Deposit Rates
Deposit Rates and Annual Yields
Product |
Rate |
APY |
Min. Bal |
Fees |
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CHECKING |
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Platinum Now |
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$1,000 - $9,999.99 |
0.75% |
0.75% |
$1,000 |
$7.00 if below $1,000 |
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$10,000 - $49,999.99 |
1.15% |
1.16% |
$10,000 |
None if over $1,000 |
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$50,000 - $499,999.99 |
1.50% |
1.51% |
$50,000 |
None if over $1,000 |
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$500,000 and higher |
1.75% |
1.76% |
$500,000 |
None if over $1,000 |
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Other Checking |
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NJ Consumer Checking |
0.00% |
0.00% |
None |
$3.00 monthly fee |
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NOW |
0.75% |
0.75% |
$1,000 |
$7.00 if below $1,000 |
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Non-Interest Checking |
0.00% |
0.00% |
$100 |
$7.00 if below $100 |
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Parke 55 Now |
1.25% |
1.26% |
None |
None |
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MONEY MARKET |
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$1,000 - $2,499.99 |
1.00% |
1.00% |
$1,000 |
$7.00 if below $1,000 |
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$2,500 and higher |
1.30% |
1.31% |
$2,500 |
None if over $1,000 |
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SAVINGS |
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Parke Preferred Savings Special |
3.35% |
3.40% |
$2,500 |
Below $2,500 earns statement savings rate |
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Passbook Savings |
1.15% |
1.16% |
$100 |
$7.00 if below $100 |
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Statement Savings |
1.25% |
1.26% |
$100 |
$7.00 if below $100 |
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Automatic Holiday Club |
1.25% |
1.26% |
None |
None |
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Passbook Holiday Club |
1.15% |
1.16% |
None |
None |
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Parke Plus |
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Under $500 |
0.00% |
0.00% |
$0 |
None |
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$500 - $19,999.99 |
1.98% |
2.00% |
$500 |
None |
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$20,000 - $84,999.99 |
2.08% |
2.10% |
$20,000 |
None |
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$85,000 - $149,999.99 |
2.23% |
2.25% |
$85,000 |
None |
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$150,000 - $499,999.99 |
2.32% |
2.35% |
$150,000 |
None |
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$500,000 and over |
2.50% |
2.53% |
$500,000 |
None |
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BUSINESS ACCOUNTS |
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Business Checking |
0.00% |
0.00% |
$1,000 |
$15.00 if below $1,000 |
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Business Money Market |
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$2,500 - $9,999.99 |
1.00% |
1.00% |
$2,500 |
$7.00 if below $2,500 |
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$10,000 and higher |
1.30% |
1.31% |
$10,000 |
None if over $2,500 |
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Business Savings |
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Statement Savings |
0.75% |
0.75% |
$500 |
$7.00 if below $500 |
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TIME DEPOSITS |
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6 months |
3.11% |
3.15% |
$500 |
None |
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9 months SPECIAL |
3.44% |
3.50% |
$500 |
None |
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12 months |
3.11% |
3.15% |
$500 |
None |
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24 months |
3.35% |
3.40% |
$500 |
None |
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36 months |
3.68% |
3.75% |
$500 |
None |
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48 months |
3.68% |
3.75% |
$500 |
None |
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60 months |
3.68% |
3.75% |
$500 |
None |
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TIME DEPOSITS - IRA'S |
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6 months SPECIAL |
3.11% |
3.15% |
$500 |
None |
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12 months |
3.11% |
3.15% |
$500 |
None |
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18 months |
3.11% |
3.15% |
$500 |
None |
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24 months |
3.35% |
3.40% |
$500 |
None |
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36 months |
3.68% |
3.75% |
$500 |
None |
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60 months |
3.68% |
3.75% |
$500 |
None |
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