Chatham Square Association

Fair Haven is a Diverse Community with a Rich History and a Beautiful Waterfront

How does your savings account stack up?

“Household saving” is defined as the difference between a household’s disposable income (wages , self-employed revenue, income from property, etc.) and its expenditures on goods and services. The “household savings rate” is calculated by dividing household savings by household disposable income.

The country with the highest household savings rate in 2010????  Italy, at 20.2%, according to the OECD – Organization for Economic Cooperation and Development.  France and Japan were at 14.8%, the United States at 7.3%.

According to the St. Louis Federal Reserve Bank, our savings rates peaked in the early 1970s at around 14.6%.  The 1990s saw a surge in available credit, coupled with intensive marketing and ad campaigns, and our savings rate dropped to 3.5% by January of 2000.  Due to the recession, that rate was down to1.3% by January 2008.

A recent article in the New Haven Register States the “average” savings account balance for a Connecticut household is at about $6,914 – a little over $1100 more that the US average of $5,753.

Since Start Community Bank opened, we have seen great interest – no pun intended – in our Fast Start savings account .  Our current 1.67% Annual Percentage Yield is about 16 times better that the average .10% APY that most savings accounts pay in the area.  Our rate starts at $20 – not $20,000!!!  And our 13 month CD with a $500 minimum balance pays the same 1.67% APY – the best rate in town!  Now, terms and conditions do apply on both accounts, so make sure you visit us at for all the details.

Views: 7


You need to be a member of Chatham Square Association to add comments!

Join Chatham Square Association

Explore Living Here

Waterfront Living


Urban Specialist Realtors

47 High St.



Find local homes for sale

Five star senior community with a tradition of quality care

118 Clinton Avenue



20 Grand Avenue, New Haven

Local Places to Eat

Buen Gusto Restaurant

 379 Grand Avenue



El Coqui Restaurant

286 Grand Avenue


Grand Apizza Restaurant

111 Grand Avenue

203.624.7646 or



Cositas Deliciosas

271 Grand Avenue



La Molienda Peruvian Restaurant

113 Grand Avenue



Salsa's Authentic

Mexican Restaurant

99 Grand Avenue



Sorry to see them go...

Keep an eye out for notice here about the NEW Restaurant in the same location

Fair Haven Pharmacy

OPEN 7 Days a week. Lowest Prices Guaranteed. 10% discount on over the counter products if you mention CSNA.

Fair Haven Community Health Care

Once again Fair Haven Community Health Care has been recognized as a high achieving health center by the U.S. Department of Health and Human Services (HRSA), and has received the gold level designation. This places FHCHC in the top 10% of the 1,400 community health centers across the country and reflects our strong commitment to high quality clinical care. The full announcement can be found here.

We are proud and happy to have FHCHC as a community partner and a major employer in our community. 

Changing the odds for Children and Families

Making our Neighborhood beautiful one garden at a time

City of New Haven

Canoes, Kayaks & more at:

Imagine. Inform. Invest. Inspire.

© 2020   Created by Lee Cruz.   Powered by

Badges  |  Report an Issue  |  Terms of Service