CDs / IRAs

Term-based investment products such as CDs and IRAs offer higher returns than most savings accounts on funds you do not require for your day-to-day financial demands.

CDs and IRAs also provide the peace of mind of FDIC insurance on your deposit dollars. The Federal Deposit Insurance Corporation currently insures CD deposits and IRAs up to $250,000 (for an FDIC insurance solution for deposits over these amounts, check out our CDARS Program)

A Park Bank personal banker will help you structure your CD portfolio with a laddering program that will provide you with the liquidity you desire.

And that’s not all — you’ll never lose principal on a Park Bank CD. That means that if you need to access your money before the term us up, we’ll limit the penalties you face so that you are given back at least as much as you invested to begin with.