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Business Savings Accounts

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Get Your Excess Business Funds Working For You

Business Savings Rates

Savings Account

Premier Money Market Account

Money Market Account

Account highlights

A great account to start your business savings plan.

Full Account Details

Start earning our highest 4.25% APY* when you open the account with the required $25,000 new money deposit.

Full account details

Earn money market rates and have access to your funds with check writing privileges.

Full Account Details





Free online & mobile banking appCheckmarkCheckmarkCheckmark
Free eStatements availableCheckmarkCheckmarkCheckmark
Check writing privileges CheckmarkCheckmark
Minimum to open$100


new money

Pricing options per month$3 per month OR $0 per month if you maintain a balance of $300 or moreNo monthly charges.  If there are more than 10 withdrawals of any type each month, $1 charge each for transactions that exceed 10**$10 per month OR $0 if you maintain an average daily balance of $2,500

Business Certificates of Deposit (CDs)

A business CD can allow for a higher return by establishing a set term anywhere from 6 months to 4 years.  These accounts are safe, predictable, and insured by the FDIC.

 Current CD Rates

*Annual Percentage Yield (APY) effective as of 7/25/2023. At our discretion, the interest rate and APY may change at any time. The APY is paid on the entire balance in your account. Balances of $0.01 - $24,999.99 earn an interest rate of 1.98% and 2.00% APY; balances of $25,000.00+ earn an interest rate of 4.17% and 4.25% APY. A $25,000.00 deposit is required to open this account. The $25,000 opening deposit must be “new money” which is defined as money that is not currently on deposit at Peoples Bank.
Interest will be compounded and credited to your account every month on the last day of the current Statement Cycle, as assumed by the APY disclosed. We use the daily collected balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than when we receive credit on non-cash items (for example, checks).
FEES. There are no recurring monthly service charges associated with this account. **If there are more than 10 withdrawals of any type each month, there will be a charge of $1.00 each for transactions that exceed 10. Fees may reduce earnings. See separate disclosure “Common Features” for fees that may apply to the account. See “Effect of Closing Account” section below for additional information.
If you close your account before interest is credited, you will not receive the accrued interest. An account that is closed within 6 months of the opening date will be charged a fee of $20.00.
***Your mobile carrier's message and data rates may apply.