Parke Bank Rates and Review February 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Parke Bank's 6-Month 6-Month CD rates are at 3.75%, IRA Certificate 6-Month rates are at 3.75%, IRA Certificate 12-Month rates are at 3.50%, IRA Certificate 18-Month rates are at 3.25%, IRA Certificate 60-Month rates are at 3.25%. Parke Bank's savings rates are at 0.35%. Parke Bank's money market rates are at 0.25%.
Rate Updates and AvailabilityParke 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. Parke Bank Texas RatioParke Bank's Texas Ratio is at 6.65%, which is considered excellent. The Texas Ratio for Parke Bank is higher than the national average of all banks, currently at 6.13%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing. MonitorBankRates Rating
5.0
Excellent
Out of 5.0 Stars
Parke Bank has earned a Smart Rating of 5.0 out of 5 stars. 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. Overall, Parke Bank is a excellent bank worth considering, with an overall rating of 5.0 stars out of 5 stars. Current Interest RatesRate
APY/APR
vs. Avg
"N/A" indicates the product is not offered or the rate is unavailable. 
Parke Bank CD Rates
Parke Bank Savings Rates
Parke Bank Money Market Rates
Parke Bank Checking Rates
Parke Bank Home Equity & HELOC
Methodology & Data SourcesMonitorBankRates 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 & OverviewParke Bank
601 Delsea DrSewell, NJ 08080 Gloucester Established Date: 01/28/1999 FDIC Certificate #: 34888 Date of FDIC Deposit Insurance: 01/28/1999 Bank Holding Company: PARKE BCORP INC How Many Domestic U.S. Offices? 8 How Many Branches are There? 8 Website: https://www.parkebank.com
Is Parke Bank FDIC Insured? Yes
What is Parke Bank's Cert number? 34888
What is the maximum amount for insured deposits? $250,000 per holder, per account
Financial Health & AssetsTotal Assets:
$2,008,670,000
Total Deposits:
$1,566,902,000
Equity Capital:
$330,603,000
Net Income:
$6,994,000
Return on Assets (ROA):
1.5340%
Return on Equity (ROE):
9.6100%
Headquarters:
Sewell
Regulator:
FDIC
# of Offices:
8
Source: FDIC | Last Updated 03/31/2024
Customer ReviewsMichael G
June 25, 2025
Best bank , best rates. They never try to cheat you like TD and the like.
Add Your Rating and Review for Parke Bank
Frequently Asked Questions About Parke BankHow do I open an account at Parke Bank?You can typically open an account at Parke Bank by visiting a local branch or applying through their official website. Is there a first-time homebuyer program?Currently, Parke Bank provides a range of mortgage and home equity products. Is Parke Bank a safe place to deposit money?Yes, Parke Bank is considered a safe financial institution. Your accounts are federally insured by the FDIC up to $250,000 per depositor. Does Parke Bank offer online and mobile banking?Most modern institutions like Parke Bank provide digital access including online balance checks and transfers. Compare to other Banks |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
