Darby's 36Mo Add On CD, Avg 4% Apy, Withdrawals On Each Anniversary Date. Anyone Done Any Withdrawals Yet?

Darby Direct (0 stars) - Details

Darby's 36mo add on CD, avg 4% apy, withdrawals on each anniversary date. Anyone done any withdrawals yet?

Dave21 posts since
Jul 21, 2010
Rep Points: 57

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Summary

1. Saturday, September 11, 2010 - 7:03 PM

Looking at Bankrate.com's review of Darby Bank (parent company) of March 2010, it would appear that Darby might soon be on life support. Net loss of $7 million, Return on Equity (-98%), Non-performing Asset Ratio of 191%, . . . The next knock on the door might be from the folks at FDIC.

Alan32 posts since
Jun 7, 2010
Rep Points: 156

2. Saturday, September 11, 2010 - 9:28 PM

We have a more updated financial review of Darby Bank here which is based on 6/30/10 data. Their ratings are low. Texas Ratio is 377.75% (anything over 100% is considered poor).

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,904

3. Monday, September 13, 2010 - 7:58 PM

Well I followed up, called Darby today and the process is to send in a withdrawal form to Darby. They e-mailed me a form, and you can mail/fax/scan and e-mail the signed form and they will process it the same day. Pretty simple.

This is for the 36mo 4% apy CD, with penalty free withdrawals on each anniversary date.

Dave21 posts since
Jul 21, 2010
Rep Points: 57