Rates
Browse our latest rates for savings, checking, loans, and more, and discover how PCSB Bank can help you maximize your returns.
Deposit Rates
Deposit Accounts Rates As Of March 5, 2025
Checking Accounts
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| Checking Deposit Account Name | Minimum Deposit To Open Account | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate % | Annual Percentage Yield % | Crediting |
|---|---|---|---|---|---|
| True Local | $50 | $1 | 0.05% | 0.05% | Monthly |
| True Local Premium | $100 | $1 | 0.10% | 0.10% | Monthly |
| Non-Profit Checking with Interest | $100 | $500 | 0.05% | 0.05% | Monthly |
Savings Accounts
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| Savings Deposit Account Name | Minimum Deposit To Open Account | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate % | Annual Percentage Yield % | Crediting |
|---|---|---|---|---|---|
| Preferred Money Market | $250 | $5,000 | 1.982% | 2.00% | Monthly |
| True Local Money Market | $25,000 | $25,000 | 0.15% | 0.15% | Monthly |
| Business Money Market | $5,000 | $5,000 | 0.15% | 0.15% | Monthly |
| Statement Savings | $25 | $25 | 0.05% | 0.05% | Monthly |
| Putnam Premium | $5,000 | $5,000-$24,999 | 0.05% | 0.05% | Monthly |
| Putnam Premium | $5,000 | $25,000-$99,999 | 0.10% | 0.10% | Monthly |
| Putnam Premium | $5,000 | $100,000 & Over | 0.15% | 0.15% | Monthly |
Certificate of Deposit Rates
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| Product Name | Minimum Deposit To Open Account | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate % | Annual Percentage Yield % | Crediting |
|---|---|---|---|---|---|
| 3 Month | $500 | $0.01 | 0.10% | 0.10% | Monthly |
| 6 Month | $500 | $0.01 | 1.98% | 2.00% | Monthly |
| 8 Month | $500 | $0.01 | 0.10% | 0.10% | Monthly |
| 1 Year | $500 | $0.01 | 3.80% | 3.87% | Monthly |
| 18 Month | $500 | $0.01 | 3.20% | 3.25% | Monthly |
| 2 Year | $500 | $0.01 | 3.44% | 3.50% | Monthly |
| 30 Month | $500 | $0.01 | 0.30% | 0.30% | Monthly |
| 3 Year | $500 | $0.01 | 0.30% | 0.30% | Monthly |
| 4 Year | $500 | $0.01 | 0.35% | 0.35% | Monthly |
| 5 Year | $500 | $0.01 | 0.45% | 0.45% | Monthly |
Loan Rates
Residential Mortgage RatesRates effective as of July 23, 2025
CONFORMING LOAN AMOUNTS
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| Product | Interest Rate % | Annual Percentage Rate %**** | Points | # of Monthly Payments *,*** | Payment Factor *,**,*** |
|---|---|---|---|---|---|
| 15 Year | 5.999% | 6.170% | 0 | 180 | $8.44 |
| 20 Year | 6.500% | 6.644% | 0 | 240 | $7.46 |
| 30 Year | 6.625% | 6.736% | 0 | 360 | $6.40 |
This table may be difficult to navigate with screen readers. For assistance, please contact PCSB Bank, or utilize AIRA, our visual interpretation service.
| ADJUSTABLE RATE LOANS - UP TO 30 YEAR MATURITY Product | Interest Rate % | Annual Percentage Rate % **** | # Monthly Fxd Rt Pmts/# Monthly Adj Rt Pmts *,*** | Fixed Interest Rate/Adjustable Interest Rate *,*** | Payment Factor *,**,*** |
|---|---|---|---|---|---|
| 5/1 ARM | 5.999% | 6.634% | 60/300 | 5.999%/6.875% | $5.99/$6.50 |
| 7/1 ARM | 6.250% | 6.658% | 84/276 | 6.250%/6.875% | $6.16/$6.50 |
| 10/1 ARM I/O | 6.375% | 6.652% | 120/240 | 6.375%/6.875% | $5.31/$7.68 |
Deposit Rates disclaimer
Note:
- All Checking and Savings rates are variable and subject to change.
- Interest compounds monthly.
- Penalties may be imposed for early withdrawal on CD's.
- Fees could reduce the earnings on the account, if applicable.
Loan Rates disclaimer
Rates are accurate as of today’s date and are subject to change without notice. Rates reflect a discount for making automatic payments from a PCSB Bank account. Without Autopay, rates will increase by 0.25%.
*Payments shown do not include amounts for taxes and insurance.
**To calculate the monthly payment divide the desired loan amount by 1000 then multiply the quotient to the payment factor.
***After the initial period, the ARM rates and payments are based on today’s index plus a 2.75% margin. The loans are subject to a 2% maximum annual adjustment with a 6% lifetime cap. ARM is adjustable rate mortgage.
****Annual Percentage Rate based on loan amount of $250,000.00 and no PMI (Private Mortgage Insurance).
Assumptions subject to change without notice:
- Owner occupied 1-4 family residence
- Free 60-day rate lock from application
- All loans subject to credit approval, pricing and underwriting
- For loan amounts over one million, please contact us for pricing
Construction to Perm, Condominium, Co-op, 2-4 Family Residence, Jumbo and Investment Property loans are also available. This is not an offer of credit. Applicants must qualify. Additional terms and conditions may apply. Subject to credit approval. Private Mortgage Insurance may be required with down payments of less than 20%. Contact one of our mortgage representatives for current rates, additional information or to learn about other programs and offerings.