Savings Bank of Danbury


Overview / Commentary
203-743-3849
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 688th largest bank in the nation. It was established in 1849 and as of June of 2024, it had grown to 215 employees at 16 locations. Savings Bank of Danbury has a B+ health rating.

Reviews (1)

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 The IRS can verify me on a video chat and you can't? It's 2022, your policies are outdated and clearly do not benefit your members.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

Health Grade Components

Overall
FDIC Certificate #15912
Year Established1849
Employees215
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD7.38%
Annual Interest Income$39.1MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.63B$1.43B
LoansQ2 2024vs Q2 2023$1.34B$1.18B
DepositsQ2 2024vs Q2 2023$1.15B$1.1B
Equity CapitalQ2 2024vs Q2 2023$197.9MM$183.2MM
Loan Loss AllowanceQ2 2024vs Q2 2023$19.9MM$16.8MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$25.7MM$17.7MM
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$10k*-Health Savings Account
OTHER TIERS: 0.25% $0 - $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%$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

Savings Bank of Danbury 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

Savings Bank of Danbury Checking Account Rates

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

Savings Bank of Danbury CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.10%$500-13 Month CD
3.00%$50k$250k6 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.10%$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
Locations

Availability

New York Area

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