GRB’s current rates cover a wide range of products and services designed for the Rochester community. The bank offers competitive interest rates for deposit accounts and loans, as well as special programs and offers to help our customers meet their financial goals.
Interest rates are subject to change, please use the Contact Us form if you have any questions about rates or terms, wish to apply for a loan, or choose to open an account.
Specials
Reward Checking
Earn up to 4.00% Annual Percentage Yield (APY) for doing what you do everyday with your checking account.
CD Special
Earn more with a CD special from GRB. For just 5 months, earn at a rate of 4.25% on your investment.
Home Equity Line of Credit
HELOCs provide low-cost funding for improvements, debt consolidation, paying college tuition and more.
Rates and Accounts
Personal Checking Account Rates
Account Type1 | Best If… | Interest Rate | APY2 | Minimum Balance to Obtain APY
| Minimum to Open |
|---|---|---|---|---|---|
|
Value
|
You need a simple and easy checking account
|
N/A
|
N/A
|
N/A
|
N/A
|
|
Reward3, fewer than 12 monthly transactions
|
You want to receive premium interest rewards – just for using your account
|
0.03%
|
0.03%
|
$0.01
|
N/A
|
|
Reward3, 12 transactions or more per month, $0 – $15,000
|
3.93%
|
4.00%
|
$0.01
|
N/A
|
|
|
Reward3, $15,000.01+
|
3.93% on the first $15,000
0.03% on amounts over $15,000 |
4.00% on the first $15,000
0.03% on amounts over $15,000 |
$0.01
|
N/A
|
|
|
Elite Checking4, fewer than 12 monthly transactions
|
You want to leverage added benefits and advanced banking services
|
0.05%
|
0.05%
|
$0.01
|
N/A
|
|
Elite Checking4, 12 transactions or more per month, $0 – $15,000
|
3.93%
|
4.00%
|
$0.01
|
N/A
|
|
|
Elite Checking4, $15,000.01+
|
3.93% on the first $15,000
0.05% on amounts over $15,000 |
4.00% on the first $15,000
0.05% on amounts over $15,000 |
$0.01
|
N/A
|
1 See additional information, disclosures and account features.
2 Annual Percentage Yield (APY) offered is accurate as of 9/25/2024. Fees could reduce earnings on the account. Rates and terms may change without notice after account opening.
3 Automatically earn 0.03% Annual Percentage Yield (APY) on all account balances. Earn 4.00% APY on account balances from $0.01 to $15,000.00 every time you have at least 12 transactions post and clear during a calendar month. Transaction types include any combination of ATM withdrawals, BillPay/Person-to-Person payments, deposits, check payments, Bank-to-Bank transfers, wires, ACH and debit card transactions.
4 Automatically earn 0.05% Annual Percentage Yield (APY) on all account balances. Earn 4.00% APY on account balances from $0.01 to $15,000.00 every time you have at least 12 transactions post and clear during a calendar month. Transaction types include any combination of ATM withdrawals, BillPay/Person-to-Person payments, deposits, check payments, Bank-to-Bank transfers, wires, ACH and debit card transactions. Elite rates and yields are reserved for GRB Elite Banking customers only. Monthly service charge of $35.00 waived if the average daily balance for the month is at least $50,000 in consumer accounts combined (excluding CDs) OR $100,000 in personal and business accounts combined (excluding CDs). Additional terms apply. Contact GRB for more information.
Business Checking Accounts
Account Type | Interest Rate | APY1 | Minimum Balance to Maintain | Minimum to Open |
|---|---|---|---|---|
|
Business Checking with Interest
|
0.01%
|
0.01%
|
$2,500
|
$100
|
1 Annual Percentage Yield (APY) offered is accurate as of 9/25/2024. Fees could reduce earnings on the account. Rates and terms may change without notice after account opening.
Savings Accounts
Account Type | Interest Rate | APY1 | Minimum Balance to Maintain | Minimum to Open |
|---|---|---|---|---|
|
Statement
|
0.10%
|
0.10%
|
$100
|
$25
|
1 Annual Percentage Yield (APY) offered is accurate as of 9/25/2024. Fees could reduce earnings on the account. Rates and terms may change without notice after account opening. Quarterly Service Charge of $5.00 is waived if accountholder maintains an average quarterly balance of $100 or more or the accountholder is 21 years of age or younger.
Personal Money Market Accounts
Average Monthly Balance | Interest Rate | APY1 | Min. Bal. to Obtain APY |
|---|---|---|---|
|
$2,500 – $24,999.99
|
0.25%
|
0.25%
|
$2,500
|
|
$25,000 – $49,999.99
|
0.40%
|
0.40%
|
$25,000
|
|
$50,000 – $99,999.99
|
0.45%
|
0.45%
|
$50,000
|
|
$100,000 – $4,999,999.99
|
0.55%
|
0.55%
|
$100,000
|
|
$5,000,000+
|
1.00%
|
1.00%
|
$5,000,000
|
|
Elite Money Market2, $0 – $49,999.99
|
0.40%
|
0.40%
|
No minimum required
|
|
Elite Money Market2, $50,000 – $99,999.99
|
0.55%
|
0.55%
|
No minimum required
|
|
Elite Money Market2, $100,000 – $249,999.99
|
0.65%
|
0.65%
|
No minimum required
|
|
Elite Money Market2, $250,000 – 499,999.99
|
0.80%
|
0.80%
|
No minimum required
|
|
Elite Money Market2, $500,000+
|
1.00%
|
1.00%
|
No minimum required
|
1 Annual Percentage Yield (APY) offered is accurate as of 9/25/2024. Fees could reduce earnings on the account. Rates and terms may change without notice after account opening. $2,500 is the minimum to open a regular Money Market account.
2Annual Percentage Yield (APY) offered is accurate as of 9/25/2024. Fees could reduce earnings on the account. We use the Daily Balance Method to calculate the interest on this account. Elite rates and yields are reserved for GRB Elite Banking customers only. Additional terms apply. Rates and terms may change without notice after account opening. Contact GRB for more information.
Business Money Market Accounts
Average Monthly Balance | Interest Rate | APY1 | Min. Bal. to Obtain APY | Minimum to Open |
|---|---|---|---|---|
|
$2,500 – $9,999.99
|
0.01%
|
0.01%
|
$2,500
|
$2,500
|
|
$10,000 – $24,999.99
|
0.03%
|
0.03%
|
$10,000
|
$2,500
|
|
$25,000 – $49,999.99
|
0.05%
|
0.05%
|
$25,000
|
$2,500
|
|
$50,000 – $249,999.99
|
0.10%
|
0.10%
|
$50,000
|
$2,500
|
|
$250,000+
|
0.15%
|
0.15%
|
$250,000
|
$2,500
|
1 Annual Percentage Yield (APY) offered is accurate as of 9/25/2024.
Fees could reduce earnings on the account. Rates and terms may change without notice after account opening.
CDs
Term | Interest Rate | APY1 | Elite Interest Rate2 | Elite APY1 |
|---|---|---|---|---|
|
7 to 31 Days
|
1.98%
|
2.00%
|
2.23%
|
2.25%
|
|
32 Days to 5 Months
|
2.23%
|
2.25%
|
2.47%
|
2.50%
|
|
6 to 11 Months
|
2.47%
|
2.50%
|
2.72%
|
2.75%
|
|
12 to 17 Months
|
1.98%
|
2.00%
|
2.23%
|
2.25%
|
|
18 to 23 Months
|
1.98%
|
2.00%
|
2.23%
|
2.25%
|
|
24 to 29 Months
|
1.98%
|
2.00%
|
2.23%
|
2.25%
|
|
30 to 35 months
|
1.98%
|
2.00%
|
2.23%
|
2.25%
|
|
36 to 47 Months
|
1.98%
|
2.00%
|
2.23%
|
2.25%
|
|
48 to 59 Months
|
1.98%
|
2.00%
|
2.23%
|
2.25%
|
|
60 Months +
|
1.98%
|
2.00%
|
2.23%
|
2.25%
|
Minimum to open CDs and IRA CDs & obtain APY is $500.
Contact us for more information on our CD rates.
1 Annual Percentage Yield (APY) offered is accurate as of 9/25/2024.
Fees could reduce earnings on the account. A penalty may be imposed for early withdrawal.
2 Elite rates and yields are reserved for GRB Elite Banking customers only. Additional terms apply. Contact GRB for more information.
Health Savings Accounts
Daily Balance | Interest Rate | APY1 | Minimum to Open Account |
|---|---|---|---|
|
$0 – $2,499.99
|
0.05%
|
0.05%
|
$0
|
|
$2,500 – $4,999.99
|
0.15%
|
0.15%
|
$0
|
|
$5,000 – $9,999.99
|
0.25%
|
0.25%
|
$0
|
|
$10,000 – $24,999.99
|
0.35%
|
0.35%
|
$0
|
|
$25,000+
|
0.45%
|
0.45%
|
$0
|
1 Annual Percentage Yield (APY) offered is accurate as of 9/25/2024. Rates and terms may change without notice after account opening. Fees could reduce earnings on the account.
Personal Loans
Loan Type | Term | Loan Amount | APR* | APR* w/Deposit Relationship** |
|---|---|---|---|---|
|
Personal Secured‡
|
12 – 60 months
|
$2,000 – $1,000,000
|
Prime + 1.00% (9.00%)
|
Prime + 0.00% (8.00%)
|
|
New automobile secured loan^
|
12 – 36 months
|
$2,000 – $50,000
|
7.25%
|
6.25%
|
|
37 – 48 months
|
$2,000 – $50,000
|
7.25%
|
6.25%
|
|
|
49 – 60 months
|
$2,000 – $50,000
|
7.25%
|
6.25%
|
|
|
Used automobile secured loan
|
12 – 36 months
|
$2,000 – $50,000
|
7.75%
|
6.75%
|
|
37 – 48 months
|
$2,000 – $50,000
|
7.75%
|
6.75%
|
|
|
49 – 60 months
|
$2,000 – $50,000
|
7.75%
|
6.75%
|
|
|
New boats, campers and RVs^
|
12 – 60 months
|
$2,000 – $100,000
|
9.00%
|
8.00%
|
|
61 – 72 months
|
$2,000 – $100,000
|
9.25%
|
8.25%
|
|
|
73 – 120 months
|
$2,000 – $100,000
|
9.75%
|
8.75%
|
|
|
Used boats, campers and RVs
|
12 – 60 months
|
$2,000 – $100,000
|
10.00%
|
9.00%
|
|
61 – 72 months
|
$2,000 – $100,000
|
10.25%
|
9.25%
|
|
|
73 – 120 months
|
$2,000 – $100,000
|
10.50%
|
9.50%
|
|
|
Home Improvement unsecured loan
|
12 – 60 months
|
$2,000 – $25,000
|
13.25%
|
12.25%
|
|
Personal Unsecured
|
12 – 36 months
|
$2,000 – $66,400
|
13.50%
|
12.50%
|
|
Personal Unsecured
|
12 – 36 months
|
$66,401 – $250,000
|
10.25%
|
9.25%
|
* APR = Annual Percentage Rate. Prime = Wall Street Journal Prime Rate, which is 8.00% as of 9/25/2024. The APRs shown are current as of 9/25/2024 and are available to customers who have the credit scores required by GRB. All rates and terms are subject to credit qualification. Rates are subject to change without notice. Examples of monthly payments for various types of loans are as follows: The monthly payment for a new auto loan of $20,000 with an APR of 7.25% repayable over 60 months would be $398.39. The monthly payment for an unsecured personal loan of $10,000 with an APR of 13.50% repayable over 36 months would be $339.35. The monthly payment for a home improvement loan of $10,000 with an APR of 13.25% repayable over 60 months would be $228.81.
** A Deposit Relationship is defined as having payments auto-deducted from a GRB deposit account or direct deposit of income into a GRB deposit account.
‡ Personal secured loans can be secured with GRB deposits or marketable securities. The bank will consider other sources of collateral, such as real estate, on a case-by-case basis.
^ New vehicles (cars, boats and RVs) are considered those within two years from the current model year or previously unregistered. Additional fees apply for vehicles ($5.00 DMV MV901 filing fee for titled vehicles; $40.00 VCC filing fee for non-titled vehicles).
Personal Line of Credit
Loan Type | Term | Loan Amount | APR* | APR* w/Deposit Relationship** |
|---|---|---|---|---|
|
Personal Secured‡
|
3 year draw/3 year term
|
$2,000 – $1,000,000
|
9.00% (Prime + 1.00%)
|
8.00% (Prime + 0.00%)
|
|
Personal Unsecured^
|
3 year draw/3 year term
|
$2,000 – $66,400
|
12.00% (Prime + 4.00%)
|
11.00% (Prime + 3.00%)
|
|
Personal Unsecured^
|
3 year draw/3 year term
|
$66,401 – $250,000
|
11.00% (Prime + 3.00%)
|
10.00% (Prime + 2.00%)
|
|
Overdraft Protection
|
N/A
|
$300 – $10,000
|
16.00%
|
16.00%
|
* APR = Annual Percentage Rate. Prime = Wall Street Journal Prime Rate, which is 8.00% as of 9/25/2024. The APRs shown are current as of 9/25/2024 and are available to customers who have the credit scores required by GRB. All rates and terms are subject to credit qualification. Rates are subject to change without notice.
** A Deposit Relationship is defined as having payments auto-deducted from a GRB deposit account or direct deposit of income into a GRB deposit account.
‡ Personal secured lines can be secured with GRB deposits or marketable securities. The bank will consider other sources of collateral, such as real estate, on a case-by-case basis. Rate is variable at Wall Street Journal Prime + 1.00%. With a deposit relationship, rate is variable at WSJ Prime + 0.00%. All secured personal lines of credit have floors of 3.00% and ceilings of 15.00%. The WSJ Prime rate is 8.00% as of 9/25/2024.
^ For personal unsecured lines up to $66,400, rate is variable at WSJ Prime + 4.00%. With a deposit relationship, rate is variable at WSJ Prime + 3.00%. For unsecured lines $66,401 or more, rate is variable at WSJ Prime + 3.00%; with a deposit relationship, this rate is variable at WSJ Prime + 2.00%. All unsecured personal lines have a floor of 6.00% and a ceiling of 15.00%. The WSJ Prime rate is 8.00% as of 9/25/2024.
Home Equity Line of Credit
Whether you are ready to make some home improvements, pay for college, or pay off debt, a home equity line of credit (HELOC) from GRB offers great rates and flexible terms.
Rates lower than prime!