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.
With a growing family and career, now is the time when you will likely be looking for a new home and beginning to save for your children's college education.
When you’re looking for a house, it's easy to get wrapped up in the details of the house instead of looking at the big picture. Going into the purchasing process with a clear head will help you save time and money while finding the home that suits you. Get together with your family members and discuss everyone's priorities for the new house. It's important to distinguish between what you need and what you want in order to make a smart purchase. Your needs are basic necessities in a house, such as these:
Other home amenities are enjoyable and may bring value to the home, but they aren't necessary. Here are some examples:
Defining these mortgages and investment accounts and keeping them in mind when you hunt for houses will help you make better financial decisions.
NOT A DEPOSIT, NOT FDIC – INSURED, NOT GUARANTEED BY THE BANK, MAY GO DOWN IN VALUE.
While saving for college and managing house expenses, it's also important to prepare for retirement by creating a healthy nest egg that will provide support. Participating in employer-sponsored 401(K) plans is an ideal way to begin saving for retirement. Each plan is different, but many employers offer matching contributions up to a certain percentage, meaning your employer is putting the same amount of money into your plan as you are each paycheck. That's free money that benefits you in the long run. Separate from a 401(K), many people open an Individual Retirement Account because they typically provide more investing flexibility than a 401(K). With an IRA, account holders can select specific stocks and bonds that appeal to them and change those holdings on a regular basis. IRAs are offered as Roth or Traditional options, and both provide different tax advantages that a tax professional can explain in detail to help you make the right choice.
As you encounter these challenging financial questions, you can rely on the experts at Savings Bank of Danbury to provide valuable advice and guidance to help you make the best decisions for your family.