Deposit Rates

 

 

Certificate of Deposit 2
Term
Minimum Balance Required
APR (Annual Percentage Rate)
APY (Annual Percent Yield)1
01 and 02 MONTHS
$500.00
2.96%
3.00%
03 MONTHS
$500.00
3.44%
3.50%
06 MONTHS
$500.00
3.44%
3.50%
12 MONTHS
$1,000.00
3.44%
3.50%
18 MONTHS
$1,000.00
3.44%
3.50%
24 MONTHS
$1,000.00
3.44%
3.50%
30 MONTHS
$1,000.00
2.76%
2.80%
36 MONTHS
$1,000.00
3.20%
3.25%
48 MONTHS
$1,000.00
2.47%
2.50%
60 MONTHS
$1,000.00
2.47%
2.50%
Checking Products
Term
Minimum Balance Required
APR (Annual Percentage Rate)
APY (Annual Percent Yield)1
50+ Interest Checking
$50.00
0.05%
0.05%
Direct Interest Checking
$50.00
0.05%
0.05%
Premium Interest Checking
$1.00-$1,499.99
0.05%
0.05%
Premium Interest Checking
$1,500.00-$49,999.99
0.08%
0.08%
Premium Interest Checking
$50,000.00
0.10%
0.10%
Preferred Checking
No minimum balance required
0.00%
0.00%
Business Interest Checking
$50.00
0.05%
0.05%
IOLA/IOLTA
$1,000.00
0.20%
0.20%
Money Market Products 2
Term
Minimum Balance Required
APR (Annual Percentage Rate)
APY (Annual Percent Yield)1
Money Market 1
$1.00-$1,499.99*
0.10%
0.10%
Money Market 1
$1,500.00-$49,999.99*
0.15%
0.15%
Money Market 1
$50,000.00
0.20%
0.20%
Investor's Special MMDA 1
$50,000.00
0.35%
0.35%
Investor's Special MMDA Business 1
$50,000.00
0.35%
0.35%
Savings Products
Term
Minimum Balance Required
APR (Annual Percentage Rate)
APY (Annual Percent Yield)1
Passbook Savings
$500.00
0.10%
0.10%
Ponce Savings
$100.00
0.10%
0.10%
Youth Passbook/Statement
$50.00
0.15%
0.15%
Vacation Club
$50.00
0.10%
0.10%
Holiday Club
$50.00
0.10%
0.10%
Lease Security
$0.00
0.10%
0.10%
Promotional Products
Term
Minimum Balance Required
APR (Annual Percentage Rate)
APY (Annual Percent Yield)1
07 MONTHS
$1.000,00
3.92%
4.00%
Non-Profit Business Checking
No minimum balance required
1.72%
1.73%
CDFI Money Market
No minimum balance required
2.96%
3.00%
Individual Retirement Accounts (IRA) 3
Term
Minimum Balance Required
APR (Annual Percentage Rate)
APY (Annual Percent Yield)1
01 and 02 Months
$500.00
2.96%
3.00%
03 Months
$500.00
3.44%
3.50%
06 Months
$500.00
3.44%
3.50%
12 Months
$1,000.00
3.44%
3.50%
18 Months
$1,000.00
3.44%
3.50%
24 Months
$1,000.00
3.54%
3.60%
36 Months
$1,000.00
3.20%
3.25%
48 Months
$1,000.00
2.57%
2.60%
60 Months
$1,000.00
2.47%
2.50%
Individual Retirement Savings Accounts
Term
Minimum Balance Required
APR (Annual Percentage Rate)
APY (Annual Percent Yield)1
IRA Savings
$100.000
0.10%
0.10%

Effective Dates:

Effective as of June 1

Prime Rate: 6.75%

APYs effective as of June 1, 2026.

Products, services, terms and conditions subject to change without notice. Fees may reduce earnings. Please contact us at (718) 931-9000 for current Interest rates and other products.
1 APY – Annual Percentage Yield.
2 The minimum balance to open and obtain the APY for Certificates of Deposits (CDs) 1-6months is $500. The minimum balance to open and obtain the APY for CDs 12-60months is $1,000. A penalty may be imposed for withdrawals before maturity on CDs. Fees may reduce earnings. Offer and rates may change without prior notice.
3 IRA Accounts are available as Certificates of Deposits (CDs) with terms from 1 to 60 months. The minimum balance to open and obtain the APY for CDs 1-6 months is $500. The minimum balance to open and obtain the APY for CDs 12-60 months is $1,000. A penalty may be imposed for withdrawals before maturity on CDs. Fees may reduce earnings. Additional contributions are not permitted during the term of the CDs. Annual contributions subject to limitations.
4 Rate may change after the account is opened. For additional important information, please see Personal Checking, Personal Savings, Business Checking and Business Savings.
5 The minimum balance to open and obtain this promotional APY is $1,000 for 7 month CD. Applies to new deposits only (funds previously not within another Ponce Bank account.) A penalty may be imposed for withdrawals before maturity, and fees may reduce earnings. Offer and rates may change without prior notice. For more information, speak to a Ponce Banker.