Savings Accounts

Savings Accounts

Choose from various accounts tailored to meet your savings needs and help you reach your financial goals.

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 Savings

  • No monthly service charges
  • Includes free access to SBD Online Banking, SBD Mobile Banking and SBD Telephone Banking 

Statement Draw

  • Links to your Savings Bank of Danbury checking account to provide overdraft protection
  • Provides peace of mind and allows you to avoid costly overdraft fees

Holiday Club

  • Easily save for the holidays with weekly payroll deductions or automatic transfers. You can set up the amount deposited that fits your needs.
  • Account matures in October to allow plenty of time for holiday purchases

Vacation Club

  • Save for that special vacation with weekly payroll deductions or automatic transfers.  You can set up the amount deposited that fits your needs.
  • Account matures in April

For more information click here for account disclosures.

Money Market Savings

Enjoy our highest rates on deposit accounts while maintaining the liquidity you need to cover larger expenses.

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.

  • Maintain a $2,500 minimum balance to benefit from our premium rate
  • The larger your account balance, the more you earn with this tiered, interest-bearing account 

*Minimum $50 to open. If average daily balance falls below $2,500, a $5 monthly service fee is charged. Transfers from a Money Market 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 are limited to six per statement cycle.

Account Type Annual
Interest Rate Interest Compounded Interest Credited Minimum Balance
to Open
Minimum Balance
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: August 10, 2020

  • 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
  • Click on the link provided to see account disclosures and schedule of fees and charges
  • *  Fixed rate Account – Interest rate and APY are fixed until maturity
  • Transaction limitations apply
  • Click here to see account disclosures and service charges that may apply.

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