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Certificates of Deposit
Certificates of Deposit allow you to lock in a great, competitive rate for a set period of time, delivering guaranteed earnings*. You are able to choose from a wide range of CD terms to meet your specific savings needs.
The Smart Choice Liquid CD
Our Smart Choice Liquid CD provides a competitive rate, guaranteed for six months. In addition, you have the convenience and flexibility of making deposits and withdrawals at any time**. Rest easy knowing that your money is working hard for you, and is available should you need it.
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CDARS
Savings Bank of Danbury is a member of the Certificate of Deposit Account Registry ServiceŽ (CDARS), which provides up to $50 million in FDIC insurance coverage, allowing you to keep all of your deposits at your local Community Bank while achieving the highest level of FDIC coverage.
View our rates
*Minimum of $500 is required to open a Certificate of Deposit and earn interest. Fees may reduce earnings. The APY remains in effect until maturity. Early withdrawals are subject to penalty. Premium rates are available for Priority PLUS Checking customers.
**Smart Choice Liquid CD requires a minimum $50,000 opening deposit. Deposits may be made in increments of $1,000 or greater. Principal may be withdrawn in increments of $1,000 or more, however, a withdrawal of funds within seven calendar days of their deposit or within seven calendar days of any prior withdrawal is subject to a penalty. If the withdrawal brings the account below the required minimum balance of $50,000, the account will be closed and a penalty will be imposed on the required minimum balance. Other early withdrawal penalties may apply. Deposits and withdrawals must be made in person. There is a maximum allowed balance of $250,000. Fees may reduce earnings. The APY will remain in effect until maturity. Offer may be withdrawn at any time. |
