Parke Plus 55 Checking Account
This special account is available only to depositors age 55 and older. The Parke Plus 55 account offers an interest rate similar to a savings account PLUS unlimited check writing. With the Parke Plus 55 account there is no minimum balance required and no service or activity charges. In addition, basic checks are provided free of charge and an ATM or debit card is included with no annual fee.
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The Federal Deposit Insurance Corporation (FDIC) has permanently increased deposit insurance on all accounts to $250,000 per depositor.