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Business Deposit Accounts

Checking & Savings Accounts Designed for Business Use

Just as every person’s financial needs are different, so are each business’s financial needs. We try to accommodate each business’s unique needs by providing a variety of business checking and savings accounts.

Each account is designed for a business within a certain transaction volume limit or by the type of business you run.

Money Market Rates

Interest TiersAPY*
$0.00 - $25,000.000.15%
$25,000.01 - $100,0001.15%
$100,000.01 - $250,0001.45%
$250,000.01 - $500,000

1.55%

$500,000.01 - $1 Million1.70%
Over $1 Million1.80%

* The Annual Percentage Yield (APY) is accurate as of 11/07/2019 and subject to change after account opening. The minimum balance to open is $1,500. Fees may reduce earnings. Please contact a Peoples Bank banker for full terms of account. Member FDIC

 

Business Deposit Account Options

Compare our business checking and savings account options in the table below. When you have found the one that best fits your needs, visit a Peoples Bank location to open your account.

 Basic Business CheckingBusiness Plus+ CheckingAnalysis CheckingAg Rewards CheckingNon-Profit CheckingMyPeoples Money MarketMyPeoples Money Market Non-Profit

"I want to..."

Low with regard to account activity and balances.

Moderate with regard to account activity and balances.

Looking to reduce fees with a high earnings credit.  High volume account.

Related to the Ag Industry.

 

Daily checking account for Non-Profits

Interested in moving extra funds to a money market account to earn interest.

A Non-Profit looking for a higher rate of return.

Benefits

50 items FREE

Business Online Banking & Bill Pay1

300 items FREE

Business Online Banking & Bill Pay1

Earnings credit to offset fees

Business Online Banking & Bill Pay1

Daily market texts to your cell phone*

Business Online Banking & Bill Pay1

Cashier’s checks and money orders

 

  300 items FREE

  Business Online Banking & Bill Pay1

Earns interest; rate based on balance

Business Online Banking & Bill Pay1

Earns interest; rate based on balance

Business Online Banking & Bill Pay1

Initial Deposit

$100

$100

$100

$100

$100

$1,500

$1,500

Statements

E-Statements – FREE

Paper Statements- $3.00/month

Paper Statements with Images - $5.00/month

Combined statements

E-Statements – FREE

Paper Statements - $3.00/month

Paper Statements with Images - $5.00/month

Combined statements

E-Statements - FREE

Paper Statements

Combined statements

Images included

E-Statements - FREE

Paper Statements

Combined statements

 E-Statements - FREE

 Paper Statements-    $3.00/month

 Paper Statements with     Images - $5.00/month

 Combined statements

Images included

E-Statements-FREE

Paper Statements

Combined statements

Images included

Paper statements

E-Statements - FREE

Combined statements

Fees

Avoid $5.00 per month by maintaining $500 minimum average balance.

First 50 items FREE, then $0.25 per debit item and $0.25 per transit item deposited.

Avoid $10.00 per month by maintaining $3,000 minimum average balance.

First 300 items FREE, then $0.25 per debit item and $0.25 per transit item deposited.

Earnings credit2 on average collected balances to reduce or avoid the following fees:

$10.00 per month

$0.10 per transit item deposited. $0.20 per debit item.

Avoid a $5.00 per month by maintaining an average daily balance of $500.

 

First 300 items FREE, then $0.25 per debit item and $0.25 per transit item deposited.

Avoid a $15.00 per month by maintaining an average daily balance of $1,500.

$10.00 activity fee per withdrawal over limit of 6 per month.

Avoid a $15.00 per month by maintaining an average daily balance of $1,500.

$10.00 activity fee per withdrawal over limit of 6 per month.

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* 1 Bill Pay, $4.95 per month includes 20 payments, each additional payment is $0.50. *Fees charged by your mobile carrier may apply. 2 Earnings Credit is based on the calculated value of the index described as the Wall Street Journal US Prime Rate minus 3.25 percentage points with a floor rate of .50 percentage points and a ceiling rate of 2.0 percentages points. Fees specific for each deposit account are detailed in your specific account disclosure and available at any Peoples Bank branch. Fees may apply to account-related services and are available in the account fee schedule available at any Peoples Bank branch. Your periodic statement may show fees described as “service charges.” Please refer to the “itemization of service charge” section of your account statement for detailed fee descriptions.