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Parkway Bank and Trust Company


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.parkwaybank.com
708-867-6600
4800 N. Harlem Avenue
Harwood Heights, IL 60706

Parkway Bank and Trust Company is headquartered in HARWOOD HEIGHTS and is the 20th largest bank in the state of Illinois. It is also the 362nd largest bank in the nation. It was established in 1964 and as of March of 2025, it had grown to 280 employees at 27 locations. Parkway Bank and Trust Company's CD rates are 11% higher than the national average, and it has a B+ health rating.

Reviews (1)

Very Difficult Bank To Do Business With

Posted by: |

I've banked with Parkway for over a decade. I finally have had enough and I'm closing my accounts. I had one fee in ten years.. ONE and it took an act of God for them to reverse it because "they don't reverse fees". That was over a year ago.

Their online portal is not user friendly and still has a phone number from 10 years ago attached to my account (that is used for verifying my identity no less) that no one is able to fix for some reason. A lot of the functionality that I get with other banks, I do not have access to with this one.

Last year, I went to use my debit card only to find out they deleted it from my account because I had not used it in over 6 months. These accounts were my "rainy day accounts" so I put money in and rarely pulled it out.. and when I went to finally do so, I couldn't.

So I've started to pull my money out.

Friendly bankers but all in all, not a great bank to do business with.

7


Health
B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #19008
Year Established1964
Employees280
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD8.89%
Annual Interest Income$46MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$3.59B$3.48B
LoansQ1 2025vs Q1 2024$2.78B$2.67B
DepositsQ1 2025vs Q1 2024$2.81B$2.77B
Equity CapitalQ1 2025vs Q1 2024$388.9MM$365.8MM
Loan Loss AllowanceQ1 2025vs Q1 2024$33.2MM$32.2MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$31.5MM$34.5MM
Real Estate OwnedQ1 2025vs Q1 2024$4.9MM$179K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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Always verify rates and promotions with the bank or credit union. We are not Parkway Bank and Trust Company; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Parkway Bank and Trust Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.70%*†$0$100kKasasa Saver
OTHER TIERS: 0.40% → $100k+
0.05%†$100-Savings Account

Parkway Bank and Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.43%*†$2m*-Personal Preferred Money Market (PPMM)
OTHER TIERS: 0.18% → $2.5k - $15k | 0.23% → $15k - $50k | 0.25% → $50k - $100k | 0.36% → $100k - $300k | 0.37% → $300k - $1m | 0.39% → $1m - $2m
0.43%*†$2m*-Business Preferred Money Market (BPMM)
OTHER TIERS: 0.18% → $5k - $15k | 0.23% → $15k - $50k | 0.25% → $50k - $100k | 0.36% → $100k - $300k | 0.37% → $300k - $1m | 0.39% → $1m - $2m

Parkway Bank and Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*†$0$25kKasasa Cash (30+ debit card transactions)
OTHER TIERS: 0.25% → $25k+
2.00%*†$0$25kKasasa Cash (12-29 debit card transactions)
OTHER TIERS: 0.25% → $25k+
0.05%†$1k-Now Account

Parkway Bank and Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.23%$1k-6 Month CD Special
1.20%†$1k-60 Month CD
1.05%†$1k-48 Month CD
1.00%†$1k-12 Month CD
1.00%†$1k-18 Month CD
1.00%†$1k-24 Month CD
1.00%†$1k-30 Month CD
1.00%†$1k-36 Month CD
1.00%†$1k-42 Month CD
0.65%†$1k-9 Month CD
0.40%†$1k-6 Month CD
0.30%†$1k-91 Day CD

Parkway Bank and Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%†$500-60 Month IRA
1.05%†$500-48 Month IRA
1.00%†$500-12 Month IRA
1.00%†$500-18 Month IRA
1.00%†$500-24 Month IRA
1.00%†$500-30 Month IRA
1.00%†$500-36 Month IRA
1.00%†$500-42 Month IRA
Locations

Availability

Chicago Area

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