Savings Bank of Danbury

Overview / Commentary
220 Main Street
Danbury, CT 06810

Savings Bank of Danbury is headquartered in DANBURY and is the 11th largest bank in the state of Connecticut. It is also the 717th largest bank in the nation. It was established in 1849 and as of December of 2023, it had grown to 200 employees at 16 locations. Savings Bank of Danbury has a B+ health rating.

Reviews (2)

Love SBD

Posted by: |

Been using this bank since I got my first checking account when I was around 12. Since then, I've had a bunch of different part time jobs on top of being a student, and they've always been reliable. My only gripe about them for a long time was that they didn't have a mobile check deposit feature, but they've fixed that in the past year or so, so no real complaints anymore. Their mobile app is great, makes transfers in seconds and has up to the minute account activity and balances. Customer service is great too, every time I've been into any of their branches they've been very helpful and friendly, and I know most of the staff by name at this point. Great bank.

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 The IRS can verify me on a video chat and you can't? It's 2022, your policies are outdated and clearly do not benefit your members.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 Grade Components

FDIC Certificate #15912
Year Established1849
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD8.04%
Annual Interest Income$66.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.56B$1.44B
LoansQ4 2023vs Q4 2022$1.29B$1.1B
DepositsQ4 2023vs Q4 2022$1.16B$1.19B
Equity CapitalQ4 2023vs Q4 2022$191.5MM$175.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$19.4MM$17.6MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$20MM$19MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Savings Bank of Danbury; 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.

Savings Bank of Danbury Savings Account Rates

1.25%*$10k*-Health Savings Account
OTHER TIERS: 0.25% Up to $1.5k | 0.50% $1.5k - $2.5k | 0.75% $2.5k - $5k | 1.00% $5k - $10k
0.25%$10-Holiday Club
0.25%$10-Vacation Club
0.10%--Business Investment Sweep
0.03%$5-Passbook Savings
0.03%$5-Statement Savings
0.03%$5-Statement Draw
0.03%$5-Business Statement Saving

Savings Bank of Danbury Money Market Rates

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

Savings Bank of Danbury Checking Account Rates

0.10%*$25k*-Priority NOW
OTHER TIERS: 0.05% $1k - $25k
0.05%$1k-NOW Checking

Savings Bank of Danbury CD Rates

4.50%$500-13 Month CD
3.00%$50k-6 Month Liquid CD
1.25%$500-7 Month CD
0.85%$500-5 Year CD
0.61%$500-4 Year CD
0.45%$500-3 Year CD
0.40%$500-2 Year CD
0.40%$500-18 Month CD
0.35%$1k-15 Month Bump Up CD
0.25%$500-12 Month CD
0.20%$500-9 Month CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD

Savings Bank of Danbury IRA Rates

4.50%$500-13 Month IRA
1.25%$500-7 Month IRA
0.85%$500-5 Year IRA
0.61%$500-4 Year IRA
0.45%$500-3 Year IRA
0.40%$500-18 Month IRA
0.40%$500-2 Year IRA
0.25%$500-12 Month IRA
0.20%$500-9 Month IRA
0.15%$500-6 Month IRA
0.10%$500-3 Month IRA


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