Savings Accounts
You don’t need a mega-bank to invest your company income wisely. Manage it all online, and add remote deposit for even easier transactions.
- No minimum balance to earn interest
- Business Online Banking services available
- Remote Deposit Checking (RDC) or Mobile Deposit
- Low $100 minimum deposit to open
Money Market Accounts
Capitalize your investments, have liquidity for surprises, and be efficient with excess cash by earning interest. Who doesn’t like that?
- No monthly maintenance fee when receiving eStatements
- Cash management services available
- Remote Deposit Checking (RDC) or Mobile Deposit
- $500 minimum opening deposit
Certificates of Deposit (CDs)
Add a little punch to your investments with guaranteed rates of return. Longer maturity terms deliver even higher rates. It’s your choice—3 to 30 months—so you can plan your savings return in advance. CDs at The Peoples Bank let you reach the short- or long-term objectives that fit your business’s plans.
- Earn at a higher rate than typical business savings accounts
- Increased rates on longer-term CDs
- Guaranteed returns for the length of your term
- Funds are FDIC insured for your protection
- Terms range from 3 months to 30 months
- Early withdrawal penalties apply
- $500 minimum deposit to open
ICS and CDARS – Safe, Simple Cash Management with Expanded FDIC Coverage
Using the IntraFi Cash Service, or ICS, your business can make substantial interest-bearing investments right here at home with the security of guaranteed insurance protection. It’s safe, easy, and reassuringly local. The Peoples Bank, like similar institutions that offer CDARS, is a member of the IntraFi network. When we place your funds through the CDARS service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed in CDs at multiple banks. When we place your funds through the ICS, IntraFi Cash Service, that deposit is placed into money market accounts at multiple banks. As a result, you can access coverage from many institutions while working directly with The Peoples Bank. It’s one more way we love to serve businesses within our community.
- Retain FDIC insurance on CD investments up to $50 million
- See all CD summaries on one easy-to-read monthly statement
- Enjoy one consistent banking relationship
- Simplify money management with one year-end tax form
- Insure deposits beyond the $250,000 FDIC limit
- Feel good knowing your funds stay local
- Great for and available to non-profits
To learn more about how ICS and CDARS works, find answers to common questions and access other helpful information by clicking the button below.