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Rates

Rewards Checking

Rate TiersInterest RateAPY*
Balances up to $15,0001.01%

If statement cycle qualifications are met.

1.01%

If statement cycle qualifications are met.

Balances over $15,0000.15%

If statement cycle qualifications are met.

0.15%

If statement cycle qualifications are met.

Base rate 0.10%

When statement cycle qualifications are not met.

0.10%

When statement cycle qualifications are not met.

Minimum to open account is $100.00.

*Annual Percentage Yield (APY) accurate as of January 1, 2018. $100 deposit is required to open this account. No minimum balance is required to obtain the account's rewards. There are no recurring monthly service fees associated with this account. When qualifications are met during the Monthly Qualification Cycle, you receive 1.01% APY on balances up to $15,000, and balances over $15,000 earn 0.15% APY on the portion of the balance over $15,000 resulting in a range from 1.01% APY – 0.26% APY depending on the balance. In addition, account will receive reimbursements up to $25 (up to $4.99 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher. If qualifications are NOT met during the Monthly Qualification Cycle, all balances earn 0.10% APY and nationwide ATM fees are not reimbursed. Transactions and activities may take one or more business days from the date the transaction or activity occurred to post and settle to the account. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts and debit card transactions processed by merchants and received by Peoples Bank as ATM transactions. Monthly Qualification Cycle is a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current Statement Cycle. Statement Cycle begins on the second business day of the month and ends on the first business day of the following month. If you have a Rewards Saver account linked to your Rewards Checking account, the interest does not compound in that account since it is transferred into the Rewards Saver account. The Rewards Saver APY may be less than the Rewards Checking 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 month on the last day of the current Statement Cycle, as assumed by the APY disclosed above. 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. There is a limit of 1 account per social security number. This account is not to be used for commercial purposes. If you close your account before interest is credited, you will not receive the accrued interest and you will forfeit any rewards that have not been credited to your account. Enrollment in electronic services (e.g. online banking, electronic statements) will be required to meet some of this account's qualifications. Fees may reduce earnings.

Rewards Savers

Rate TiersInterest RateAPY*
Entire Balance

If statement cycle qualifications are met in Rewards Checking.

0.35%

If statement cycle qualifications are met in Rewards Checking.

0.35%

If statement cycle qualifications are met in Rewards Checking.

Entire Balance

If statement cycle qualifications are not met in Rewards Checking.

0.10%

If statement cycle qualifications are not met in Rewards Checking.

0.10%

If statement cycle qualifications are not met in Rewards Checking.

*Annual Percentage Yield (APY) accurate as of January 1, 2018. Must have Rewards Checking account to qualify to have Rewards Saver Account. $100 deposit is required to open this account. No minimum balance is required to obtain the account's rewards. There are no recurring monthly service fees associated with this account. When qualifications are met in your Rewards Checking account during the Monthly Qualification Cycle: (1) your Rewards Checking receives 1.01% APY on balances up to $15,000, and balances over $15,000 earn 0.15% APY on the portion of the balance over $15,000 resulting in a range from 1.01% APY – 0.26% APY depending on the balance; (2) your Rewards Saver receives 0.35% APY on all balances; and (3) you receive reimbursements up to $25 (up to $4.99 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher. If qualifications are NOT met during the Monthly Qualification Cycle, all balances on your Rewards Checking and Saver accounts earn 0.10% APY and nationwide ATM fees are not reimbursed. Transactions and activities may take one or more business days from the date the transaction or activity occurred to post and settle to the account. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts and debit card transactions processed by merchants and received by Peoples Bank as ATM transactions. Monthly Qualification Cycle is a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current Statement Cycle. Statement Cycle begins on the second business day of the month and ends on the first business day of the following month. If you have a Rewards Saver account linked to your Rewards Checking account, the interest does not compound in that account since it is transferred into the Rewards Saver account. The Rewards Saver APY may be less than the Rewards Checking 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 month on the last day of the current Statement Cycle, as assumed by the APY disclosed above. 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. Transfers from your Rewards Saver to another account or to third parties by preauthorized, automatic, telephone, mobile banking or computer transfer are limited to six per calendar month with no transfers by check, draft, debit card or similar order to third parties. There is no limit on the number of withdrawals or transfers between your Peoples Bank accounts in person or at an ATM. Excess withdrawals may result in your account being closed. There is a limit of 1 account per social security number. This account is not to be used for commercial purposes. If you close your account before interest is credited, you will not receive the accrued interest and you will forfeit any rewards that have not been credited to your account. Enrollment in electronic services (e.g. online banking, electronic statements) will be required to meet some of this account's qualifications. Fees may reduce earnings.

Prestige Checking

BalanceAPY*
$300.000.05%
$10,0000.10%
$20,0000.10%
$50,0000.15%

First Rate Checking and Prestige Checking Account (50 years of age and older) require a minimum $1,000 to open and $1,000 minimum to avoid monthly service fees. This is a variable rate account. APYs (Annual Percentage Yield) are accurate as of January 1, 2018 and are subject to change, including after account opening. Fees and withdrawals could reduce earnings.

Statement Savings (Personal & Business)

BalanceAPY*
$300 & Up0.10%

Savings account requires a minimum $100 to open and $300 minimum to earn interest and avoid monthly service fees. This is a variable rate account. APY (Annual Percentage Yield) is accurate as of January 1, 2018 and is subject to change thereafter, including after account opening. Fees and withdrawals could reduce earnings.

Commercial Checking With Interest

BalanceAPY*
All Balances0.05%

Commercial Checking With Interest requires a minimum $250 to open. This is a variable rate account. *APYs (Annual Percentage Yields) are accurate as of January 1, 2018 and are subject to change, including after account opening. Fees and withdrawals could reduce earnings.

Money Market

BalanceAPY*
$0 - $9,999.990.15%
$10,000 - $24,999.990.15%
$25,000 - $49,999.990.25%
$50,000 and up0.35%

Money Market account requires a minimum $2,500 to open and $2,500 minimum to avoid monthly service fees. This is a variable rate account. APYs (Annual Percentage Yield) are accurate as of July 3, 2018 and are subject to change, including after account opening. Fees and withdrawals could reduce earnings.