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Parke Bank Rates & Review March 2026

Parke Bank's 6-Month CD rates are at 3.75%. Parke Bank's savings rates are at 0.35%. Parke Bank's money market rates are at 0.25%. MonitorBankRates evaluates the financial stability of Parke Bank with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 6.65%. Rates were last updated on 03/28/2026.

Parke Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Parke Bank? Share your experience about Parke Bank by leaving a review below, or read customer reviews before you decide to use Parke Bank.

Overall Health & Safety Grade ?
A
Excellent Health Score: 97/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
6.65%
Excellent Higher than avg
Parke Bank
601 Delsea Dr
Sewell, NJ 08080
https://www.parkebank.com
Member FDIC

Parke Bank CD Rates

Product Rate APY Term View More
6-Month CD 3.68% 3.75% 6
Min Balance $500
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%

Parke Bank Savings Rates

Product Rate APY View More
Parke Platinum Plus Savings and higher 2.96% 3.00%
Min Balance $25,000
Details $25,000
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Holiday Club 0.35% 0.35%
No additional details.
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Parke Platinum Plus Savings 0.35% 0.35%
Details $.01 - $24,999.99; $7.00 monthly if below $100
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Statement Savings 0.35% 0.35%
Min Balance $100
Details $7.00 monthly if below $100
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%

Parke Bank Money Market Rates

Product Rate APY View More
Parke Select Business Money Market and higher 3.68% 3.75%
Min Balance $50,000
Details $50,000
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Parke Select Money Market and higher 3.68% 3.75%
Min Balance $50,000
Details $50,000
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Parke Select Business Money Market to $49,999.99 3.44% 3.50%
Min Balance $1,000
Details $0.01
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Parke Select Money Market to $49,999.99 3.44% 3.50%
Min Balance $1,000
Details $0.01
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Business Money Market 0.30% 0.30%
Min Balance $10,000
Details $10,000 and higher
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Personal Money Market 0.30% 0.30%
Min Balance $2,500
Details $2,500 and higher
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Business Money Market 0.25% 0.25%
Min Balance $2,500
Details $2,500 - $9,999.99
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Personal Money Market 0.25% 0.25%
Min Balance $1,000
Details $1,000 - $2,499.99
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%

Parke Bank Checking Rates

Product Rate APY View More
NJ Consumer Checking - 0.00%
Details $3.00 monthly fee
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Non-Interest Checking - 0.00%
Min Balance $100
Details $7.00 if below $100
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Parke Business Checking - 0.00%
No additional details.
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%

Parke Bank Home Equity & HELOC

Product Rate Points APR Term View More
Home Equity Loan 9.00% - 9.00% 1-5 Year Term
No additional details.
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Home Equity Loan 9.25% - 9.25% 6-10 Year Term
No additional details.
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%
Home Equity Loan 9.50% - 9.50% 11-15 Year Term
No additional details.
Last Updated 03/28/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 6.65%

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Parke Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Parke Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Parke Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Parke Bank
Bank Holding Company PARKE BCORP INC
Address 601 Delsea Dr, Sewell, NJ 08080  ·  Gloucester
FDIC Certificate # 34888
Established 01/28/1999
FDIC Insurance Date 01/28/1999
Domestic Offices 8
Total Branches 8
Regulator FDIC
FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A
Overall Health Grade Score: 97/100
5.0
Exceptional Out of 5.0 Stars
6.65%
Texas Ratio Nat'l avg: 5.85%
Return on Assets (ROA) 1.5340%
Return on Equity (ROE) 9.6100%
Non-Performing Loans (NPL) 0.88%
Total Assets $2,249,033,000
Total Deposits $1,762,565,000
Equity Capital $335,785,000
Net Income $40,011,000
Headquarters Sewell
Total Offices 8
Source: FDIC  |  Last Updated 12/31/2025

Customer Reviews

Michael G
★★★★★
June 25, 2025
Best bank , best rates. They never try to cheat you like TD and the like.
Average Rating
★★★★★
Total Reviews
1
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Frequently Asked Questions About Parke Bank

Is Parke Bank a safe place to deposit money?

Yes, Parke Bank is considered a safe financial institution. With a Texas Ratio of 6.6492584864878%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Parke Bank operate?

Parke Bank currently maintains approximately 8 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Parke Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Parke Bank provides members with tools to manage their accounts and build a solid financial history.

Does Parke Bank offer online and mobile banking?

Most modern institutions like Parke Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.parkebank.com.

Current Parke Bank Rates

  • Savings0.35%
  • MMA0.25%
Retrieved from our database of financial products. Rates subject to change.