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Deposit Rates

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CD & IRA Rates  |  Personal Savings Rates  |  Personal Money Market Rates  |  Personal Checking Rates  |  Business Money Market Rates

 

Rates accurate as of 6/15/2023.

 

CDs & IRAs*

Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) pay higher interest than regular savings accounts and offer a range of investment options to fit your financial goals. To learn more, please call Park Bank At Your Service at 608.278.2801 or stop by any Park Bank branch during business hours.

 

Interest Rate

Annual Percentage Yield (APY)

Compounding Frequency

Minimum Opening Deposit

3-Month

(not available for IRAs)

0.07%

0.07%

Maturity

$5,000**

6-Month

0.10%

0.10%

Quarterly

$2,500**

1-Year

0.15%

0.15%

Quarterly

$1,000**

18-Month

0.20%

0.20%

Quarterly

$1,000**

7-Month Special4.52%4.60%Quarterly$50,000***/**

11-Month Special

4.28%

4.35%

Quarterly

$50,000***/**

2-Year

0.25%

0.25%

Quarterly

$1,000**

3-Year

0.30%

0.30%

Quarterly

$1,000**

4-Year

0.40%

0.40%

Quarterly

$1,000**

5-Year

0.50%

0.50%

Quarterly

$1,000**

*Penalty for early withdrawal may be imposed for CDs/IRA CDs. Fees or withdrawals may reduce earnings.
**No minimum balance required to obtain advertised APY.
***Minimum of $50,000 new money to Park Bank may be required

 

Savings

Personal savings interest rates paired with lower fees results in savings growth while keeping funds accessible. Open a savings account online or stop by any Park Bank branch during business hours

 

Interest Rate

Annual Percentage Yield (APY)

Compounding Frequency

Minimum Deposit

Classic Savings

If Balance is ...

Below $1,000

$1,000 - $2,499.99

$2,500 - $9,999.99

$10,000 - $24,999.99

$25,000+

 

 

0.01%

0.01%

0.03%

0.03%

0.05%

 

 

0.01%

0.01%

0.03%

0.03%

0.05%

Monthly

No minimum to open or obtain APY

Investor Savings

If Balance is ...

Below $1,000

$1,000 - $9,999.99

$10,000 - $24,999.99

$25,000 - $99,999.99

$100,000 - $249,999.99

$250,000+

 

 

0.01%

0.03%

0.03%

0.05%

 

0.10%

0.15%

 

 

0.01%

0.03%

0.03%

0.05%

 

0.10%

0.15%

Monthly

No minimum to open or obtain APY

Early Saver

0.03%

0.03%

Monthly

No minimum to open or obtain APY

All savings accounts are variable rate accounts which may change at any time at Park Bank's discretion. Fees or withdrawals may reduce earnings.

 

Personal Money Market 

Money Market accounts offer tiered interest rates and annual percentage yields (APY) that help earn money faster. Open a money market account online or stop by any Park Bank branch during business hours.

 

Interest Rate

Annual Percentage Yield (APY)

Compounding Frequency

Minimum Deposit

Money Market

If Balance is ...

Below $1,000

$1,000 - $9,999.99

$10,000 - $24,999.99

$25,000 - $99,999.99

$100,000+

 

 

0.05%

0.10%

0.20%

0.40%

0.60%

 

 

0.05%

0.10%

0.20%

0.40%

0.60%

Monthly

No minimum to open or obtain APY

This account is a variable rate account which may change at any time at Park Bank's discretion. Fees or withdrawals may reduce earnings.

 

Personal Checking

Our Aspire Interest Checking account earns competitive interest rates. Open an interest-bearing personal checking account online or stop by any Park Bank branch during business hours.

 

Interest Rate

Annual Percentage Yield (APY)

Compounding Frequency

Minimum Deposit

Aspire Checking

If Balance is ...

Below $1,000

$1,000 - $4,999.99

$5,000 - $9,999.99

$10,000+

 

 

0.01%

0.01%

0.01%

0.01%

 

 

0.01%

0.01%

0.01%

0.01%

Monthly

No minimum to open or obtain APY

Imagine Checking

N/A

N/A

N/A

No minimum to open

HSA Individual and HSA Family

If Balance is ...

Below $1,000

$1,000 - $4,999.99

$5,000+

 

 

 

0.00%

0.01%

0.01%

 

 

 

0.00%

0.01%

0.01%

Monthly

No minimum to open or obtain APY

All interest-bearing checking accounts are variable rate accounts which may change at any time at Park Bank's discretion. Fees or withdrawals may reduce earnings.

 

Business Money Market

Our Business Money Market account offers high rates while keeping funds accessible. Learn more about our business banking accounts or contact a business banker for further assistance.

 

Interest Rate

Annual Percentage Yield (APY)

Compounding Frequency

Minimum Deposit

Money Market

If Balance is ...

Below $24,999

$25,000 - $94,999.99

$100,000 - $499,999.99

$500,000 - $999,999.99

$1,000,000+

 

 

0.15%

0.30%

 

0.60%

 

0.80%

0.90%

 

 

0.15%

0.30%

 

0.60%

 

0.80%

0.90%

Monthly

No minimum to open or obtain APY

This account is a variable rate account which may change at any time at Park Bank's discretion. Fees or withdrawals may reduce earnings.