Whether you're creating a financial cushion, saving for the holidays or planning a memorable vacation, Savings Bank of Danbury offers an assortment of savings account options that are right for you. Our competitive rates allow you to grow your money steadily while maintaining easy access.
Statement Draw
For more information click here for account disclosures.
When you're looking for the ideal deposit account to grow your money, our Money Market Savings* account provides the solution. This account can earn higher interest than other savings deposit accounts, depending on your account balance, with the convenience of a passbook..
*Minimum $50 to open. If average daily balance falls below $2,500, a $5 monthly service fee is charged.
For more information click here for account disclosures.
| Account Type | Interest Rate | Annual Percentage Yield |
Interest Compounded | Interest Credited | Minimum Balance Required to Open |
Minimum Balance Required to Earn APY |
|
|---|---|---|---|---|---|---|---|
| Passbook Savings | .03% | .03% | Continuous | Monthly | $10.00 | $5.00 | |
| Statement Savings | .03% | .03% | Continuous | Monthly | $10.00 | $5.00 | |
| Statement Draw | .03% | .03% | Continuous | Monthly | $10.00 | $5.00 | |
| Money Market Savings | |||||||
| $5.00 - $2,499.99 | .03% | .03% | Continuous | Monthly | $50.00 | $5.00 | |
| $2,500 - And Up | .05% | .05% | Continuous | Monthly | $50.00 | $2,500.00 | |
| Holiday Club Savings * | .25% | .25% | N/A | At Maturity | $10.00 | $10.00 | |
| Vacation Club Savings * | .25% | .25% | N/A | At Maturity | $10.00 | $10.00 | |
Rates Effective as of: April 26, 2024