Business Savings

Traditional savings and money markets

Whether you want to set aside a little for emergencies or save a lot for what lies ahead, The Peoples Bank has the savings or money market account for your business!

Business Savings Comparison Table
	Regular Savings	Money Market	Money Market Plus
Who is it for?	Businesses of all sizes in any industry that want a simple way to earn interest while setting money aside	Businesses that want to earn a better interest rate than a traditional business savings account	Businesses that want to earn a better interest 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 Interest²
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
Mobile Banking
Telephone Banking
P2P transfers³

Savings Account Rates

Comparison table of Savings Account Rates
Account Type	Minimum Balance To Open	Minimum Required Balance to Obtain APY	Interest Rate	APY^*	Footnote
Regular Savings	$50.00	$0.01	0.08%	0.08%	(1), (2), (3)
Steady Saver	$5.00	$0.01	0.10%	0.10%	(1), (7)
Money Market	$1,000.00	$0.01	0.05%	0.05%	(1), (3), (4)
Money Market	$1,000.00	$1,000.00	0.10%	0.10%	(1), (3), (4)
Money Market Plus	$2,500.00	$0.01	0.10%	0.10%	(1), (3), (5)
Money Market Plus	$2,500.00	$2,500.00	0.25%	0.25%	(1), (3), (5)
Money Market Plus	$2,500.00	$10,000.00	0.25%	0.25%	(1), (3), (5)
Money Market Plus	$2,500.00	$25,000.00	0.30%	0.30%	(1), (3), (5)

Certificates of deposit (CDs)

Let your businesses’ balance earn better interest rates than traditional savings accounts and money markets with a CD. Get started with either a $500.00 or $5,000.00 opening deposit; rates of standard CDs are tiered based on the balance.

Your interest is compounded daily and posted every quarter. Each of these CDs also benefits from Online Banking, Mobile Banking and Telephone Banking.

Certificate of Deposit Rates

Comparison table of Certificate of Deposit Rates
Account Type	Minimum Required Balance to Earn Interest	Interest Rate	APY^*	Footnote / Penalty
60 Month CD	$5,000.00	0.60%	0.60%	Loss of 6 months simple interest
60 Month CD	$500.00	0.50%	0.50%	Loss of 6 months simple interest
48-59 Month CD	$5,000.00	0.55%	0.55%	Loss of 6 months simple interest
48-59 Month CD	$500.00	0.50%	0.50%	Loss of 6 months simple interest
36-47 Month CD	$5,000.00	0.45%	0.45%	Loss of 6 months simple interest
36-47 Month CD	$500.00	0.40%	0.40%	Loss of 6 months simple interest
24-35 Month CD	$5,000.00	0.40%	0.40%	Loss of 6 months simple interest
24-35 Month CD	$500.00	0.38%	0.38%	Loss of 6 months simple interest
18-23 Month CD	$5,000.00	0.30%	0.30%	Loss of 6 months simple interest
18-23 Month CD	$500.00	0.25%	0.25%	Loss of 6 months simple interest
12-17 Month CD	$5,000.00	0.25%	0.25%	Loss of 3 months simple interest
12-17 Month CD	$500.00	0.20%	0.20%	Loss of 3 months simple interest
6-11 Month CD	$5,000.00	0.15%	0.15%	Loss of 3 months simple interest
6-11 Month CD	$500.00	0.12%	0.12%	Loss of 3 months simple interest
3-5 Month CD	$5,000.00	0.10%	0.10%	Loss of 3 months simple interest
3-5 Month CD	$500.00	0.08%	0.08%	Loss of 3 months simple interest

Special CDs

Our special CDs do not have tiered rates:

Peoples Choice CD (36-month) — minimum balance of $1,000.00; 1 optional rate increase allowed throughout the term
Peoples Choice CD (60-month) — minimum balance of $1,000.00; 2 optional rate increases allowed throughout the term
The Peoples Community First CD (60-month) — minimum balance of $5,000.00; 1 withdrawal allowed (loss of 6 months’ simple interest for additional withdrawals); for nonprofit organizations only

Special CD Rates

Comparison table of Special CD Rates (Business)
Account Type	Minimum Required Balance to Earn Interest	Interest Rate	APY^*	Footnote / Penalty
60 Month Community First CD (must be non-profit organization)	$5,000.00	0.40%	0.40%	No penalty for 1 withdrawal. If further withdrawals are taken, there is a loss of 6 months simple interest.
60 Month Peoples Choice CD (2 optional rate increases available)	$1,000.00	0.60%	0.60%	Loss of 6 months simple interest based on the rate in effect on the date of withdrawal
36 Month Peoples Choice CD (1 optional rate increase available)	$1,000.00	0.45%	0.45%
11 Month Special CD	$5,000.00	3.00%	3.05%	Loss of 3 months simple interest

* The Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Interest is compounded daily on all account types.

1. The interest rate may change on these accounts after opening, and fees may reduce the earnings on the account.

2. A $5.00 monthly service charge will be assessed if minimum balance is not maintained. A $5.00 fee will be assessed for each withdrawal in excess of six (6) per statement cycle.

3. You may make no more than six (6) preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card and similar transactions from your account per month or statement cycle.

4. A $5.00 monthly service charge will be assessed if minimum balance is not maintained. A $5.00 fee will be assessed for each withdrawal in excess of six (6) per statement cycle.

5. A $7.00 monthly service charge will be assessed if minimum balance is not maintained. A $5.00 fee will be assessed for each withdrawal in excess of six (6) per statement cycle.

6. The interest rate may change on these accounts after opening.

7. A $25.00 fee will be assessed for each withdrawal in excess of three (3) withdrawals per calendar year. The fee will be assessed at the time of the excess withdrawal transaction.

Get started

Stop by your nearest branch or fill out the form below!