CD & IRA Deposit Rates and Annual Yields

Checking Accounts Rates and Annual Yields

*APY= Annual Percentage Yield. Fees may reduce earnings. A minimum deposit of $500 is required to open a CD. Early withdrawal penalties apply. The quoted APY’s are accurate as of July 25, 2024.

**Open a Parke Select Checking Account and receive $250 after having two qualifying direct deposits totaling $500 or more post to your account within 90 days. On the one-year anniversary of the account (with at least two additional qualifying direct deposits), you will be eligible for an additional $250. Minimum deposit to open account is $1,000. If the minimum daily balance falls below $1,000 a $7.00 per month service fee will be charged, and the customer will not be eligible for the $250 bonus. New money only. (Funds not on deposit with Parke Bank within the last 30 days.) A qualifying direct deposit is defined as a recurring direct deposit (paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or outside agency). Funds that do not qualify are credit card payments, cash advances, wire transfers, person-to-person transfers and deposits made at an ATM or physical branch. Product is a non-interest-bearing checking account. Offer may be discontinued, extended or changed at any time. This product is only for personal accounts. Business Accounts are not eligible for this promotion. Parke Bank employees and families of employees are not eligible for this offer. Limit of one bonus per customer. Your account must remain open to receive this bonus. Bonus will be credited within 30 days after all conditions have been met. All account applications are subject to approval. As stated in the Deposit Account Agreement, accounts with a zero balance may be closed, by the Bank, without prior notice. The value of the bonus is considered taxable income. Please consult with your tax advisor.