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Locations, Contacts, and Hours
Locations, Contacts, and Hours
Locations, Contacts, and Hours
Locations, Contacts, and Hours
Park Bank

Park Bank Accounts
Savings, CD's & IRA's

Interest Rates Effective June 20 - June 26, 2017

 

Saving Accounts

TYPE OF ACCOUNT

MINIMUM BALANCE

NOTES

INTEREST RATE

ANNUAL PERCENTAGE YIELD

TYPE OF ACCOUNT: Statement Savings Account*

MINIMUM BALANCE: $100 minimum balance or quarterly maintenance fee of $3.00 with accrual of interest plus 50¢ per transaction after ten transactions.

NOTES: No minimum balance or fees for children under 18 or senior citizens.

INTEREST RATE: .21%

ANNUAL PECENTAGE YIELD: .21%

Interest rates are subject to change. Contact Park Bank for more information.

*We compound and credit interest monthly on all accounts, except for statement savings and CD's, which are compounded and credited quarterly.


Certificate of Deposit**

With a $ 2,500 Minimum Balance to Earn Annual Percentage Rate

TERM OF CERTIFICATE

INTEREST RATE

ANNUAL PERCENTAGE YIELD

TERM OF CERTIFICATE: 91 Day

INTEREST RATE: .01%

ANNUAL PERCENTAGE YIELD: .01%

TERM OF CERTIFICATE: 6 Month

INTEREST RATE: .07%

ANNUAL PERCENTAGE YIELD: .07%

TERM OF CERTIFICATE: 1 Year

INTEREST RATE: .26%

ANNUAL PERCENTAGE YIELD: .26%

TERM OF CERTIFICATE: 1 1/2 Year

INTEREST RATE: .36%

ANNUAL PERCENTAGE YIELD: .36%

TERM OF CERTIFICATE: 2 Year

INTEREST RATE: .56%

ANNUAL PERCENTAGE YIELD: .56%

TERM OF CERTIFICATE: 2 1/2 Year

INTEREST RATE: .76%

ANNUAL PERCENTAGE YIELD: .76%

TERM OF CERTIFICATE: 3 Year

INTEREST RATE: .96%

ANNUAL PERCENTAGE YIELD: .96%

TERM OF CERTIFICATE: 4 Year

INTEREST RATE: 1.06%

ANNUAL PERCENTAGE YIELD: 1.06%

With a $ 10,000 Minimum Balance to Earn Annual Percentage Rate

TERM OF CERTIFICATE

INTEREST RATE

ANNUAL PERCENTAGE YIELD

TERM OF CERTIFICATE: 91 Day

INTEREST RATE: .21%

ANNUAL PERCENTAGE YIELD: .21%

TERM OF CERTIFICATE: 6 Month

INTEREST RATE: .32%

ANNUAL PERCENTAGE YIELD: .32%

TERM OF CERTIFICATE: 1 Year

INTEREST RATE: .51%

ANNUAL PERCENTAGE YIELD: .51%

TERM OF CERTIFICATE: 1 1/2 Year

INTEREST RATE: .61%

ANNUAL PERCENTAGE YIELD: .61%

TERM OF CERTIFICATE: 2 Year

INTEREST RATE: .81%

ANNUAL PERCENTAGE YIELD: .81%

TERM OF CERTIFICATE: 2 1/2 Year

INTEREST RATE: 1.01%

ANNUAL PERCENTAGE YIELD: 1.01%

TERM OF CERTIFICATE: 3 Year

INTEREST RATE: 1.21%

ANNUAL PERCENTAGE YIELD: 1.22%

TERM OF CERTIFICATE: 4 Year

INTEREST RATE: 1.31%

ANNUAL PERCENTAGE YIELD: 1.32%

 

Interest rates are subject to change. Contact Park Bank for more information.

**Interest will be compounded and credited quarterly. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (i.e. checks).

Certificates of Deposit will automatically renew at maturity. Our bank extends a grace period of ten (10) calendar days after the maturity date, for you to withdraw your funds without incurring any early withdrawal penalty.

All deposit accounts must be opened in person.


Individual Retirement Accounts

 

TYPE OF ACCOUNT

MINIMUM BALANCE

NOTES

INTEREST RATE

ANNUAL PERCENTAGE YIELD

TYPE OF ACCOUNT: IRA Savings Account*

MINIMUM BALANCE: $100 minimum balance.

NOTES: Interest may change the first Tuesday of each month.

INTEREST RATE: .46%

ANNUAL PECENTAGE YIELD: .46%

TYPE OF ACCOUNT: 18 Month Fixed Rate IRA**

MINIMUM BALANCE: $500 minimum balance.

NOTES: Current rates for new Certificates are posted every Tuesday.

INTEREST RATE: .61%

ANNUAL PECENTAGE YIELD: .61%

TYPE OF ACCOUNT: 2 1/2 Year Fixed Rate IRA***

MINIMUM BALANCE: $500 minimum balance.

NOTES: Current rates for new Certificates are posted every Tuesday.

INTEREST RATE: 1.01%

ANNUAL PECENTAGE YIELD: 1.01%

*We compound and credit interest monthly on all accounts, except for statement savings and CD's, which are compounded and credited quarterly.

**Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

***We use the average daily balance method to calculate the interest earned on your account. This method applies a periodic interest rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.