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ATTENTION: System maintenance will be performed on Wednesday, September 27th between 9:00 P.M. and 11:00 PM. During that time connectivity to our network, SBD Online/Mobile Banking, SBD Business Online/Mobile Banking and Bankline telephone banking may be unavailable. We apologize for any inconvenience this may cause.
 
 


 
personal

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 Online Banking, Mobile Banking and Bankline 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 ranging from $2 to $50
  • 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 ranging from $2 to $50
  • Account matures in April

*Minimum $10 to open. Minimum $5 balance is required to earn Annual Percentage Yield. Interest is compounded continuously and paid monthly. Transfers from a Statement Savings account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per statement cycle with no transfers by check, draft, debit card or similar order to third parties allowed. 

**A linked checking account is required. A $10 overdraft protection transfer fee is charged on the savings account each day that the draw is utilized to cover an overdraft. Interest is compounded continuously and paid monthly.

†Minimum $1 to open. Deposits cannot exceed completed club total. Club automatically renews each year. No transfers from this account to another account of the customer or to third parties by preauthorized, automatic, telephone or similar order. No interest will be paid if the account is closed early; Club must be paid in full to receive interest. If any withdrawal is made from this account before the Club completion date, the account may be closed. Interest is not compounded and is paid annually on Club accounts.

Savings
Rates Effective: September 1, 2014
Type of AccountAnnual Percentage Yield Interest RateMinimum Balance to Earn Annual Percentage YieldMinimum Deposit to Open Account
Holiday Club^.25%.25%$1$1
Money Market Passbook
$5.00 to $2,499 .03%.03%$5$50
$2,500 and over.05%.05%$2,500$50
Passbook Savings.03%.03%$5$10
Statement Savings .03%.03%$5$10
Vacation Club^.25%.25%$1$1

- Rates may vary after account opening
- Fees may reduce earnings