Check out the latest ParkeBank CD rates, offers, and promotions here.
They are currently offering some of the best CD rates nationwide, such as their 0.55% APY 12-Month CD and 1.25% APY 60-Month CD.
ParkeBank CD Rates
Parke Bank is a full service commercial bank, with an emphasis on providing personal and business financial services to businesses and individuals primarily in Philadelphia and surrounding counties and Southern New Jersey.
With a low minimum deposit of $500, you can invest in a ParkeBank account to maximize your earnings. If you’re interested in making a higher rate than a traditional savings account, make sure to check out our CD rates below.
- Minimum deposit: $500
- Maximum deposit: —
- Early withdrawal penalty: According to CSR, the Early Withdrawal Penalty for any ParkeBank CD is six months interest, regardless of term length, with partial withdrawals allowed.
(FDIC Insured)
ParkeBank CD Rates
| Term | APY Rate | Minimum Deposit |
| 6-Month | 0.35% | $500.00 |
| 12-Month | 0.55% | $500.00 |
| 18-Month | 0.60% | $500.00 |
| 24-Month | 0.75% | $500.00 |
| 36-Month | 1.01% | $500.00 |
| 48-Month | 1.05% | $500.00 |
| 60-Month | 1.25% | $500.00 |
ParkeBank CD Features
- Guaranteed, locked-in interest
- Terms to fit your savings
- Competitive rates & terms
- Online and Mobile Banking
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Author’s Verdict
If you have excess funds just sitting in your checking account (that more than likely won’t be touched), it’s a good idea to invest it in a interest bearing account like a CD. By opening a CD Account, your money will be earning money for you while you sleep by earning you a return on your funds.
This is a great opportunity to invest in a high-interest CD from ParkeBank. However, you may want to compare them with our best CD Rates.
Check back often for the latest CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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