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Our branches will be closed on Saturday, July 14th and Monday, July 16th due to the scheduled technology upgrade.  Branches will resume normal business hours on Tuesday, July 17th.  We apologize for any inconvenience.

Server maintenance will take place this Wednesday 6/27 9-11pm. During this time all customer facing services may be intermittently available.

deposit services

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.

Find a Surcharge-free ATM

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. 
  • Priority PLUS Checking: Purchases made with your debit card earn rewards points through this account. 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.
Rates Effective: September 1, 2014
Type of AccountAnnual Percentage YieldInterest RateMinimum Balance to Earn Annual Percentage YieldMinimum Deposit to Open Account
Money Market Choice
$.01 to $9,999.03%.03%$.01$50
$10,000 to $49,999.05%.05%$10,000 $50
$50,000 to $99,999.05%.05%$50,000$50
$100,000 to $249,999.10%.10%$100,000 $50
$250,000 to 499,999 .15%.15%$250,000 $50
$500,000 and over.15%.15%$500,000$50
NOW Checking.05%.05%$1,000$50
Priority NOW
$1,000 to $9,999.05%.05%$1,000$50
$10,000 to $24,999.05%.05%$10,000$50
$25,000 to $49,999.10%.10%$25,000$50
$50,000 and over .10%.10%$50,000$50

- Annual percentage yield assumes principal and interest remain on deposit for one year.
- Rates subject to change at any time.
- Fees may reduce earnings on accounts.
- Transfers from a money market account to another account or to third parties by check, preauthorized, automatic, or telephone transfer are limited to six per month.
- Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
- We use the daily balance computation to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- Rates may vary after account opening

Choose the checking account* that meets your needs:

Features Priority Checking Priority PLUS Checking Priority PLATINUM Checking Priority NOW Checking
No monthly service fees  *      
No minimum balance requirement  *      
Free Visa ® Debit Card   *   *   *   *
Free SBD Online Banking/Bill Pay   *   *   *   *
Free SBD Mobile Banking   *   *   *   *
Free SBD Bankline Telephone Banking   *   *   *   *
Free paper or e-Statements   *   *   *   *
Allpoint surcharge-free ATM network   *   *   *   *
No foreign ATM transaction fees     *   *   *
Unlimited check-writing     *    *   * 
SBD Cash Reserve available     *   *   *
Premium rates available on CDs**       *   *
Tiered interest rate         *

*A minimum of $50 opening deposit is required to open a checking account.

**$250 monthly direct deposit or $5,000 average daily balance to qualify for Premium CD rates. Premium CD rates not available on special promotions.