|
Checking & Savings Accounts
and other Banking Services
As banking becomes more and more
impersonal, Park
Bank stays rooted in
traditional, person-to-person banking.
When you call, you get a real person, not
an automated menu. You get help from a person who remembers your name,
and understands your needs.
You will truly appreciate banking
with someone you can talk to.
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Checking
Accounts
 Interest Rates Effective
Jan 31 - Feb 6, 2012
|
|
Personal Checking Accounts |
| Type of
Account |
Minimum
Balance |
Notes |
Interest Rate
|
Annual Percentage Yield
|
| The $49 Balance
|
$49 minimum daily balance
or $7.50 per month.
|
Safe keeping of your checks
is provided.
|
none |
n/a
|
| Econo Plan BASIC
Checking |
$200 Minimum daily balance or
$2.00 per month plus 15¢ per item. |
Safe keeping of your checks
is provided.
|
none |
n/a |
| Econo Plan NOW Interest
Checking* |
$500 minimum daily balance
or $5.00 per month with accrual of interest.
|
Safe keeping of your checks
is provided. |
.15%
|
.15%
|
| SUPER NOW
Checking* |
$2,500 average daily
balance or $15.00 per month with accrual of
interest. |
Safe keeping of your checks
is provided. Interest rate is guaranteed
for 7 days and may change on Tuesdays. |
.15%
|
.15%
|
| Insured Money Market
Account* |
$2,500 average daily
balance or $15.00 per month with accrual of
interest. |
Safe keeping of your checks
is provided. Interest rate is guaranteed
for 7 days and may change on Tuesdays. |
.43%
|
.43%
|
Other
Personal Banking Services
View Checks Designs &
Accessories
Internet Banking and Bill Pay Plus
Park
Bank Advantage Visa Card
Safe
Deposit Box
business
checking
|
|
Business Checking Account |
| Type of
Account |
Minimum
Balance |
Notes |
| The Park Bank Business
Account |
No Minimum Balance
Required.
|
Estimated Earnings Credit: 0.016%
Earnings
credit is to offset account charges and is
calculated on average ledger balances less
uncollected funds. This percentage can vary
monthly, depending on market conditions and is
only available to offset that month's charges.
Account
Charges:
Monthly Main. Fee: $2.00
Park Bank Item Deposited $0.03
All Other Deposited: $0.05
Check on Your Account: $0.15
Deposit: $0.15
Return Item Charge: $4.00
Deposit Make Up Charge $1.00
Telephone Transfer: $1.00
|
Commercial Internet Banking
Business Bill Pay
Other Small Business Services
SBA and Other Business Loans
Credit Card Merchant Program
Off-Site Secure Document Storage
|
| |
| Interest
rates are subject to change. Contact Park
Bank for more information. |
| * See Footnotes
Back to top |
SAVINGS ACCOUNTS
Savings
Accounts
Interest Rates Effective
Jan 31 - Feb 6, 2012 |
| Type of Account |
Minimum Balance |
Notes |
Interest
Rate
|
Annual
Percentage Yield
|
| Statement Savings
Account* |
$100 minimum balance or
quarterly maintenance fee of $3.00 with accrual
of interest plus 50¢ per transaction after ten
transactions.
|
No minimum balance or fees
for children under 18 or senior citizens.
|
.21% |
.21%
|
| Interest
rates are subject to change. Contact Park
Bank for more information. |
| * See Footnotes
Back to top |
IRA
Individual
Retirement Accounts
Interest Rates Effective
Jan 31 - Feb 6, 2012
|
| Type of Account |
Minimum Balance |
Notes |
Interest
Rate
|
Annual
Percentage Yield
|
| 18 Month Variable Rate
IRA* |
$100 minimum balance.
|
Interest may change the
first Tuesday of each month.
|
.56% |
.56%
|
| 18 Month Fixed Rate IRA*
|
$500 minimum balance.
|
Current rates for new
Certificates are posted every Tuesday.
|
.79% |
.79%
|
| 2 1/2 Year Fixed Rate
IRA* |
$500 minimum balance.
|
Current rates for new
Certificates are posted every Tuesday.
|
1.21% |
1.21%
|
| Interest
rates are subject to change. Contact Park
Bank for more information. |
| * See Footnotes
Back to top |
CDs
Certificates
of Deposit **
Interest Rates Effective
Jan 31 - Feb 6, 2012
|
| |
|
With a $ 2,500 Minimum
Balance to Earn Annual Percentage Rate |
With a $ 10,000 Minimum
Balance to Earn Annual Percentage Rate
|
| Term of Certificate |
|
Interest
Rate
|
Annual
Percentage Yield
|
Interest
Rate
|
Annual
Percentage Yield
|
| 7 to 91 Day |
|
.01% |
.01%
|
.26% |
.26%
|
| 91 Day |
|
.10% |
.10%
|
.35% |
.35%
|
| 6 Month |
|
.10% |
.10%
|
.35% |
.35%
|
| 1 Year |
|
.54% |
.54%
|
.79% |
.79%
|
| 1 1/2 Year |
|
.54% |
.54%
|
.79% |
.79%
|
| 2 Year |
|
.96% |
.96%
|
1.21% |
1.21%
|
| 2 1/2 Year |
|
.96% |
.96%
|
1.21% |
1.21%
|
| 3 Year |
|
1.26% |
1.26%
|
1.51% |
1.52%
|
| 4 Year |
|
1.64% |
1.65%
|
1.89% |
1.90%
|
| Interest
rates are subject to change. Contact Park
Bank for more information. |
| ** See Footnotes
Back to top |
FOOTNOTES
Footnotes
To Account Information
|
| * As a special welcome
to our new checking or savings accounts, there is
no minimum balance requirement or any
maintenance fee during the first month your
account is opened. After the first
month, if the daily balance on any day during the
monthly statement cycle falls below the required
minimum balance, you will be assessed the
appropriate maintenance fee. |
|
* Fees could reduce earnings |
|
** Penalty for early withdrawal |
| * Your interest rate and
annual percentage yield may change at any time at
Park Bank's discretion and will be posted in the
lobbies of any office. |
| * 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. |
| ** Interest will be
compounded and credited quarterly, except 7 to 31
day Certificates, which compound and pay at
maturity. 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.
|
| Contact Park Bank for
more information, as well as a list of other
terms and conditions. |
| Back to top |
|
