Written by Jessica Merritt | Edited by Anna-Louise Jackson | Published on 07/17/2025
DR Bank was founded in 2006 as Darien Rowayton Bank, with two branches in Darien and Rowayton, Connecticut. It offers community bank services with online capabilities, making it a good choice if you want a hybrid of in-person and digital banking.
Customers can choose from a range of personal and business products, including checking, savings, money market accounts and certificates of deposit (CDs). DR Bank also offers individual retirement accounts (IRAs) and safe deposit boxes.
- Checking accounts: Two checking account options are available at DR Bank. Prime Checking requires no minimum balance and charges no monthly maintenance or overdraft fees. It earns a 0.05% annual percentage yield (APY) on balances up to $5,000 or a 0.10% APY on balances over $5,000. Basic Checking offers similar features, except it doesn't earn interest.
- High-yield savings account: DR Bank’s Digital High Yield Savings requires no minimum balances and earns a 4.00% APY.
- Money market account: If you'd like check-writing capabilities, you can opt for a Prime Money Market , which offers a blend of savings and spending features.
- Certificates of deposit (CDs): Savers need a $500 minimum balance to open an account. Terms range from three to 18 months, and all come with an automated rollover process at the end of the CD’s term.
Customer service: Service is available at a branch, by email at [email protected] or by phone at 800-361-5363 during the bank's business hours: 9 a.m. to 4 p.m. Eastern time (ET) Monday through Friday and 9 a.m. to noon ET on Saturday.
DR Bank is accredited by the Better Business Bureau and receives an A+ rating. The bank currently has no reviews on Trustpilot.
DR Bank offers online and mobile banking features for 24/7 access. Set up transfers, activity alerts for low funds, bill payments and recurring payments.
Pros and cons of DR Bank
PROS
• Hybrid banking experience with local Connecticut branches and full digital access
• Checking accounts with no monthly maintenance fees, overdraft fees or minimum balance requirements
• CDs have a low $500 minimum deposit requirement
CONS
• Branch access limited to two branches in Connecticut
• No extended customer service access beyond branch hours
• CDs automatically roll over unless canceled
Great Experience - Quick & Fair
Moving everything away from my last bank to DR Bank since they have good rates, cover ATM fees and don't have nonsense online banking fees. And actually have a human available to speak to without being on hold for 2 hours. Would highly recommend.
AMAZING EXPERIENCE
The team at DR Bank are incredible. I have both my personal banking and my business banking at DR Bank and would highly recommend. The staff are always quick to get back to me when I need something. Savings rates are usually very high which helps, but I stick around because of the service.
Bait-And-Switch CD Rates – Stay Away
Opened a CD here and seriously regret it. I applied when the advertised rate was 4.65%, and while my funds were in transfer, that rate was still live. But once the money landed, they dropped the rate to 4.35% without warning—then declared the account “opened.” No heads-up, no chance to opt out. Just quietly took my money and gave me a worse rate the next day. That’s not just poor service, it’s unethical. At the very least, you warn the client and let them decide.
Lesson learned: never trust small banks with slow processing and shady practices. You can keep my peanuts—I’ll take my real money elsewhere.
Worst Bank! Don't Affilaite With DR!
You provide me TWO different loan options & I upload documents TWICE and have been told different "things" I needed to do and you deny the loan? You are doing this due to my age. I pay all my bills on time with a credit score of 732 (YOU SENT ME CREDIT REPORT).
You are crooks & I will never recommend Upstart or DR Bank to anyone. If I had the desire I could win a lawsuit based on your practices & deceit.
Shame on you and your company!
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Actual Interest Rate 5.366% (After You Open Account
Actual Interest Rate 5.366% (after you open account
WORST BANK EVER
I tried to open up a joint account and their system would not allow it. They said they had a system problem and I should open individual account.
Tried to do that and system would not allow it. They have no idea why and there was no one that could help. They do not know how their system works and I would be very hesitant to open an account with them.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58257 |
| Year Established | 2006 |
| Employees | 70 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 11.02% |
| Annual Interest Income | $13.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $711.7MM$617.3MM |
| Loans | Q1 2025vs Q1 2024 | $589.5MM$513.2MM |
| Deposits | Q1 2025vs Q1 2024 | $591.4MM$505.3MM |
| Equity Capital | Q1 2025vs Q1 2024 | $61.8MM$54.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $4.5MM$3.7MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $435K$474K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |