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Traditional savings and money markets
Whether you want to set aside a little for emergencies or save a lot for what lies ahead, Peoples Powered by Hanscom Federal Credit Union has the savings or money market account for your business!
| Business Regular Savings | Business Money Market | Business Money Market Plus | |
|---|---|---|---|
| Who is it for? | Businesses of all sizes in any industry that want a simple way to earn dividends while setting money aside | Businesses that want to earn a better dividend rate than a traditional business savings account | Businesses that want to earn a better dividend rate than an ordinary business money market account |
| Minimum balance to open | $50.00 | $1,000.00 | $2,500.00 |
| Minimum balance to maintain | $50.00 | $1,000.00 | $2,500.00 |
| Monthly fee1 |
$5.00 (waived if minimum balance requirement is met; waived for nonprofit organizations) |
$5.00 (waived if minimum balance requirement is met) |
$7.00 (waived if minimum balance requirement is met) |
| Earns Dividends2 |  |
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| Withdrawal limits |
6 per month ($5.00 fee for each withdrawal beyond 6) |
6 per month ($5.00 fee for each withdrawal beyond 6) |
6 per month ($5.00 fee for each withdrawal beyond 6) |
| Online Banking & Bill Pay | |
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| Mobile Banking | |
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| Telephone Banking | |
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| P2P transfers3 | |
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Savings Account Rates
| Account Type | Minimum Balance | Minimum Required Balance to Obtain APY | Dividend Rate | APY* | Footnote |
|---|---|---|---|---|---|
| Regular Share Savings | $50.00 | $0.01 | 0.10% | 0.10% | (1), (2) |
| Steady Share Savings | $5.00 | $0.01 | 0.10% | 0.10% | (1), (4) |
| Money Market | $1,000.00 | $0.01 | 0.05% | 0.05% | (1), (2) |
| Money Market | $1,000.00 | $1,000.00 | 0.10% | 0.10% | (1), (2) |
| Money Market Plus | $2,500.00 | $0.01 | 0.10% | 0.10% | (1), (3) |
| Money Market Plus | $2,500.00 | $2,500.00 | 0.25% | 0.25% | (1), (3) |
| Money Market Plus | $2,500.00 | $10,000.00 | 0.25% | 0.25% | (1), (3) |
| Money Market Plus | $2,500.00 | $25,000.00 | 0.30% | 0.30% | (1), (3) |
Business Share Certificates
Let your businesses’ balance earn better dividend rates than traditional savings accounts and money markets with a share certificate. Get started with either a $500.00 or $5,000.00 opening deposit; rates of standard certificates are tiered based on the balance.
Your dividend is compounded daily and posted every quarter. Each of these certificates also benefits from Online Banking, Mobile Banking and Telephone Banking.
Share Certificate Rates
| Account Type | Minimum Required Balance to Earn Interest | Interest Rate | APY* | Penalty |
|---|---|---|---|---|
| 3 Month | $500.00 | 3.68% | 3.75% | Loss of 90 days' dividends |
| 6 Month | $500.00 | 3.44% | 3.50% | Loss of 90 days' dividends |
| 12 Month | $500.00 | 3.44% | 3.50% | Loss of 90 days' dividends |
| 18 Month | $500.00 | 3.20% | 3.25% | Loss of 180 days' dividends |
| 24 Month | $500.00 | 3.20% | 3.25% | Loss of 180 days' dividends |
| 36 Month | $500.00 | 3.44% | 3.50% | Loss of 180 days' dividends |
| 48 Month | $500.00 | 3.44% | 3.50% | Loss of 180 days' dividends |
| 60 Month | $500.00 | 3.44% | 3.50% | Loss of 180 days' dividends |
Business Special Certificates
Our special certificates do not have tiered rates:
- Peoples Choice certificate (36-month) — minimum balance of $1,000.00; 1 optional rate increase allowed throughout the term
- Peoples Choice certificate (60-month) — minimum balance of $1,000.00; 2 optional rate increases allowed throughout the term
Business Special Certificate Rates
| Account Type | Minimum Required Balance to Earn Interest | Interest Rate | APY* | Penalty |
|---|---|---|---|---|
| 60 Month Peoples Choice Certificate (2 optional rate increases available) |
$1,000.00 | 0.60% | 0.60% | Loss of 180 days' dividends |
| 36 Month Peoples Choice Certificate (1 optional rate increase available) |
$1,000.00 | 0.45% | 0.45% |
Get started
Stop by your nearest branch or fill out the form below!