Parke Exclusive Savings
Qualifications to Earn the Higher Rate
Qualifying for your Parke Exclusive Checking or Parke Cashback Advantage rewards automatically qualifies you for the highest Parke Exclusive Savings rewards rate, too. Enrollments must be in place, and all of the following transactions and activities must post and settle to your Parke Exclusive Checking or Parke Cashback Advantage account each Monthly Qualification Cycle:
- At least 12 debit card transactions
- At least 1 direct deposit, ACH payment, or ACH credit transaction
- Be enrolled in and agree to receive eStatements
And if you don’t meet these qualifications, don’t worry — your accounts are still free. Plus, you’ll still earn our base rate on Parke Exclusive Savings. And you can get right back to earning your full rewards the very next cycle that you qualify.
Prepare and invest for the future with Parke Exclusive Savings.
Earn 3.50% APY* on balances up to and including $100,000 when you qualify. Pair this account with Parke Exclusive Checking or Parke Cashback Advantage and build savings!
Features You’ll Love
- Track your savings with Online and Mobile Banking
- No minimum balance requirements
DETAILS
- Free account that builds your savings
- Links to free Parke Exclusive Checking or Parke Cashback Advantage
- 3.50% APY on balances as much as $100,000
- 2.00% to 3.50% APY on balances over $100,000 depending on daily balance in account*
- 0.05% APY on all balances if qualifications are not met in Parke Exclusive Savings
- No monthly maintenance fee
- No minimum balance to earn rewards
- $100 minimum deposit to open
View Parke Rewards Checking Cycle Dates.
Parke Exclusive Savings with Exclusive Checking
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.
“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 linked Parke Exclusive Checking account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $100,000 in your Parke Exclusive Savings account earn an APY of 3.50% and daily balances over $100,000 earn an interest rate of 0.50% on the portion of the daily balance over $100,000, resulting in a range from 2.00% to 3.50% APY depending on the account’s daily balance.
When your linked Parke Exclusive Checking account qualifications are not met, the entire daily balance in the Parke Exclusive Savings account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05% APY.
Interest will be credited to your Parke Exclusive Savings 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 = Annual Percentage Yield.
APYs accurate as of 6/01/2026.
APY calculations are based on an assumed balance of $100,000 + $100,000 in your Parke Exclusive Savings 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:
New accounts must be open and funded with new funds that were not on deposit with Parke Bank within the last 30 days.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
$100 minimum deposit is required to open the Parke Exclusive Checking Account
$100 minimum deposit is required to open the Parke Exclusive Savings account.
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.
A Parke Exclusive Checking account is required to have a Parke Exclusive Savings 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.
Member FDIC.
Parke Exclusive Savings with Cashback Advantage
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.
“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 linked Parke Cashback Advantage account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $100,000 in your Parke Exclusive Savings account earn an APY of 3.50% and daily balances over $100,000 earn an interest rate of 0.50% on the portion of the daily balance over $100,000, resulting in a range from 2.00% to 3.50% APY depending on the account’s daily balance.
When your Parke Cashback Advantage account qualifications are not met, no cash back payments are made, and ATM withdrawal fees are not refunded. In addition, the entire daily balance in the Parke Exclusive Savings account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05% APY.
Interest will be credited to your Parke Exclusive Savings account on the last day of the current statement cycle.
*APY = Annual Percentage Yield.
APYs accurate as of 6/01/2026.
APY calculations are based on an assumed balance of $100,000 + $100,000 in your Parke Exclusive Savings 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:
New accounts must be open and funded with new funds that were not on deposit with Parke Bank within the last 30 days.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
$100 minimum deposit is required to open the Parke Cashback Advantage Account
$100 minimum deposit is required to open the Parke Exclusive Savings account.
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.
A Parke Cashback Advantage account is required to have a Parke Exclusive Savings 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.
Member FDIC.
