
Rates are effective as of September 1, 2010
Business Checking
Product |
Minimum Opening Deposit |
Minimum Daily Balance to Earn Interest |
Annual Percentage Yield |
Interest Rate |
Business NOW Checking & IOLTA |
$500 |
$500 |
0.250% |
0.250% |
Annual Percentage Yield (APY) may change without notice.
Business Savings
Product |
Minimum Opening Deposit |
Minimum Daily Balance to Earn Annual Percentage Yield |
Annual Percentage Yield |
Interest Rate |
Statement Savings |
$100 |
$250 |
0.250% |
0.250% |
|
Max Savings with Checking* |
Tier I
$500 to $24,999 |
$500 |
$500 |
0.600% |
0.599% |
Tier II
$25,000 to $49,999 |
$500 |
$25,000 |
0.800% |
0.797% |
Tier III
$50,000 and over |
$500 |
$50,000 |
1.000% |
0.996% |
|
| Max Savings without Checking |
Tier I
$500 to $24,999 |
$500 |
$500 |
0.400% |
0.400% |
Tier II
$25,000 to $49,999 |
$500 |
$25,000 |
0.650% |
0.648% |
Tier III
$50,000 and over |
$500 |
$50,000 |
0.800% |
0.797% |
|
| Money Market Accounts |
Tier I
$1,000 to $49,999 |
$500 |
$1,000 |
0.500% |
0.499% |
Tier II
$50,000 to $99,999 |
$500 |
$50,000 |
0.700% |
0.698% |
Tier III
$100,000 to $999,999 |
$500 |
$100,000 |
0.800% |
0.797% |
Tier IV
$1,000,000 and over |
$500 |
$1,000,000 |
0.850% |
0.847% |
| |
Annual Percentage Yield (APY) may change without notice.
Certificates of Deposit
Terms of Deposit |
Minimum Opening Deposit Required |
Minimum Daily Balance to Earn Annual Percentage Yield |
Annual Percentage Yield |
Interest Rate |
| |
3 Month CD |
$500 |
$500 |
0.600% |
0.599% |
|
6 Month CD |
$500 |
$500 |
0.800% |
0.797% |
|
7 Month CD* |
$500 |
$500 |
0.850% |
0.847% |
|
12 Month CD |
$500 |
$500 |
1.0500% |
1.045% |
|
24 Month CD |
$500 |
$500 |
1.500% |
1.489% |
|
36 Month CD |
$500 |
$500 |
1.600% |
1.588% |
|
48 Month CD |
$500 |
$500 |
1.850% |
1.834% |
| |
- Annual Percentage Yield (APY) may change without notice. The APY assumes that principal and interest will remain on deposit for one year.
- Interest begins to accrue on the business day a CD account is opened. If a CD is closed before interest is credited, the accrued interest is not earned.
- There may be a penalty for early withdrawal which could reduce the earnings on the account.
- After an account is opened, deposits into the account and withdrawals of deposited funds are not permitted until the maturity date.
- Renewal policy for Certificates of Deposit: Accounts will automatically renew at maturity. There is a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty.
* For deposits transferred from other (non Darien Rowayton Bank) sources only. Must have a Darien Rowayton Bank checking account with direct deposit.
Rates are subject to change without notice. |

|