Park Bank CD Rates

Park Bank began on the date July 18, 1966. Its name was chosen because Park Street was the name of the street that the first branch was opened on. This was the case then and has not changed over the ensuing years. For 17 years the Park Bank had only that one location. Today Park Bank is known as the longest serving community bank in Madison, Wisconsin. It is a full service, independent financial institution that has built a respectable and solid reputation over the years for both its competitive products as well as its honest and friendly approach to doing business.

Park Bank began on the date July 18, 1966. Its name was chosen because Park Street was the name of the street that the first branch was opened on. This was the case then and has not changed over the ensuing years. For 17 years the Park Bank had only that one location. Today Park Bank is known as the longest serving community bank in Madison, Wisconsin. It is a full service, independent financial institution that has built a respectable and solid reputation over the years for both its competitive products as well as its honest and friendly approach to doing business.

The Park Bank CD rates are competitive with other banks and their community-based philosophy has long-term and new customers coming back for more all of the time. The bank prides itself on offering the products that customers want and providing the service they have come to expect. The bank works its hardest to build client loyalty.

The Park Bank way is to put success at the center of their thinking. To put it the simplest way possible, caring comes before calculating for them. This is what matters most. The Park Bank offers personal banking products to its customers, as well as business banking and mortgages. Whether you wish to open a checking account, a savings account, a CD or an IRA you can do it here. You can also apply for a mortgage with the Park Bank, as well as a personal loan, an auto loan and a credit card. The Park Bank also has debit cards, gift cards, health savings accounts and home equity lines of credit.

CDs and IRAs are referred to as term-based investments. That is because they have a definitive beginning and a definitive ending to them. These investments are low risk and offer higher returns than savings accounts do. However unlike a savings account you cannot withdraw any money from the CD or IRA for the length of the deposit.

Both types of investments are insured by the FDIC (which stands for the Federal Deposit Insurance Corporation) up to the total of $250,000. As long as the money you have invested does not exceed this amount then you are safe in the event that the bank experiences serious financial problems, goes bankrupt or goes out of business completely.

Losing the principal on a Park Bank certificate of deposit is not something that ever happens. Unlike most banks, the Park Bank will grant you permission to access the money in a CD once during the term. The penalty you face will be limited and the bank will make sure that you get back at least the amount of principal that you started out with.

If you would like to have more than one certificate of deposit with the Park Bank then a personal banker from the financial establishment can help you to structure your portfolio to make laddering possible. This will provide you with the liquidity that you require.

To learn more about the current Park Bank CD rates visit the website found at http://www.parkbank.com/.