Business Deposits

Peoples Bank takes its role very seriously and so we work hard to understand the diverse business needs of our business community. Through our involvement and our investment with those in our neighborhoods, we do everything in our power to serve as a catalyst for important change and so we have come up with a way to make business deposits easy and quick. To begin, all business checking accounts receive a free Debit Card, free E-Statement, free online banking, and online bill payment services, plus there is no charge when using Peoples Bank owned ATMs.

Besides making sure business deposits are easier and more convenient for our business customers, instead of making a trip to the bank to deposit a check, commercial customers can now make any of their business check deposits from the convenience of their desks, any time of the day or night. Plus business customers earn interest with an analyzed checking account which is available for qualifying sole proprietors and non profit organizations.

As a bank that genuinely cares for its customers, Peoples Bank helps businesses remain profitable as our customer’s success and convenience is our primary objective. When making deposits at Peoples Bank, a customer is assured of unlimited transactions, no minimum balance and fees offset by credit from a customer’s investable balance. Depending on the account, a businesses final monthly fee could be reduced with certain balances.

PEOPLES BANK PERSONAL DEPOSIT ACCOUNTS

» All checking accounts receive free Debit Card, free E-Statements, free online banking, and free online bill payment services unless otherwise noted. No charge when using Peoples Bank owned ATMs or affiliated ATMs.

» Download Interest Earning Account Types Document

PEOPLES MONEY MARKET

  • $2,500 Minimum Opening Deposit
  • $15 Monthly Service Charge if balance falls below $2,500
  • Online Banking at no service charge
  • Online Bill Pay at no service charge
  • E-Statements at no service charge and suggest for better security
  • Personal Checks as needed with Direct Deposit (specific design only)
  • Receive Check Images with Monthly Statement
  • Six transactions per monthly statement
  • Tiered Interest Rate is subject to change

PEOPLES SAVINGS ACCOUNT

  • $100 Minimum Initial Deposit
  • Online Banking at no charge
  • E-Statements at no charge and suggested for better security
  • Six transactions per quarterly statement
  • Interest Rate subject to change
  • $5.00 Service Charge if Account falls below $100
  • Excess Withdrawal Fee is $5 each over six per quarterly statement
  • Interest Rate is subject to change

PEOPLES YOUTH SAVERS ACCOUNT

  • No Minimum Opening Deposit
  • No Monthly Fee for individuals under 18 years of age
  • Online Banking at no charge
  • E-Statements at no charge and suggested for better security
  • Six transactions per quarterly statement
  • Interest Rate subject to change
  • No minimum balance to earn interest
  • Excess Withdrawal Fee is $5 each over six per quarterly statement

HEALTH SAVINGS ACCOUNT

  • No Minimum Opening Depositor Minimum Balance
  • No Monthly Service Charge
  • Available for Health Expenses
  • For individuals With High Deductible Health Insurance
  • Online Banking at No Service Charge
  • E-Statements at No Charge
  • Variable Tiered Interest Rates
  • Quarterly Statements
  • Debit Card provided (No checks issued on this account)

CERTIFICATES OF DEPOSIT

  • Terms range from 30 days to 4 years
  • Terms of 1 – 4 years may be opened with $1,000 minimum opening deposit
  • Interest rates vary by term

INDIVIDUAL RETIREMENT ACCOUNTS IRAs

  • Terms range from 30 days to 4 years
  • Terms of 1 – 4 years may be opened with $1,000 minimum opening deposit
  • Interest rates vary by term
  • No Fee
  • Tax deferred interest
  • Penalty for early withdrawal

PEOPLES CHOICE CERTIFICATE OF DEPOSIT

  • Available for 18 month and 24 month terms
  • $10,000 minimum deposit at opening
  • 1 time rate increase is possible anytime during term at current Peoples Bank posted rates for same term, should our rates increase
  • Additional funds may be added 3 times, anytime, during the CD term. $2,500 minimum additions to original principal
  • Rates subject to change

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

» To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

» When you open an account, we ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

PERSONAL DEPOSIT PRODUCTS

We offer a wide variety of personal deposit products... Please click the link below to see the details.

» Click Here For More Information About Personal Deposit Products

BUSINESS DEPOSIT PRODUCTS

We offer a wide variety of business deposit products... Please click the link below to see the details.

IRAs INDIVIDUAL RETIREMENT ACCOUNTS

An Individual Retirement Arrangement (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.

The following application should not be faxed or mailed to Peoples Bank. Please print the form on paper, fill it out and come by the bank to speak with a qualified IRA Deposit specialist. Click the link below to download the application..

» Click Here For More Information About IRAs

CERTIFICATES OF DEPOSIT

  • Various terms and interest rates are available.
  • Minimum deposits are required for all Certificates, depending on the term selected.
  • Certificates of Deposit can be purchased for $1,000 or more for terms of 1 to 4 years.
  • Certificates of Deposit can be purchased for $2,500 or more for terms of 30 days up to 4 years.
  • There are penalties for early withdrawal on CDs.
  • Rates are subject to change at any time and are reviewed weekly for rate adjustments.
  • Customer Service Representatives provide complete details, rates, and restrictions upon request.

The following application should not be faxed or mailed to Peoples Bank. Please print the form on paper, fill it out and come by the bank to speak with a qualified deposit specialist. Click the link below to download the application..