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Business Savings Accounts

Put your money to work with a business savings account!

Our business savings account is an easy way to prepare for unexpected expenses, set aside tax payments, or retain earnings. You'll earn interest on your balances while maintaining full access to your funds. 

Business Statement Savings*

  • No monthly service charges
  • Includes free access to SBD Online Banking, SBD Mobile Banking and SBD Telephone Banking
  • Transfers to and from Savings Bank of Danbury business accounts

*Minimum $10 to open. Minimum $5 balance is required to earn Annual Percentage Yield. Interest is compounded continuously and paid monthly. Transfers from a Statement Savings account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per statement cycle with no transfers by check, draft, debit card or similar order to third parties allowed. 

 

Savings
Rates Effective: August 22, 2018
Type of AccountAnnual Percentage Yield Interest RateMinimum Balance to Earn Annual Percentage YieldMinimum Deposit to Open Account
Holiday Club^.25%.25%$10$1
Money Market Passbook
$5.00 to $2,499 .03%.03%$5$50
$2,500 and over.05%.05%$2,500$50
Passbook Savings.03%.03%$5$10
Statement Savings .03%.03%$5$10
Vacation Club^.25%.25%$10$1

- Rates may vary after account opening
- Fees may reduce earnings