal and business banking. Financial, estate, insurance, and retirement planning are offered throughout the state by the Bank’s Trust Division, Essex Trust, and its wholly-owned subsidiary, Essex Financial Services, Inc., a Registered Investment Advisor.