Adel Branch - Closed on 8/14

The Peoples Bank Adel branch will be closed on Saturday, August 14.

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Business Deposit Accounts

Deposit Accounts 

At Peoples Bank, we understand that consistent cash flow, maximizing your retained earnings, and protecting those funds are essential elements in managing your business operations. Our team of professionals will take the time to understand your business, so that we may customize the most beneficial plan to your business needs. All of our business deposit accounts include upon request, our secure digital banking tools so that you can bank anywhere, anytime with peace of mind. Visit a Peoples Bank branch today, and allow our team to help you gain greater control of your businesses' cash position.

All business deposit accounts feature:

View Account Comparison Chart 

Money Market Accounts

With a Peoples Bank money market account, your business can earn interest on excess or special-purpose cash. Review our competitive money market rates below, then visit a branch today to open an account.

  • MyPeoples Money Market: Earn interest on extra funds with our competitive interest rates; low minimum balance requirement allows businesses of all sizes to take advantage. 
  • MyPeoples Money Market Non-Profit: Designed for a non-profit looking for a higher rate of return.
Interest Tiers
Annual Percentage Yield (APY)*
$0.00 - $25,000.00
$25,000.01 - $100,000 
$100,000.01  - $250,000 
$250,000.01 - $500,000 
$500,000.01 - $1 Million
Over $1 Million

*The Annual Percentage Yield (APY) is accurate as of 7/22/2021 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 the account. Member FDIC. **An activity fee of $10.00 will be charged for each transaction in excess of 6 per month.

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Checking Accounts

Peoples Bank offers several checking account options to serve the long-term financial needs of a variety of businesses and industries. Visit our Treasury Management team today to determine which product is right for your business.

  • Business Basic Checking: Best suited for sole proprietors and new businesses with low account activity and balances.
  • Business Plus+ Checking: Designed for growing businesses with moderate regard to account activity and balances.
  • Analysis Checking: Intended for commercial entities with high volume accounts who are looking to reduce fees with a high earnings credit.  
  • Ag Rewards Checking: Tailored for agriculture customers with specialized benefits.
  • Non-Profit Checking: Daily checking account for a nonprofit business or organization.

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Sweeps Accounts

Peoples Bank offers a wide range of sweep account options that provide our customers the ability to automatically transfer funds, so they can spend less time manually moving money and more time growing their business.   

  • CDARS/ICS: As a proud member of the IntraFi Network since 2005, Peoples Bank can give our customers the ability to bank at one financial institution while giving them the peace of mind that their funds are 100% FDIC insured.  This program will separate out funds into the insurable amount and distribute them to financial institutions within the network. These accounts and funds can be viewed directly from the Peoples Bank online banking service at your convenience.

  • Lines of Credit Sweep: Sweep functions can be connected to lines of credit allowing you to sweep from or to that line of credit to fund a checking account or to pay down the line of credit when needed with excess funds.

  • Money Market Sweep: Maximizing your retained earnings on excess funds has never become easier with the automated sweep. Target balances may be established to ensure enough cash remains stabilized for operating expenses while excess funds are capturing the best possible rate of return.

  • Zero Balance Accounts: Protect your funds from fraud, by designating separate accounts for specific payment processing purposes and connecting sweep functions, restricting the total amount of funds that can be transferred.

Visit a Branch   Watch CDARS Video Tutorial Watch ICS Video Tutorial
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Business Loans

Our decisions are made locally and quickly so you can get the funding you need with a repayment plan that works for you.  

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Need the convenience to bank anytime, anywhere? Enroll in our e-banking tools to start banking with freedom.

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 Treasury Management

Our team has the services and products to help you gain greater control of your business's cash position.

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