Current Rates

GRB offers 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 2.00% Annual Percentage Yield (APY) for doing what you do everyday with your checking account

Mortgage Rewards

Earn up to $250 when you close a home mortgage & open a Reward Checking account with GRB

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
Account Type1
Value
Best If…
You need a simple and easy checking account
Interest Rate
N/A
APY2
N/A
Minimum Balance to Obtain APY
N/A
Minimum to Open
N/A
Account Type1
Reward3, fewer than 12 monthly transactions
Best If…
You want to receive premium interest rewards – just for using your account
Interest Rate
0.01%
APY2
0.01%
Minimum Balance to Obtain APY
$0.01
Minimum to Open
N/A
Account Type1
Reward3, 12 transactions or more per month, $0 – $15,000
Best If…
You want to receive premium interest rewards – just for using your account
Interest Rate
1.98%
APY2
2.00%
Minimum Balance to Obtain APY
$0.01
Minimum to Open
N/A
Account Type1
Reward3, $15,000.01+
Best If…
You want to receive premium interest rewards – just for using your account
Interest Rate
0.01%
APY2
0.01%
Minimum Balance to Obtain APY
$0.01
Minimum to Open
N/A
Account Type1
Elite Checking4, fewer than 12 monthly transactions
Best If…
You want to leverage added benefits and advanced banking services
Interest Rate
0.03%
APY2
0.03%
Minimum Balance to Obtain APY
$0.01
Minimum to Open
N/A
Account Type1
Elite Checking4, 12 transactions or more per month, $0 – $15,000
Best If…
You want to leverage added benefits and advanced banking services
Interest Rate
1.98%
APY2
2.00%
Minimum Balance to Obtain APY
$0.01
Minimum to Open
N/A
Account Type1
Elite Checking4, $15,000.01+
Best If…
You want to leverage added benefits and advanced banking services
Interest Rate
0.03%
APY2
0.03%
Minimum Balance to Obtain APY
$0.01
Minimum to Open
N/A

1 See additional information, disclosures and account features.

2 Annual Percentage Yield (APY) offered is accurate as of 1/29/21. Fees could reduce earnings on the account. Rates and terms may change without notice after account opening.

3 Automatically earn 0.01% Annual Percentage Yield (APY) on all account balances. Earn 2.00% 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 0.03% Annual Percentage Yield (APY) on all account balances. Earn 2.00% 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
Account Type
Business Checking with Interest
Interest Rate
0.01%
APY1
0.01%
Minimum Balance to Maintain
$2,500
Minimum to Open
$100

1 Annual Percentage Yield (APY) offered is accurate as of 1/29/21. 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
Account Type
Statement
Interest Rate
0.01%
APY1
0.01%
Minimum Balance to Maintain
$100
Minimum to Open
$25

1 Annual Percentage Yield (APY) offered is accurate as of 1/29/21. 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
Average Monthly Balance
$2,500 – $24,999.99
Interest Rate
0.01%
APY1
0.01%
Min. Bal. to Obtain APY
$2,500
Average Monthly Balance
$25,000 – $49,999.99
Interest Rate
0.03%
APY1
0.03%
Min. Bal. to Obtain APY
$25,000
Average Monthly Balance
$50,000 – $99,999.99
Interest Rate
0.05%
APY1
0.05%
Min. Bal. to Obtain APY
$50,000
Average Monthly Balance
$100,000 – $4,999,999.99
Interest Rate
0.10%
APY1
0.10%
Min. Bal. to Obtain APY
$100,000
Average Monthly Balance
$5,000,000+
Interest Rate
0.15%
APY1
0.15%
Min. Bal. to Obtain APY
$5,000,000
Average Monthly Balance
Elite Money Market2, $0 – $49,999.99
Interest Rate
0.05%
APY1
0.05%
Min. Bal. to Obtain APY
No minimum required
Average Monthly Balance
Elite Money Market2, $50,000 – $99,999.99
Interest Rate
0.10%
APY1
0.10%
Min. Bal. to Obtain APY
No minimum required
Average Monthly Balance
Elite Money Market2, $100,000 – $249,999.99
Interest Rate
0.15%
APY1
0.15%
Min. Bal. to Obtain APY
No minimum required
Average Monthly Balance
Elite Money Market2, $250,000 – 499,999.99
Interest Rate
0.20%
APY1
0.20%
Min. Bal. to Obtain APY
No minimum required
Average Monthly Balance
Elite Money Market2, $500,000+
Interest Rate
0.25%
APY1
0.25%
Min. Bal. to Obtain APY
No minimum required

1 Annual Percentage Yield (APY) offered is accurate as of 1/29/21. 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 1/29/21. 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
Average Monthly Balance
$2,500 – $9,999
Interest Rate
0.01%
APY1
0.01%
Min. Bal. to Obtain APY
$2,500
Minimum to Open
$2,500
Average Monthly Balance
$10,000 – $24,999.99
Interest Rate
0.03%
APY1
0.03%
Min. Bal. to Obtain APY
$10,000
Minimum to Open
$2,500
Average Monthly Balance
$25,000 – $49,999.99
Interest Rate
0.05%
APY1
0.05%
Min. Bal. to Obtain APY
$25,000
Minimum to Open
$2,500
Average Monthly Balance
$50,000 – $249,999.99
Interest Rate
0.10%
APY1
0.10%
Min. Bal. to Obtain APY
$50,000
Minimum to Open
$2,500
Average Monthly Balance
$250,000+
Interest Rate
0.15%
APY1
0.15%
Min. Bal. to Obtain APY
$250,000
Minimum to Open
$2,500

1 Annual Percentage Yield (APY) offered is accurate as of 1/29/21.

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
Term
6 to 11 Months
Interest Rate
0.05%
APY1
0.05%
Elite Interest Rate2
0.30%
Elite APY1
0.30%
Term
12 to 17 Months
Interest Rate
0.05%
APY1
0.05%
Elite Interest Rate2
0.30%
Elite APY1
0.30%
Term
18 to 23 Months
Interest Rate
0.05%
APY1
0.05%
Elite Interest Rate2
0.30%
Elite APY1
0.30%
Term
24 to 29 Months
Interest Rate
0.10%
APY1
0.10%
Elite Interest Rate2
0.35%
Elite APY1
0.35%
Term
30 to 35 months
Interest Rate
0.10%
APY1
0.10%
Elite Interest Rate2
0.35%
Elite APY1
0.35%
Term
36 to 47 Months
Interest Rate
0.10%
APY1
0.10%
Elite Interest Rate2
0.35%
Elite APY1
0.35%
Term
48 to 59 Months
Interest Rate
0.15%
APY1
0.15%
Elite Interest Rate2
0.40%
Elite APY1
0.40%
Term
60 Months +
Interest Rate
0.15%
APY1
0.15%
Elite Interest Rate2
0.40%
Elite APY1
0.40%

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 1/29/21.

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
Daily Balance
$0 – $2,499.99
Interest Rate
0.01%
APY1
0.01%
Minimum to Open Account
$0
Daily Balance
$2,500 – $4,999.99
Interest Rate
0.03%
APY1
0.03%
Minimum to Open Account
$0
Daily Balance
$5,000 – $9,999.99
Interest Rate
0.05%
APY1
0.05%
Minimum to Open Account
$0
Daily Balance
$10,000 – $24,999.99
Interest Rate
0.10%
APY1
0.10%
Minimum to Open Account
$0
Daily Balance
$25,000+
Interest Rate
0.15%
APY1
0.15%
Minimum to Open Account
$0

1 Annual Percentage Yield (APY) offered is accurate as of 1/29/21. 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**
Loan Type
Personal Secured‡
Term
12 – 60 months
Loan Amount
$2,000 – $1,000,000
APR*
Prime + 1.00% (4.25%)
APR* w/Deposit Relationship**
Prime + 0.00% (3.25%)
Loan Type
New automobile secured loan^
Term
12 – 36 months
Loan Amount
$2,000 – $50,000
APR*
4.00%
APR* w/Deposit Relationship**
3.00%
Loan Type
New automobile secured loan^
Term
37 – 48 months
Loan Amount
$2,000 – $50,000
APR*
4.25%
APR* w/Deposit Relationship**
3.25%
Loan Type
New automobile secured loan^
Term
49 – 60 months
Loan Amount
$2,000 – $50,000 
APR*
4.50%
APR* w/Deposit Relationship**
3.50%
Loan Type
Used automobile secured loan
Term
12 – 36 months
Loan Amount
$2,000 – $50,000 
APR*
4.50%
APR* w/Deposit Relationship**
3.50%
Loan Type
Used automobile secured loan
Term
37 – 48 months
Loan Amount
$2,000 – $50,000 
APR*
4.75%
APR* w/Deposit Relationship**
3.75%
Loan Type
Used automobile secured loan
Term
49 – 60 months
Loan Amount
$2,000 – $50,000 
APR*
5.00%
APR* w/Deposit Relationship**
4.00%
Loan Type
New boats, campers and RVs^
Term
12 – 60 months
Loan Amount
$2,000 – $100,000
APR*
6.25%
APR* w/Deposit Relationship**
5.25%
Loan Type
New boats, campers and RVs^
Term
61 – 72 months
Loan Amount
$2,000 – $100,000
APR*
6.50%
APR* w/Deposit Relationship**
5.50%
Loan Type
New boats, campers and RVs^
Term
73 – 120 months
Loan Amount
$2,000 – $100,000
APR*
7.00%
APR* w/Deposit Relationship**
6.00%
Loan Type
Used boats, campers and RVs
Term
12 – 60 months
Loan Amount
$2,000 – $100,000
APR*
7.25%
APR* w/Deposit Relationship**
6.25%
Loan Type
Used boats, campers and RVs
Term
61 – 72 months
Loan Amount
$2,000 – $100,000
APR*
7.50%
APR* w/Deposit Relationship**
6.50%
Loan Type
Used boats, campers and RVs
Term
73 – 120 months
Loan Amount
$2,000 – $100,000
APR*
8.00%
APR* w/Deposit Relationship**
7.00%
Loan Type
Home Improvement unsecured loan
Term
12 – 60 months
Loan Amount
$2,000 – $25,000
APR*
10.50%
APR* w/Deposit Relationship**
9.50%
Loan Type
Personal Unsecured
Term
12 – 36 months
Loan Amount
$2,000 – $58,300
APR*
10.00%
APR* w/Deposit Relationship**
9.00%
Loan Type
Personal Unsecured
Term
12 – 36 months
Loan Amount
$58,301 – $250,000
APR*
7.00%
APR* w/Deposit Relationship**
6.00%

* APR = Annual Percentage Rate. Prime = Wall Street Journal Prime Rate, which is 3.25% as of 3/23/21. The APRs shown are current as of 3/23/21 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 4.50% repayable over 60 months would be $372.86. The monthly payment for an unsecured personal loan of $10,000 with an APR of 10.00% repayable over 36 months would be $322.67. The monthly payment for a home improvement loan of $10,000 with an APR of 10.25% repayable over 60 months would be $213.70.

** 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.

Personal Line of Credit

Loan Type
Term
Loan Amount
APR*
APR* w/Deposit Relationship**
Loan Type
Personal Secured‡
Term
3 year draw/3 year term
Loan Amount
$2,000 – $1,000,000
APR*
4.25% (Prime + 1.00%)
APR* w/Deposit Relationship**
3.75%
Loan Type
Personal Unsecured^
Term
3 year draw/3 year term
Loan Amount
$2,000 – $58,300
APR*
7.25% (Prime + 4.00%)
APR* w/Deposit Relationship**
6.25% (Prime + 3.00%)
Loan Type
Personal Unsecured^
Term
3 year draw/3 year term
Loan Amount
$58,301 – $250,000
APR*
6.25% (Prime + 3.00%)
APR* w/Deposit Relationship**
6.00%
Loan Type
Overdraft Protection
Term
N/A
Loan Amount
$500 – $10,000
APR*
16.00%
APR* w/Deposit Relationship**
16.00%

* APR = Annual Percentage Rate. Prime = Wall Street Journal Prime Rate, which is 3.25% as of 1/29/21. The APRs shown are current as of 1/29/21 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 + 2.00%. With a deposit relationship, rate is variable at WSJ Prime + 1.00%. All secured personal lines of credit have floors of 3.75% and ceilings of 15.00%. The WSJ Prime rate is 3.25% as of 1/29/21.

^ For personal unsecured lines up to $58,300, rate is variable at WSJ Prime + 4.00%. With a deposit relationship, rate is variable at WSJ Prime + 3.00%. For unsecured lines $58,301 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 3.25% as of 1/29/21.

Home Equity Line of Credit

Rates During Promotional Period

For line of credit amounts up to $500,000, GRB provides a rate that is below Prime! With a GRB HELOC you have great rates and flexible terms including: 

  • Low introductory rate of 1.50% Annual Percentage Rate (APR) locked for up to 12 months
  • Variable rate thereafter with standard rates as low as Prime minus 0.25% APR!
  • The Wall Street Journal Prime rate is 3.25% as of 3/1/21
  • Lines from $10,000 to $500,000
  • 10-year draw with a 15-year repayment (total term of 25 years)2  
  • Convenient check writing against your HELOC
  • Pay interest only when you borrow 
  • Pay off the line, then draw on it again without reapplying
  • No annual fee
  • All closing costs up to $2,500 paid by GRB3
Loan Size
Standard GRB Deposit Accountholder Rate* (available for 6 months)
GRB Elite Accountholder Rate (available for 12 months)
Loan Size
Loans up to $500,000.00
Standard GRB Deposit Accountholder Rate* (available for 6 months)
1.50% Annual Percentage Rate (Prime – 1.75% APR**)
GRB Elite Accountholder Rate (available for 12 months)
1.50% Annual Percentage Rate (Prime – 1.75% APR**)

1 Rate available for GRB standard accountholders is Prime minus 1.75% for 6 months. Rate for GRB Elite accountholders is Prime minus 1.75% for 12 months. As of 3/1/21 the WSJ Prime rate is 3.25%. Best rate after promotional period for Standard and Elite accountholders is Prime minus 0.25%, or 3.00% APR as of 3/1/21. The line has a variable rate feature with a ceiling of 15.00% APR, and the annual percentage rate (corresponding to the periodic rate) and the minimum payment can change as a result of this feature. Applicants must meet credit and home loan-to-value requirements. Other terms and conditions may apply.

2 Termination of the line for any reason sooner than 36 months after it is opened will result in reimbursement of any third-party fees incurred by GRB to open the line. This includes, but is not limited to, fees related to the appraisal, credit report, flood certification, title search, recording fees, and state tax/stamps. In addition to the fees and charges described above in this section, you must carry insurance (hazard and flood insurance, as applicable) on the property that secures the line of credit.

3 Any closing costs in excess of $2,500 will be paid by the borrower. Average closing costs are noted below.

* 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. See the GRB Checking Accounts page for account features and requirements.

** APR = Annual Percentage Rate. Prime = Wall Street Journal Prime Rate, which is 3.25% as of 3/1/21. Rates are variable based on Wall Street Journal Prime Rate plus the margins indicated above. All Home Equity Lines of Credit have ceilings of 15.00% APR, floors are variable. The APRs shown are current as of 3/1/21 and are available to a customer who has the credit score required by GRB for its best rate, whose line of credit meets any applicable loan-to-value requirement and whose line of credit is secured by the customer’s primary residence or second home. All rates and terms are subject to credit qualification. Rates are subject to change without notice.

Average Closing Costs

The closing cost estimate provided below is an average and to be used for approximation purposes only. Please work with your GRB representative to secure an actual closing cost estimate for your home equity line of credit.

Appraisal Fee $135.00
Credit Report $37.00
Flood Certification $12.00
Title Search $320.00
Recording Fees $170.00
State Tax/Stamps $117.75

Rates After Promotional Period

Even after the promotional period is over, your GRB HELOC still provides great rates.

Loan Size
0% – 80.00% Loan to Value APR*
0% – 80.00% Loan to Value APR* w/Deposit Relationship**
80.01% to 85.00% Loan to Value APR*
80.01% – 85.00% Loan to Value APR* w/Deposit Relationship**
Loan Size
Loans up to $49,999.99
0% – 80.00% Loan to Value APR*
4.25% (Prime + 1.00%)
Floor 3.00%, ceiling 15.00%
0% – 80.00% Loan to Value APR* w/Deposit Relationship**
3.25% (Prime + 0.00%)
Floor 3.00%, ceiling 15.00%
80.01% to 85.00% Loan to Value APR*
5.00% (Prime + 1.75%)
Floor 3.75%, ceiling 15.00%
80.01% – 85.00% Loan to Value APR* w/Deposit Relationship**
4.00% (Prime + 0.75%)
Floor 3.75%, ceiling 15.00%
Loan Size
Loans $50,000 to $300,000
0% – 80.00% Loan to Value APR*
4.00% (Prime + 0.75%)
Floor 3.00%, ceiling 15.00%
0% – 80.00% Loan to Value APR* w/Deposit Relationship**
3.00% (Prime – 0.25%)
Floor 3.00%, ceiling 15.00%
80.01% to 85.00% Loan to Value APR*
4.75% (Prime + 1.50%)
Floor 3.75%, ceiling 15.00%
80.01% – 85.00% Loan to Value APR* w/Deposit Relationship**
3.75% (Prime + 0.50%)
Floor 3.75%, ceiling 15.00%
Loan Size
0% – 75.00% Loan to Value APR*
0% – 75.00% Loan to Value APR* w/Deposit Relationship**
Loan Size
Loans $300,000.01 to $500,000.00
0% – 75.00% Loan to Value APR*
4.00% (Prime + 0.75%)
Floor 3.00%, ceiling 15.00%
0% – 75.00% Loan to Value APR* w/Deposit Relationship**
3.00% (Prime – 0.25%)
Floor 3.00%, ceiling 15.00%

Contact Us

  • Call 585.249.1540 or fill out the form below and a GRB representative will contact you within one business day to answer any questions or discuss your options. Fields marked with an * are required.

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