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Parkway Bank and Trust Company


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 18th largest bank in the state of Illinois. It is also the 356th largest bank in the nation. It was established in 1964 and as of March of 2024, it had grown to 298 employees at 29 locations. Parkway Bank and Trust Company's money market rates are 70% higher than the national average, and it has a B+ health rating.

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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.

4


Health
B+

Data as of Q1 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #19008
Year Established1964
Employees298
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD9.26%
Annual Interest Income$44.8MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$3.48B$3.22B
LoansQ1 2024vs Q1 2023$2.67B$2.48B
DepositsQ1 2024vs Q1 2023$2.77B$2.61B
Equity CapitalQ1 2024vs Q1 2023$365.8MM$337.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$32.2MM$37.7MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$34.5MM$130K
Real Estate OwnedQ1 2024vs Q1 2023$179K$1.6MM
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
0.75%*†$2m*-Personal Preferred Money Market (PPMM)
OTHER TIERS: 0.35% → $2.5k - $15k | 0.37% → $15k - $50k | 0.42% → $50k - $100k | 0.53% → $100k - $300k | 0.54% → $300k - $1m | 0.56% → $1m - $2m
0.75%*†$2m*-Business Preferred Money Market (BPMM)
OTHER TIERS: 0.35% → $5k - $15k | 0.37% → $15k - $50k | 0.42% → $50k - $100k | 0.53% → $100k - $300k | 0.54% → $300k - $1m | 0.56% → $1m - $2m

Parkway Bank and Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%*†$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
4.75%$1k-10 Month CD Special
1.50%†$1k-12 Month CD
1.50%†$1k-18 Month CD
1.50%†$1k-24 Month CD
1.20%†$1k-60 Month CD
1.05%†$1k-48 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
1.50%†$500-12 Month IRA
1.50%†$500-18 Month IRA
1.50%†$500-24 Month IRA
1.20%†$500-60 Month IRA
1.05%†$500-48 Month IRA
1.00%†$500-30 Month IRA
1.00%†$500-36 Month IRA
1.00%†$500-42 Month IRA
Locations

Availability



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