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To celebrate the holiday, we will be closing at 3:00pm on 12/24 and will reopen on 12/26 at our normally scheduled hours. Thank you.


 

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

*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 $10 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: August 22, 2018
Type of AccountAnnual Percentage Yield Interest RateMinimum Balance to Earn Annual Percentage YieldMinimum Deposit to Open Account
Holiday Club^.25%.25%$10$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%$10$1

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