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Park Bank
 

Savings/CDs/IRAs

Saving and investing your hard earned money is smart for a number of reasons. At Park Bank, we will help you put your money where it will work the hardest for you to meet your goals.

Interest rates effective March 17 2020.

Savings Account

A Park Bank savings account is a great way to save money with easy access to it when needed. And, there is no paper statement fee or dormant account fee for customers under 18 or 62 years of age or older (transaction fees still apply).

Type of AccountMinimum BalanceNotesInterest RateAnnual Percentage Yield (APY)
Park Bank Savings$100 minimum average daily balance or quarterly service charge of $3.00. Service charge of $1 for each debit transaction in excess of 18 per quarterly statement cycle.No paper statement fee or dormant account fee for customers under 18 or 62 years of age or older (transaction fees still apply)..08%.08%

Rate may change after account is opened. Fees could reduce earnings. Contact Park Bank for more information.

Certificate of Deposit

A CD, or certificate of deposit, is a type of federally insured savings account that has a fixed interest rate and fixed date of withdrawal, known as the maturity date.

A Park Bank CD is a reliable, safe form of investing with flexible maturity dates to fit your needs.

Fees could reduce earnings. Penalties may be imposed for early withdrawal. $2,500 minimum balance is required to open account.

Individual Retirement Accounts

Individual Retirement Accounts, or IRAs, is a personal saving account for individuals to save for their retirement that offers tax advantages to the owner of the account. Fixed IRA’s provide more security and higher returns than a variable IRA. Contact Park Bank to answer any questions and to set up your retirement account.

Type of AccountMinimum BalanceInterest RateAPY
IRA Savings Account*$100 minimum balance to open account..21%.21%
18 Month Fixed Rate IRA$500 minimum balance to open account..35%.35%
2 1/2 Year Fixed Rate IRA$500 minimum balance to open account..61%.61%

Fees may reduce earnings. Penalties may be imposed for early withdrawals. *Rates may change after account is opened.

Do you have a Kasasa Rewards Checking account?

Talk to us about a Kasasa Saver account that may offer you a better rate.

 

All deposit accounts must be opened in person.