Qualification Information:
Account transactions and activities may take one or more days to post and settle to the account, and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. New Money Only (Funds not on deposit with Parke Bank within the last 30 days). “Monthly Qualification Cycle” means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle. Contact one of our branch service representatives at 1.866.727.5325 for specific Monthly Qualification Cycle dates.

*Reward Information:
When your Parke Exclusive Checking account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $25,000 in your Parke Exclusive Checking account earn an interest rate of 4.89% resulting in an APY of 5.00%; and daily balances over $25,000 earn an interest rate of 0.50% on the portion of the daily balance over $25,000, resulting in a range from 5.00% to 1.40% APY depending on the account’s daily balance.

You will receive reimbursements up to an aggregate total of $15.00 for Nationwide ATM withdrawal fees incurred within your Parke Exclusive Checking account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. NOTE: ATM fee reimbursements only apply to Parke Exclusive Checking and Parke Cashback Advantage; Parke Exclusive Savings ATM transaction fees are not reimbursed nor refunded.

When your Parke Exclusive Checking qualifications are not met, the interest rate earned on the account’s entire daily balance will be 0.05% resulting in an annual percentage yield of 0.05% and ATM withdrawal fees are not refunded.

*APY = Annual Percentage Yield. APYs accurate as of 6/01/2026.Interest will be credited to your Parke Exclusive Checking account on the last day of the current statement cycle. Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle.  APY calculations are based on an assumed balance of $25,000 + $100,000 in your Parke Exclusive Checking account and an assumed statement cycle of thirty-one (31) days. Rates, rewards, and bonuses, if any, are tiered and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account’s rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.

Additional Information:
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $100 minimum deposit is required to open the account. Monthly Direct Deposit/ACH credit/debit, enrollment in eStatements and Debit Card Swipes are conditions of these accounts. Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account’s qualifications. Limit of 1 account per Social Security Number. There are no recurring monthly maintenance charges or fees to open or close this account. This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. Advertised information and rewards are based on all account qualifications being met during each cycle period. Contact one of our bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.

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