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.
A new baby has arrived, and your household is more active than ever. Family and friends join you in the celebration, and everyone buzzes excitedly.
There’s nothing like a baby to reinforce the fact that even happy events can derail a budget. Consider that a recent U.S. Department of Agriculture study indicated that middle-class families will spend between $270,000 and $393,000 per child between birth and age 18. And that doesn’t include the cost of college.
Needless to say, budgeting becomes extremely important right now.
Gearing up for a new baby can cost a small fortune—even if you're clear about your priorities. You need some equipment, but you do not need everything you'll find featured in parenting magazines, baby boutiques and department stores.
And remember to talk to someone at Savings Bank of Danbury about your new family member. As soon as you have a Social Security number for the child, set up a savings account in the child's name and let family members know about it so they can contribute.
Establishing an emergency fund using a Savings Account or Money Market Account is helpful for addressing unexpected costs that will arise.
Now that your priorities and responsibilities have expanded to include children, preparing for the future can include many details and strategies at this point.
For instance, if you’re eager to change jobs or careers to better provide for your family, one of your major considerations might be what type of health benefits your employer offers and the accompanying costs.
Purchasing a life insurance policy may become a priority for the first time. These policies provide a variety of coverage in the event of a tragedy so that your family doesn’t suffer financially. Mortgage payments and educational costs are covered, and you can choose a policy that earns dividends through investments.
Saving for a college education can begin now, too. It might be difficult to imagine now, but there will be a day when your baby is off at college. Considering the cost of higher education, it’s prudent to begin saving for college as early as possible.
Not a bank or bank affiliate obligation or deposit. Not FDIC Insured. May lose value.