Business Banking
Personal Savings
Peapack-Gladstone Bank has some of the best personal savings products and services around. Since 1921, we have provided personalized service with a variety of products to meet your needs.
Kids Website Open an Account Rates and Terms
Certificates of Deposit
Certificates of Deposit are excellent tools for managing your money when you are able to set aside funds for a period of time.
- A variety of terms from 7 days to 5 years
CDARS
Looking for a way to keep large deposits safe? With CDARS, you can access FDIC protection on multi-million dollar CD investments through Peapack-Gladstone Bank. CDARS is the Certificate of Deposit Account Registry Service®. And it's the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $100,000. There are few guarantees in life--FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you. 1
Why CDARS? It's one-stop shopping. With help from CDARS, you can access:
- Safety - Your money can access multi-million dollar FDIC insurance coverage.
- Convenience - You work directly with us. You earn one interest rate, receive one regular statement and one year-end tax form.
- Community Investment - The full value of your money can support lending opportunities in your local community.2
- CD-Level Rates - Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts and money market funds.
How does CDARS work? We are a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the same network - in increments of less than $100,000 - so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.
These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for community lending purposes. 2
What else should I know?
Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.
And with CDARS, you can eliminate the need to monitor changing collateral values - another time saving convenience. Of course, your confidential account information remains protected.
Ask how CDARS can work for you the next time you visit one of our branches, or email info@pgbank.com for more information.
1 Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Peapack-Gladstone Bank. The agreement contains important information and conditions regarding the placement of funds by us.
2 This benefit applies to some, but not all types of CDARS transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
IRA Certificates of Deposit
Save for retirement and manage your money in a tax deferred Certificate of Deposit.
- A variety of terms from 6 months to 5 years
- FDIC insured up to $250,000
High Yield Money Market
Have your money work for you with this high yield account. Earn a competitive rate of interest that is compounded and credited monthly.
- Minimum to open $5,000
- Avoid $20 monthly service fee by maintaining a minimum daily balance of $5,000
- Unlimited ATM and in person withdrawals - up to 6 other transfers/withdrawals per monthly statement cycle
- $10 fee for each check paid in excess of 6 per monthly statement cycle
- Monthly statements
Six Tier Money Market
This account is designed to earn higher returns on your money. Your yield increases as your balance grows.
- Minimum to open $1,000
- Avoid $15 monthly service fee by maintaining a minimum daily balance of $1,000
- Unlimited ATM and in person withdrawals - up to 6 other transfers/withdrawals per monthly statement cycle
- $10 fee for each check paid in excess of 6 per monthly statement cycle
- Monthly statements
- Interest compounded and credited monthly
Club Savings
Holiday Club
Old fashioned values return with the PGB Holiday Club! Have more money to spend on gifts, instead of credit card interest!
- Starting in November, save each week for 50 weeks
- Choose a fixed amount you want to save each week...$5, $10, $20, $50 or $100
- The following November, withdraw the full amount plus interest earned to shop for the holidays
- To qualify, you must have or open a PGB Checking Account
Join the club beginning November 15, 2009!
Vacation Club OPEN YOUR VACATION CLUB IN MAY 2010!
Old fashioned values return with the PGB Vacation Club! Save for a great getaway and escape credit card finance charges!
- Save each week for 50 weeks
- Choose a fixed amount you want to save each week...$5, $10, $20, $50 or $100
- Withdraw the full amount plus interest earned to take your vacation
- Earn interest, instead of paying interest on credit cards
- To qualify, you must have or open a PGB Checking account
Join the club beginning May 1, 2010!
IRA Savings
Enjoy earnings that increase with your account balance plus convenience and liquidity combined with safety and security. Our Tiered IRA Savings Account is perfect for Traditional or Roth IRAs.
- Open an account with just $1.00
- Enjoy the flexibility to deposit or withdraw funds
- Make recurring deposits instead of one lump sum
- Benefit from the flexibility of tiered interest rates
- Transfer contributions or rollovers from other funds
- Enjoy the security of FDIC insurance up to $250,000
- Contribution and distribution limitations apply
Pony Club Savings
Teach your children to save. This account is designed to encourage children under 22 to save for the future.
- Minimum to open $10
- ATM card available to members 18 years of age or older
- $.10 per in person withdrawal in excess of 3 per quarter - up to 6 other transfers/withdrawals per calendar month
- Quarterly statements (if electronic transactions occur, a statement will be rendered monthly)
- Interest compounded and credited quarterly
Sensible Savings
Remember the good old days when people actually saved for the things they wanted? We do and so do many of our customers so we're introducing an easy away to save real money for what you want and save yourself from costly credit card debt. With PGB Sensible Savings you can build a nest egg instead of scrambling for financing!
- Save any amount, for any purpose, starting any time
- Have a portion of your checking account funds automatically transferred to your PGB Sensible Savings account on a regular schedule in the amount you choose.
- Withdraw your funds when you're ready*
- Earn interest instead of paying interest on credit cards or loans
- To qualify, you must have or open a PGB Checking account
*Transaction limitations apply.
Statement Savings
For the individual who wants to earn a competitive savings account rate.
- Minimum to open $100
- Avoid $8 quarterly service fee with low $100 minimum daily balance
- $.50 per in person withdrawal in excess of 9 per quarter - up to 6 other transfers/withdrawals per calendar month
- Quarterly statements (if electronic transactions occur, a statement will be rendered monthly)
- Interest compounded and credited quarterly
- Free Online Banking
- ATM card with no annual fee
