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Business Deposit Accounts

Peoples Bank understands that consistent cash flow, maximizing your retained earnings, and protecting those funds are essential elements in managing your business operations. Let our team of professionals customize the most beneficial plan for your business needs, including access to secure digital banking tools. Visit a branch today and we'll help you gain greater control of your businesses' cash position.

Check and Debit Card Buyback Program

Peoples Bank will buyback your unused checks and debit cards from other financial institutions. Business checking accounts are eligible for up to $10 for checks and debit cards from another financial institution given at the time the checks and/or debit cards are presented.

All business deposit accounts feature:

View Business Checking Brochure 

Business Checking

Truly Free Business Checking

Perfect for most businesses!

  • 1,000 FREE transaction items per statement

  • No minimum balance

  • No service charge

  • FREE gift at account opening


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HYPE Business Checking

Premium interest rate of 4.00% APY* on balances up to $25,000 when both of the following are met:

  • 1,000 free transaction items per statement

  • 15 or more debit card purchases** each statement cycle

  • One direct deposit or automatic payment each statement cycle

Avoid a low $6 charge by either maintaining an average daily balance of $2,000 or greater, OR make 15 or more debit card purchases** each statement cycle.


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Business Interest Checking

Designed for businesses that want to earn interest!

  • 1,000 FREE transaction items per statement
  • Competitive interest
  • Only $5,000 average daily balance to avoid a $6 fee per statement cycle
  • FREE gift at account opening

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Analysis Checking

For businesses with more complex banking needs!

  • Earnings credit allowance on deposit balances may offset activity fees
  • Only $15 charge per statement cycle
  • Transaction items are just $.20 each
  • FREE gift at account opening.
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Legal Information and Disclosures

Other fees such as non-sufficient funds, overdraft, etc. may apply. See fee schedule for details. The minimum opening deposit is only $50. Ask us for details. Bank rules and regulations apply. Transaction items include all debits and credits. If the Truly Free Business, HYPE Business or Business Interest account exceeds 1,000 free monthly transactions, the account may be converted to another checking product. Free gift may be reported on a 1099-INT or 1099-MISC. Free gift provided at the time of account opening. We reserve the right to substitute a gift of similar value.  

*As of 7/15/2025 Premium interest rate of 4.00% APY (Annual Percentage Yield) on balances up to $25,000 when both the following are met: 15 or more debit card purchases** each statement cycle, one direct deposit or automatic payment each statement cycle. *When either 15 or more qualifying debit card purchases (excluding ATM withdrawals) per statement cycle are not made, and a qualifying direct deposit or automatic payment is not posted per statement cycle, all balances earn 0.00% APY. If qualifications are met, balances up to $25,000 will receive an APY of 4.00% of the portion of the balance, $25,000.01 or more will earn an interest rate of 0.00%, resulting in 4.00%- 0.00% APY. Rates may change. $50 minimum to open. Avoid a low $6 charge by either maintaining an average daily balance of $2,000 or greater OR make 15 or more debit card purchases** each statement cycle. **Transactions may take one or more banking days from the date the transaction was made to post and settle. 1,000 free transaction items per statement. See a bank employee for more details. * APY= Annual Percentage Yield

Additional Deposit Accounts

High Yield Business Money Market Account

Enjoy a special 6‐month introductory interest rate on qualifying accounts1. Your APY* is fixed for the first 6 months when you open with new money3.

  • Earn an introductory APY when you open a new High Yield Business Money Market with new money or funds from a maturing Peoples Bank CD.*
  • Maintain an active business checking account (average daily balance of $50,000 or 5+ qualifying transactions per statement cycle) to stay eligible.

  • After 6 months, your APY becomes variable and matches the current High Yield Business Money Market rate; certain deposits aren’t eligible.

  • For the most current rates, please visit a branch or call us toll-free at 1-800-891-9389.

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Advantage Business Money Market Account

With a Peoples Bank money market account, your business can earn interest on excess or special-purpose cash.

  • $10,000 minimum balance required to open.
  • Avoid $15.00 monthly fee by maintaining a $10,000 average daily balance during the monthly statement cycle.
  • For the most current rates, please visit a branch or call us toll-free at 1-800-891-9389.

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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.   

  • IntraFi® Network Deposits: 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.


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Legal Information and Disclosures

In (1) order to qualify for the introductory APY* (Annual Percentage Yield), effective 7-15-2025, you must have an active (2) business checking account with Peoples Bank. The Account must be opened with new money or with money from a maturing CD at Peoples Bank; existing High Yield Money Market Accounts are ineligible. (3) New money is funds that are transferred or brought from another financial institution and have not been deposited with Peoples Bank for at least 30 days (exception for maturing CDs at Peoples Bank). APY* after 6 months is variable and will be the same as the APY offered on the High Yield Business Money Market at that time. An (2) active business checking account at Peoples Bank is defined as having an average daily balance of $50,000 per statement cycle or five or more eligible transactions post each statement cycle. Eligible transaction types include; automatic deposits, automatic withdrawals, debit card purchase, checks, or cash/check deposits. Internal transfers to/from High Yield Business Money Market to a business checking account are not counted as activity for initial or on-going eligibility to be in the High Yield Business Money Market account. Public Funds, Brokered Deposits and Institutional Deposit are not eligible. Fees may reduce Earnings