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Technology Upgrade Alert!

 ATTENTION ONLINE BANKING CUSTOMERS: We will be upgrading our Online Banking technology and the new platform will not support user names that meet this criteria:

  • User name is less than eight (8) characters in length
  • User name is an email address
  • User name includes special characters (e.g. %@_!@#)

 If your user name meets one or more of the above criteria, please have your information updated before May 31, 2018 to meet the new requirements.

 Consumers- You can view and edit your user name by clicking on the “My Setting” tab on the top right of your screen after you log in.

 Business- Business Admins, please contact us at 203-805-5825 to update your user IDs. Admins are responsible for changing the user IDs of their sub users.


 
retirement-services

Individual Retirement Accounts

Plan for a future of greater financial security with IRA options tailored to fit your lifestyle. 

Savings Bank of Danbury can help you navigate the road toward retirement with Individual Retirement Accounts* (IRAs) that offer different tax advantages. Create an investment strategy that enables you to reach your financial goals so you can enjoy your retirement years. 

Traditional IRA

  • Earnings grow tax-deferred until you withdraw your funds at age 59 1/2
  • Choose from many of our Certificates of Deposits to begin investing in your IRA
  • Contributions may be tax-deductible (consult your tax advisor) 
  • You can transfer money from other IRAs into a Savings Bank of Danbury Traditional IRA

Roth IRA

  • Contribute after-tax dollars and enjoy tax-free earnings when you withdraw after age 59 1/2 and after you've held the account for at least five years
  • Choose from many of our Certificates of Deposits to being investing in your IRA
  • You can transfer money from other IRAs into a Savings Bank of Danbury Roth IRA

*You must be under age 70 1/2 to open and contribute to an IRA. Contributions may be deductible or non-deductible from income tax based upon income levels and your participation in an employer sponsored retirement plan. Earnings on IRA contributions are tax deferred until time of withdrawal. The maximum annual contribution to all IRAs cannot exceed $5,000.