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Personal Money Market Account

The convenience of check access, combined with higher rates for higher balances, makes a Money Market Account a favorite tool of savers everywhere.

Personal Money Market Account
Minimum daily balance to avoid monthly service charge $1,000
Interest rate Tiered rates pay higher Annual Percentage Yield (APY) on higher balances
Online Banking Included
Monthly service charge $10 service charge waived with $1,000 minimum daily balance
Penalty for early withdrawal No
Ability to write checks Yes
Amount required to open the account $100
Well Suited for These Savings Goals Earn a competitive rate of interest while retaining immediate access to your funds

This interest-bearing account is an excellent money-management tool. It is normally used in conjunction with a Peoples Personal Checking Account and may be used as a primary account if you do not need to write more than six checks per month. With this account, you'll enjoy these features:

  • Earn a competitive rate of interest while retaining immediate access to your funds.
  • Write up to six checks per month.*
  • Low minimum balance requirement to avoid service charges.
     *A $5.00 transaction fee applies to each excessive transaction per statement cycle.

 

Fee Schedule

  • Minimum Daily Balance to Avoid Monthly Service Charge: $1,000
  • Monthly Service Charge if Below Minimum: $10
  • Minimum Opening Deposit: $100
  • Interest is compounded daily and paid monthly.
  • Effect of fees may reduce earnings. This is a variable rate account; rate is subject to change without notice.
 

Personal Money Market Account Rates

     
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Compare Personal Savings Accounts

  Personal Savings » Personal Premium Savings » Certificates of Deposit » Money Market » Health Savings Account »
Minimum Daily Balance to Avoid Monthly Service Charge $300 $25,000 n/a $1,000 None
Monthly Service Charge (if below minimum) $3 $15 $0 $10 $3 applies regardless of balance
Minimum Balance to Open $100 $100 Varies $100 $100 to open
Penalty for Early Withdrawals No No May apply No No
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 » *Tiered rates pay higher Annual Percentage Yield on higher balances. Details » Variable tiered rates pay higher Annual Percentage Yield on higher balances. Details »
Ability to Write Checks No No No Yes Yes
Well Suited to These Savings Goals Children's savings accounts, balances 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. Earn a competitive interest rate while retaining immediate access to your funds. Pair this account with a high-deductible health plan (HDHP).

Refer to our Miscellaneous Fee Schedule for complete details and fee information.