Darien Rowayton Bank | Banking Rates


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Management Commentary

Hours & Locations

Rates are effective as of November 1, 2008

Personal Checking

Product	Minimum Opening Deposit	Minimum Daily Balance to Earn Annual Percentage Yield	Annual Percentage Yield	Interest Rate
Rewards NOW Checking	$100	$100	0.25 %	0.250 %

Priority NOW Checking	$100	$5,000	0.50%	0.499%

Annual Percentage Yield (APY) may change without notice.
Fees may reduce earnings on the account.

Personal Savings

Product	Minimum Opening Deposit	Minimum Daily Balance to Earn Annual Percentage Yield	Annual Percentage Yield	Interest Rate
Statement Savings	$0	$250	0.25%	0.250%

Enhanced Savings	$0	$500	0.50%	0.499%

Max Savings
With a min. of $500 avg daily bal in a related checking acct.	$500	$500	4.00%	3.929%
Without a min. $500 avg daily bal in related checking acct.	$500	$500	3.75%	3.688%

Money Market Account

Tier I $500 to $24,999	$500	$500	0.50%	0.499%

Tier II $25,000 to $49,999	$500	$25,000	2.00%	1.982%

Tier III $50,000 and over	$500	$50,000	2.50%	2.472%

Annual Percentage Yield (APY) may change without notice.
Fees may reduce earnings on the account.
Tiered-Rate Feature: Certain accounts have “tiered-rates”. This means that the interest rate and resulting annual percentage yield to be earned depends on the daily balance in the account. The interest rates and annual percentage yields applicable to each tier are shown above. Interest rates and annual percentage yields are applicable to the daily balance.

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	2.00%	1.982%

6 Month CD	$500	$500	2.00%	1.982%

7 Month CD*	$5000	$5000	3.50%	3.446%

12 Month CD	$500	$500	2.25%	2.227%

13 Month CD*	$5000	$5000	3.75%	3.688%

24 Month CD	$500	$500	2.50%	2.472%

25 Month CD*	$5000	$5000	4.25%	4.170%

36 Month CD	$500	$500	2.50%	2.472%

48 Month CD	$500	$500	2.50%	2.472%

Jumbo CDs	$100,000	$100,000	See Bank representative for details

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.
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 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.

Individual Retirement Accounts – (IRAs)
(Accounts with underlying Money Market or CD investments)

Terms of Deposit	Minimum Opening Deposit Required	Minimum Daily Balance to Earn Annual Percentage Yield	Annual Percentage Yield	Interest Rate
Money Market Account	SEE MONEY MARKET RATES ABOVE

6 Month CD	$500	$500	2.00%	1.982%

7 Month CD*	$5000	$5000	3.50%	3.446%

12 Month CD	$500	$500	2.25%	2.227%

13 Month CD*	$5000	$5000	3.75%	3.688%

24 Month CD	$500	$500	2.50%	2.472%

25 Month CD*	$5000	$5000	4.25%	4.170%

36 Month CD	$500	$500	2.50%	2.472%

48 Month CD	$500	$500	2.50%	2.472%

Jumbo CDs	$100,000	$100,000	See Bank representative for details

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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