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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.
Checking
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
Super NOW
$25,000 to $49,999.05%.05%$25,000 $1,000
$50,000 and over .10%.10%$50,000 $1,000

- 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 Rewards program     *   *   *
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.