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Checking Accounts

Checking Accounts

What's your Priority?

Savings Bank of Danbury tailors checking accounts to fit all needs and lifestyles. Each account comes with a free Visa® Debit Card that enables you to access your money on the go when you make purchases or withdraw money from ATMs. You can use it anywhere Visa® is accepted. Each checking account provides access to the Allpoint network of surcharge-free ATMs throughout North America.


Get a better understanding of how to use your checking account properly through the Checking Navigator.Choose from multiple checking account options with various features: 

  • Priority Checking: Enjoy a checking account with no minimum balance requirements and no monthly service fees, if no more than 10 checks are posted during the monthly statement cycle. 
  • Priority PLUS Checking: Maintain a monthly direct deposit of $250 or more or maintain a $1,000 average daily balance to avoid monthly service fees. 
  • Priority PLATINUM Checking: This account provides access to the exclusive bonus rates on our CDs. Maintain a $2,500 minimum average daily balance to avoid monthly service fees.
  • Priority NOW Checking: Earn interest on your deposits to get more value out of this account. Maintain a $5,000 minimum daily balance to avoid monthly service fees.
  • NOW Checking: Our NOW Checking account pays a competitive interest rate on the full account balance each day the balance is $1,000 or above. Maintain a $1,000 minimum daily balance to avoid monthly service fees.
  • Student Checking: This account is perfect for local and traveling students. Enjoy $15 of rebated ATM fees per billing cycle and incentives for good grades. Learn more »

For more information click here for account disclosures.

Type of Account Interest Rate Annual
Minimum Balance
Required to Open
Minimum Balance
to Earn APY
Priority Checking N/A N/A $50.00 N/A
Priority Plus Checking N/A N/A $50.00 N/A
Priority Platinum Checking N/A N/A $50.00 N/A
Now Checking .05% .05% $50.00 $1,000
Student Checking N/A N/A $10.00 N/A
Priority Now Checking
$1,000 - $9,999.99 .05% .05% $50.00 $1,000
$10,000 - $24,999.99 .05% .05% $50.00 $10,000
$25,000 - $49,999.99 .10% .10% $50.00 $25,000
$50,000 - And Up .10% .10% $50.00 $50,000
Money Market Choice
$.01 - $9,999.99 .03% .03% $50.00 $.01
$10,000 - $49,999.99 .05% .05% $50.00 $10,000
$50,000 - $99,999.99 .05% .05% $50.00 $50,000
$100,000 - $249,999.99 .10% .10% $50.00 $100,000
$250,000 - $499,999.99 .15% .15% $50.00 $250,000
$500,000 - And Up .15% .15% $50.00 $500,000

Rates Effective as of: August 09, 2022

  • The Interest rate and Annual percentage yield are variable and may change after the account is opened. 
  • Fees may reduce earnings
  • Rates are accurate as of the date shown above
  • Checking Printing Charges – Charges vary depending on the quantity and style ordered.
  • Click on the link provided to see account disclosures 
Features Priority
Monthly Service Fee N/A N/A $12 $20 $6 $25
Minimum to Avoid Monthly Service Fee N/A N/A $1,000 $2,500 $1,000 $5,000
VISA Debit Card
SBD Online Banking Bill Pay
SBD Mobile Banking
SBD Telephone Banking
Paper or E-Statements
Allpoint Surcharge-free ATM Network
No Foreign ATM transaction fees Up to $15*
Unlimited check-writing
SBD Cash Reserve Available
Premium Rates Available on CD’s *
Tiered Interest Rate

Enjoy our highest rates on deposit accounts while maintaining the liquidity you need to cover larger expenses, with the added convenience of writing checks.

When you're looking for the ideal deposit account to grow and access your money, our Money Market Choice* account provides the solution. This account can earn our highest rate available on deposit accounts, depending on your account balance. Create an emergency fund to cover unexpected expenses or use this account to diversify your savings by earning interest at a higher rate.

  • The larger your account balance, the more you earn with this tiered, interest-bearing account 

*  A monthly service charge of $5.00 will be imposed every monthly statement cycle if the average daily balance falls below $2,500.00 any day of the cycle. The average daily balance is calculated by adding the principal in the account each day to obtain the disclosed annual percentage yield. ** The transfer limitations from a Money Market checking account to another account or to third parties by preauthorized, automatic, telephone or computer transfer or by check, draft or similar order to third parties has been temporarily suspended. Please see below for more information.   

**The Federal Reserve Board has temporarily suspended the transfer limitations on Money Market statement savings accounts in order to ensure that customers have access to all of their funds during the COVID-19 Crisis. The transfer limitations associated with this account have been suspended and you will not be charged a fee for electronic transfers that would have otherwise exceeded the limitations during this time.


For more information click here for account disclosures.

Open an Account Today

Open An Account Today