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Personal Savings Accounts
Compare the benefits of Old National Bank savings accounts to find the right option. Convenient savings, money markets, IRAs, and CD accounts are available.
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Community Reinvestment Act
Old National works to build products, services and collaborative partnerships that help individuals and families reach their goals. Access our CRA Public File.
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What are the replacement rates for LIBOR?
Although options for replacing LIBOR continue to evolve, Old National has currently identified the following potential replacement options for our clients:
- Secured Overnight Financing Rate (SOFR)
- Term SOFR
The Secured Overnight Financing Rate or SOFR is the replacement benchmark recommended by the New York Federal Reserve’s Alternative Reference Rate Committee (ARRC). (See references below for more information on the work of the ARRC.) SOFR is derived from transactions that are executed in the overnight repurchase agreement (repo) market. These transactions are executed between banks and other intermediaries and are often collateralized by US Treasury securities. The market for SOFR is very deep and liquid with nearly $1 trillion in underlying transactions executed daily.
While SOFR has been identified as the replacement index for LIBOR, there are multiple calculation methodologies which have been developed given that SOFR is a daily rate. The CME Term SOFR Reference Rates benchmark is a daily set of forward-looking interest rate estimates based on the SOFR futures contracts. CME Term SOFR Reference Rates are calculated and published for 1-month, 3-month, 6-month and 12-month tenors. Like LIBOR, CME Term SOFR Reference Rates are forward-looking, and the rate is set at the beginning of the period and interest is paid in arrears.
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Franchise Banking
Start or grow your franchise business with lending solutions from Old National Bank.
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ABA Podcast: Old National Chairman & CEO Jim Ryan on Mergers and Growth, More
Recently, Old National Chairman and CEO Jim Ryan appeared on the American Bankers Association’s popular ABA Banking Journal Podcast, and I thought you
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Business Strategy For The High Inflation Economy
Companies around the world are feeling inflation, especially companies in the United States.
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Strong relationships can aid CFOs in building C-suite cohesion
While some economists are cautiously optimistic about the future of the economy, executive leaders are still facing high inflation, rising
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Personal Wealth Management Options
When you partner with Old National, we work with you to determine the best service model based on your needs and assets.
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What is the Main Street Lending Program?
The Federal Reserve Main Street Lending Program is structured to keep credit flowing and provide low-cost loans to small and mid-size businesses that were in good financial standing before the onset of the COVID-19 crisis. If you are considering applying for a Main Street Loan, please contact your Old National Relationship Manager or mainstreetlendingprogram@oldnational.com. You can also visit the Federal Reserve website for more information including downloadable FAQs or The Federal Reserve Bank of Boston website.
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Does Old National still offer gift cards?
As of 10/31/19, Old National stopped offering gift cards, due to the increased availability of such cards in many retailers.
If you have already purchased a gift card from Old National, you can continue to use it until its expiration date. You can also visit the gift card site to check the balance of any existing card you may have.
If you have an issue with an existing gift card, please call the Visa number on the back of the card.
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Banks Never Ask That
Learn how to protect yourself against phishing and other scams. Remember – awareness is key! Use these fun, informational resources to stay safe.