In honor of Memorial Day we will be closed Monday, May 27th. All online services will still be available for your convenience.

Retirement Services

Retirement Services
Kirk Bamford, Owner of Danbury Sports Dome

Plan for a future of greater financial security with IRA options tailored to fit your lifestyle. 

Savings Bank of Danbury can help you navigate the road toward retirement with Individual Retirement Accounts* (IRAs) that offer different tax advantages. Create an investment strategy that enables you to reach your financial goals so you can enjoy your retirement years. 

IRAs

Traditional IRA

  • Earnings grow tax-deferred until you withdraw your funds at age 59 1/2
  • Choose from many of our Certificates of Deposits to begin investing in your IRA
  • Contributions may be tax-deductible (consult your tax advisor) 
  • You can transfer money from other IRAs into a Savings Bank of Danbury Traditional IRA

Roth IRA

  • Contribute after-tax dollars and enjoy tax-free earnings when you withdraw after age 59 1/2 and after you've held the account for at least five years
  • Choose from many of our Certificates of Deposits to being investing in your IRA
  • You can transfer money from other IRAs into a Savings Bank of Danbury Roth IRA

*You must be under age 70 1/2 to open and contribute to an IRA. Contributions may be deductible or non-deductible from income tax based upon income levels and your participation in an employer sponsored retirement plan. Earnings on IRA contributions are tax deferred until time of withdrawal. The maximum annual contribution to all IRAs cannot exceed $5,000.

Life Insurance

Your life insurance deserves our expert attention and trusted partners.

Life insurance is one of the most important elements of your personal finance landscape. As a personal investment to help to protect the financial well-being of your loved ones, your choice in life insurance is important to us.

That’s why we’ve partnered with Vantis Life Insurance Company. Their primary goal is to provide hard-working Connecticut families with affordable SBLI life insurance and annuity products.

At Savings Bank of Danbury, our licensed agents are available to help you with your life insurance needs. We can walk you through the different types of life insurance options to help you choose what works best for you. The Vantis Life Insurance Company options that we offer are:

  • SBLI SuperTerm℠ Insurance
  • SBLI Permanent Life Insurance
  • SBLI Children’s Term
  • SBLI Guaranteed Golden®
  • SBLI EstateWise® Single Premium Whole Life
  • SBLI TaxSaver Annuities

Not a bank or bank affiliate obligation or deposit. Not FDIC Insured. May lose value.

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