Rates

One of the advantages of working with Park Bank is the flexibility that we offer in meeting your financial needs. That’s because, as a local bank, our decisions are made right here, and we’re not afraid to look at each situation individually. We invite you to review the select rates posted here, but also to call us and tell us about your goals. Park Bank has over a thousand mortgage options. Listed below is only a sample of the rates and terms available. Together, we’ll find the best solution to help you do what you want.

You can also sign up to receive e-mail notices that alert you of rate specials that we offer from time to time. That way, you’ll be the first to know about these great deals.

SELECT MORTGAGE RATES (contact us for more information):

Product

Interest Rate

APR

Mortgage Loan (less than $417,000)

30 Year Fixed Rate

5.000%

5.093%

15 Year Fixed Rate

4.375%

4.532%

3 Year Adjustable Rate

3.875%

3.929%

5 Year Adjustable Rate

3.750%

3.804%

Jumbo Mortgage Loan (greater than $417,000)

10 Year Jumbo Arm

6.000%

6.014%

For assumptions and disclosures, click here.

CONSUMER LOAN RATES

Park Bank employs a flexible formula for determining consumer loan rates that relies on information relating to your specific situation Listed here are the best annual percentage rates (APRs) we offer for each loan type. We encourage you to contact us for more information on the loan that’s right for you.

Home Equity Line of Credit - Variable
Home Equity Line of Credit - Fixed
New Vehicles
Used Vehicles
Other Recreational Vehicles

LOAN TYPE	Home Equity Line of Credit - Variable Rate
APR:	As Low As: 4.99%
Assumptions:	Annual Percentage Rate (APR) based on The Prime Rate published in the Wall Street Journal in the money rates column, plus a margin. The Prime Rate equals 3.25% as of December 17, 2008. On a $10,000 advance at an APR of 4.99%, it would take 11 monthly payments of $41.58 and one final payment of $10,041.58 to pay off the loan in one year. Closing costs may range between $100.00 and $375.00. New home equity relationships of $10,000 or more only. All rates are subject to standard underwriting requirements and credit approval. Rates and terms are subject to change without notice.

LOAN TYPE	Home Equity - Fixed Rate
APR:	As Low As: 5.90%
Assumptions:	On a $10,000 advance at an APR of 5.90%, it would take 35 monthly payments of $49.17 and one final payment of $10,049.17 to pay off the loan in three years. Closing costs may range between $100.00 and $375.00. New home equity relationships of $10,000 or more only. All rates are subject to standard underwriting requirements and credit approval. Rates and terms are subject to change without notice.

LOAN TYPE	New Vehicles
APR:	As Low As: 5.73%
Assumptions:	A $37.50 loan documentation fee is required. All rates are subject to standard underwriting requirements and credit approval. Rates and terms are subject to change without notice.

LOAN TYPE	Used Vehicles
APR:	As Low As: 6.138%
Assumptions:	A $37.50 loan documentation fee is required. All rates are subject to standard underwriting requirements and credit approval. Rates and terms are subject to change without notice.

LOAN TYPE	Other Recreational Vehicles
APR:	As Low As: 7.769%
Assumptions:	A $37.50 loan documentation fee is required. All rates are subject to standard underwriting requirements and credit approval. Rates and terms are subject to change without notice.

The Park Bank Logo is a registered Service Mark of The Park Bank.