Current Physician Bank Deposit Rates

Current Rates

Physician Bank Deposit Products

CHECKING ACCOUNTS

Payroll Plus CHECKING

Earn 4.04% APY2 with our highest interest-bearing checking account when qualifications are met.

$100 minimum opening deposit – interest compounds monthly.

Payroll Plus Rates effective as of March 1, 2024.

Qualifying Balances Annual Percentage Yield
$0.01 – $100,0001 4.04% APY2 (Interest Rate: 3.97%)
$100,000.01 and greater1 0.14% APY2
Non-qualifying balances 0.05% APY2

eCENTIVE CHECKING

Checking & debit card account with high interest rates when qualifications are met.

$100 minimum opening deposit – interest compounds monthly.

eCentive rates effective as of March 1, 2024.

Qualifying Balances Annual Percentage Yield
$0.01 – $100,0001 2.02% APY2 (Interest Rate: 2.00%)
$100,000.01 and greater1 0.14% APY2
Non-qualifying balances 0.05% APY2

Savings ACCOUNT

Jumbo Deposit

Our Jumbo Deposit Account is an interest-bearing savings account with flexible options to ensure deposits up to $7 million can be fully FDIC insured.

$1000 minimum opening deposit – interest compounds monthly.

Jumbo Deposit rates effective as of March 1, 2024.

Qualifying Balances Annual Percentage Yield
$2,000,000 +1 4.25% APY2 (Interest Rate: 4.17%)
$230,000 +1 3.02% APY2 (Interest Rate: 2.98%)
$0.01 – $100,0001 2.04% APY2
Non-qualifying balances 1.01% APY2

Certificate of Deposit

Triple Option CD

Unlike a traditional Certificate of Deposit (CD), our Triple Option CDs come with FDIC insurance and provide three valuable benefits:

$1000 minimum opening deposit – interest compounds monthly.

CD rates effective as of March 15, 2024.

Term $2,000 Min. Balance3 for APY2 $25,000 Min. Balance3 for APY2 $75,000 Min. Balance3 for APY2
6 Month
(Interest Rate)
5.30% APY2
(5.23%)
5.30% APY2
(5.23%)
5.30% APY2
(5.23%)
12 Month 4.79% 4.79% 4.79%

Health Savings Account

Physician HSA

Designed for use with a high deductible health plan.

$30 minimum opening deposit ~ interest compounds monthly.

Health Savings Account rates effective as of March 1, 2024.

CALL 1-888-632-2651
Qualifying Min. Balances Annual Percentage Yield
$5,000 3.02% APY2
$.01 to $4,999.99 1.01% APY2

1 Must meet monthly requirements to receive qualifying interest rates. Once you meet the monthly qualifications, interest will be recalculated at the appropriate interest rate and eligible fees will be refunded.
2 APY = annual percentage yield. Fees may reduce earnings. Interest rate may change after the account is opened.
3 Minimum balance to open the account and to obtain the stated APY.

New! 4.04% APY* on checking.
*APY = Annual Percentage Yield

Accessibility Toolbar

Payroll Plus Checking Account

*APY = Annual Percentage Yield. Fees may reduce earnings. Interest rate is variable and may change after the account is opened. Rate applies to balances between $0.01 and $100,000

To earn 4.04%, you must:

  1. Have at least $5,000 in direct deposit each month from payroll, social security, investment income, or other forms of monthly income.
  2. Have monthly debit card purchases posted to your account equaling a minimum of $500. Please note that ATM transactions do not count toward the debit card purchase requirement.
  3. Enroll and receive monthly eStatements. With eStatements, you must have a valid email address to enroll. $4 per month fee applies if not enrolled in eStatements and paper statements are sent through U.S. Mail.

Payroll Plus Rates effective as of March 1, 2024. Minimum opening deposit of $100.