- 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 an IRA account is opened. If an IRA account is closed before interest is credited, the accrued interest is not earned.
- The Daily Balance method is used to calculate interest on accounts. The Daily Balance method applies a daily periodic rate to the balance in the account each day.
- There may be a penalty for early withdrawal which could reduce the earnings on the account.
- After an account is opened, deposits into CD accounts and withdrawals of deposited funds are not permitted until the maturity date.
- Contributions to Individual Retirement Accounts are tax-deductible within the limits of the law. Please consult your tax advisor.
- Early withdrawals or the closing of an account could reduce earnings and result in tax liability.
- 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.
Rates are subject to change without notice.
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