Ives Bank


Overview / Commentary
203-743-3849
220 Main Street
Danbury, CT 06810
Reviews (2)

Worst Bank To Deal With.....

Posted by: |

Savings Bank of Danbury/Ives Bank has held my mortgage for 18 years now and has proved to be the most difficult and inflexible institution to work with when it has come to issues relating to on-line payments. I have attempted to make on-line payments for my mortgage only to be told that my primary bank has has to convert my payment to an actual physical check since that is the only way Savings Bank of Danbury will receive an E-payment. This results in the payment being delayed and ultimately considered "late" by Savings Bank of Danbury and their unwillingness to reverse the late fees which are only brought on by their archaic technology. Their customer service is dismissive to any explanation or request for understanding. If I could refinance out of this Bank, I would at the drop of a hat.

Would Not Recommend.

Posted by: |

The initial transfer of their services to "digital" was a nightmare. I went literal weeks with no account access when that happened. Now? I've moved out of state, to GA and am trying to buy a house but have been told I am not eligible to perform a wire transfer unless I come into the branch to process it. This is super time sensitive and I am not driving 16 hours to resolve this. You really have NO WAY to verify me by email, phone or video chat? I have every identifying document you could ever need to ID me. How does seeing me in person make that different? The IRS can verify me on a video chat and you can't? It's 2022, your policies are outdated and clearly do not benefit your members. I have been told I would be eligible to transfer my funds out were I to close my account and open another one in my name. I do have another account in my name, actually.. I found out (with zero direction from any of your reps) that I AM able to link my account and request the ability to then transfer funds between them. Could no one have informed me? You made me want to outright close my account. Shame on the lot of you for not knowing the options available to you and not being willing to look for a solution.



Health

Health Grade Components

Overall
FDIC Certificate #15912
Year Established1849
Employees197
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD6.33%
Annual Interest Income$20.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.63B$1.58B
LoansQ1 2025vs Q1 2024$1.35B$1.31B
DepositsQ1 2025vs Q1 2024$1.26B$1.14B
Equity CapitalQ1 2025vs Q1 2024$209.7MM$194MM
Loan Loss AllowanceQ1 2025vs Q1 2024$17.4MM$19.7MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$21.5MM$19.2MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Ives Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Ives Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$10-Holiday Club
0.25%$10-Vacation Club
0.10%$0-Business Investment Sweep
0.03%$5-Passbook Savings
0.03%$5-Statement Savings
0.03%$5-Statement Draw
0.03%$5-Business Statement Saving

Ives Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$250k*-Money Market Choice
OTHER TIERS: 0.03% $0 - $10k | 0.05% $10k - $100k | 0.10% $100k - $250k
0.15%*$250k*-Business Money Market
OTHER TIERS: 0.05% $0 - $100k | 0.10% $100k - $250k
0.15%$0-Municipal Money Market
0.05%*$2.5k*-Money Market Savings
OTHER TIERS: 0.03% $5 - $2.5k

Ives Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$250k*-Non-Profit Checking
OTHER TIERS: 0.03% $0 - $2.5k | 0.05% $2.5k - $100k | 0.10% $100k - $250k
0.10%*$25k*-Priority NOW
OTHER TIERS: 0.05% $1k - $25k
0.05%$1k-NOW Checking

Ives Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-6 Month CD
4.00%$500-9 Month CD
3.75%$500-13 Month CD
3.00%$500-3 Year CD
2.75%$50k$250k6 Month Liquid CD
2.00%$500-12 Month CD
1.25%$500-7 Month CD
0.85%$500-5 Year CD
0.61%$500-4 Year CD
0.40%$500-2 Year CD
0.40%$500-18 Month CD
0.10%$500-3 Month CD

Ives Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-6 Month IRA
4.00%$500-9 Month IRA
3.75%$500-13 Month IRA
3.00%$500-3 Year IRA
2.00%$500-12 Month IRA
1.25%$500-7 Month IRA
0.85%$500-5 Year IRA
0.61%$500-4 Year IRA
0.40%$500-18 Month IRA
0.40%$500-2 Year IRA
0.10%$500-3 Month IRA
Locations

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