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Business Savings

Business Savings

Peoples Bank has a variety of accounts and services designed to help you manage your business' savings and excess cash.

Business Savings »

The foundation of any business savings plan starts with Business Savings. And with its low minimum balance requirement, Business Savings is the perfect way to get started.

Certificates of Deposit »

Certificates of Deposit are for businesses, too, and come in a variety of terms. If you need a single CD or a portfolio that matures on a regular basis, check out our competitive rates.

Business Premium Savings »

With money market-style rates, Business Premium Savings is a great way to go. Featuring tiered rates, you're rewarded with higher yields for higher balances.

Cash Manager Sweeps »

In today's fast paced business environment, your business needs tools to help it manage its cash resources more effectively. Take control with cash sweeps.

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Compare Business Savings Accounts

  Business Savings » Business Premium Savings » Certificate of Deposit »
Minimum Daily Balance to Avoid Monthly Service Charge $500.00 $25,000.00 n/a
Monthly Service Charge (if below minimum) $3.00 $15.00 n/a
Minimum Balance to open $100.00 $100.00 Varies
Penalty for early withdrawals No No May apply
Excessive Transaction fee $5 $5 Funds may not be withdrawn without penalty during the term.
Interest Rate Details » *tiered rates pay higher Annual Percentage Yield (APY) on higher balances. Details » Fixed and variable rates available and are tiered based on balance. Details »
Well suited to these savings goals Savings accounts with balance less than $25,000, saving with the option to withdraw without penalty Balances greater than $25,000, saving with the option to withdraw without penalty Longer-term savings goals with no anticipated need to withdraw during CD's term