So many options. Zero compromises. Learn more about our checking account options and discover what it means to bank without compromise.
From supplies to dinner meetings, business can happen anywhere and everywhere. Be prepared with Savings Bank of Danbury’s All-Business Visa®
Unlock the equity in your home. Choose a home equity line of credit from a trusted, local bank that's offering all the key benefits.
Preparing for tomorrow's higher education expenses requires a smart investment strategy today.
Whether it's online, by phone or in person, we have the speed and flexibility to make the mortgage process easier for everyone.
NOT A DEPOSIT, NOT FDIC – INSURED, NOT GUARANTEED BY THE BANK, MAY GO DOWN IN VALUE.
Not a bank or bank affiliate obligation or deposit. Not FDIC Insured. May lose value.
Loans against an employer-sponsored 401(k) retirement plan also are available. By law, the maximum loan amount is 50% of the vested account balance, and the loan must be repaid within five years. If it's not, the loan is treated as a non-qualified withdrawal, which can carry stiff tax penalties if the plan holder isn't 59 1/2 years or older. Interest rates vary by plan.
There are multiple options available when planning for college expenses. Consult your financial advisor for accurate information about tax implications and which financing choice is right for you.