Business Savings Accounts nurture growth
With a Peoples Bank business savings account, you can keep your money growing and help bring future goals within reach.
Benefits of Business Savings
- Earns interest
- No monthly service charge with balances of $300.00 or more
- Free Online Banking
- Free eStatement
- Minimum to open account is $100.00
See Rate Sheet for Annual Percentage Yield (APY).
A daily minimum collected balance of $300.00 is required to obtain the disclosed APY. We use the daily collected balance method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day. Interest will be compounded and credited to your account every quarter. Interest begins to accrue no later than when we receive credit on non-cash items (for example, checks). The interest rate and annual percentage yield (APY) may change at any time.
A recurring monthly service charge of $3.00 will be assessed each month if the average daily collected balance falls below $300.00. If there are more than 6 withdrawals of any type each month, there will be a charge of $1 each. Fees may reduce earnings.