Established in 2006, Darien Rowayton Bank has assets totaling $606 million along with $524 million in deposits, which makes it a medium-size bank. Darien Rowayton Bank, whose headquarters are in Darien, Connecticut, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset has rated Darien Rowayton Bank 4.8 out of 5 stars, which means it is among the best banks, and should be given strong consideration. Darien Rowayton Bank provides customers with multiple banking products, including savings accounts, checking accounts, CDs and mortgage products. Darien Rowayton Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Darien Rowayton Bank's most basic checking account does not carry a monthly charge. Using a bank with free checking, in addition to a high interest rate savings account is your best option for getting the most income on your deposits while having convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.80%, Darien Rowayton Bank ranks poorly compared to the average U.S. bank. Darien Rowayton Bank's one-year CD has a rate of 0.70%, while its highest-yielding money market account has an APY of 0.85%. Given its noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.
How Darien Rowayton Bank's Savings Rates Compare
Darien Rowayton Bank has typically extremely low fees in comparison to the national average. Darien Rowayton Bank's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Also, it has an overdraft fee of $25.00, which is markedly lower than the national average overdraft fee. Darien Rowayton Bank reimburses their out-of-network ATM fees (with conditions), making withdrawals a free and simple process.
Darien Rowayton Bank is a brick-and-mortar bank, with three total branches in Connecticut. It also offers access to mobile and web apps for simple access and banking on the go. It does not offer all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Thursday, 8:30 a.m. to 8:30 p.m. ET; Friday, and 8:30 a.m. to 5:30 p.m. ET. Darien Rowayton Bank's online and mobile banking services receive high marks from customers. The Darien Rowayton Bank mobile app has been given a 4.5 out of 5 (out of 2 ratings on Apple and Android) compared to the national average of 3.8. You can access Darien Rowayton Bank's app to manage your accounts by looking at account balances, sending and receiving funds and reaching customer service. Darien Rowayton Bank receives a superb consumer satisfaction score based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Darien Rowayton Bank is a medium-size bank with $606 million in assets and deposits totaling $524 million. It has an excellent Texas Ratio of 0.48%, indicating that Darien Rowayton Bank is in outstanding financial condition and far from failure. Additionally, Darien Rowayton Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.Back to Overview
Compare Darien Rowayton Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.8% APY||$1|
|Checking Account||0.1% APY||$100|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||0.85% APY 0.85% APY||$10000 $15000|
Darien Rowayton Bank has several deposit products like savings accounts, checking accounts and CDs that provide you with many options to manage your money. Darien Rowayton Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Darien Rowayton Bank's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Darien Rowayton Bank Near Me
Darien Rowayton Bank has three physical branches across the U.S.Back to Overview