This Rate Chart contains information about Interest rates and annual percentage yields for some of the accounts we offer. People's Bank offers Certificates of Deposits with varying date ranges. The annual percentage yield on all Certificate of Deposits with a term length indicated in a range of days/years is calculated on the maximum term length for that particular certificate.
Rates
Accordion 1
Checking Account Rates
| Account Name | ||||
|---|---|---|---|---|
| Checking Plus b & c | ||||
| Elite Checking b | ||||
| Average Daily Balances of: | ||||
| up to $4,999.99 | Daily/Monthly |
|||
| $5,000.00 - $24,999.99 | Daily/Monthly |
0.05% |
||
| $25,000.00 - $99,999.99 | Daily/Monthly |
0.07% |
0.07% |
|
| $100,000.00 or greater | Daily/Monthly |
0.10% |
0.10% |
Accordion 2
Saving Rates
| Account Name | ||||
|---|---|---|---|---|
| Savings b | $100 | Daily/Quarterly | 0.05% | 0.05% |
| Money Market Checking b | $100 | Daily/Monthly | ||
| Average Daily Balances of: |
||||
| up to $49,999.99 | Daily/Monthly |
0.05% |
0.05% |
|
| $50,000.00 - $99,999.99 | Daily/Monthly |
0.10% |
0.10% |
|
| $100,000.00 - $499,999.99 |
Daily/Monthly
|
0.15% |
0.15% |
|
| $500,000.00 - $999,999.99 |
Daily/Monthly
|
0.20% |
0.20% |
|
| $1,000,000.00 or greater |
Daily/Monthly
|
0.20% |
0.20% |
Accordion 3
Certificate of Deposit Rates
| Account Name | ||||
|---|---|---|---|---|
| 3 Months Certificates of Deposit a | $500 | Monthly/Monthly | 0.10% | 0.10% |
| 6 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.15% |
0.15% |
| 9 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.15% |
0.15% |
| 12 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.25% |
0.25% |
| 18 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.25% |
0.25% |
| 24 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.65% |
0.65% |
| 25 Months Certificates of Deposit a,e | $500 | Monthly/Monthly | 2.00% | 2.02% |
| 36 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.80% |
0.80% |
| 48 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
1.00% | 1.00% |
| 60 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
1.75% |
1.75% |
| 84 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.60% |
0.60% |
| 120 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.60% |
0.60% |
Accordion 4
| LTV | ||||
|---|---|---|---|---|
| <=80% |
- LTV based on AVM (Automated Valuation Module) or Appraised Value
- Client pays all third party fees
- Loan fee of $100
- Cannot be combined with any other offer
** APR based on $75,000 loan; fixed rate; 180 payments; 80% Loan-to-Value. Rate is effective as of December 12, 2018. Rates subject to change. Property Insurance and Taxes required, however, is not included in payment. Minimum loan amount is $10,000. Loans of $250,000 or more requires an appraisal; all loans require title insurance. Offer is subject to normal credit qualifications and program guidelines. Contact us for more information.
Accordion 5
Home Equity Line of Credit
| LTV | ||
|---|---|---|
| <=80% | ||
| <=80% | Prime Rate + .50%* |
2nd |
| >=80% | Not Available |
- Term: 10 years
- No Annual Fee
- Loan Fee: $100
- Repayment: Interest Only - $50 Min. (A balloon payment may result at maturity)
- LTV based on AVM (Automated Valuation Module) or Appraised Value
- Client pays all third party fees
- Rate adjusts monthly on the 1st of each month
- Max. Change per Adjustment 1.0%
*The Annual Percentage Rate (APR) will vary at Prime Rate as published in the Wall Street Journal. As of December 12, 2018, the variable rate for lines of credit is Prime + .25% to Prime + .50% (6.25% APR to 6.25% APR, based on $25,000 loan amount and 2nd lien position). Minimum introductory floor rate is 6.00% APR or Prime rate + .25% to .50% whichever is greater, maximum cap rate is 18.00% APR. Rates vary by Loan-to-Value (LTV) and credit qualification. No prepayment penalty. Property insurance is required. Consult your tax advisor regarding the deductibility of interest. Offer subject to change without notice. Some restrictions may apply.
Accordion 6
Personal Loan
| Rate | Loan Fee | ||
|---|---|---|---|
| 10.00% | $100 | ||
| 10.00% | 11.050% | 48 Mos. | $100 |
- Annual Percentage Rate (APR) assumes loan fee financed
- APR based on $5,000 financed for appropriate term
- 1/4% discount for automatic payment from People's Bank account
- Can be secured or unsecured
- Loan fee of $100
Accordion 7
Personal Line of Credit
| Rate | Repayment | Rate Adjustment | ||||
|---|---|---|---|---|---|---|
| Prime Rate + 5.00% ($1,000 - $3,000) Prime + 3.00% (over $3,000) | 2% of Outstanding Balance - $50 Min. |
Rate adjusts monthly on 1st of each month,
maximum change per adjustment 1.0%
|
The Annual Percentage Rate (APR) will vary at Prime Rate as published in the Wall Street Journal. As of December 12, 2018, the variable rate for lines of credit is Prime + 3.00% (8.75% APR, based on $25,000 loan amount). Maximum cap rate is 18.00% APR.
Accordion 8
Auto Loans
| Type | ||||
|---|---|---|---|---|
| New-4 yr. | ||||
| New-4 yr. | ||||
| New-4 yr. | 6.50% | 6.927% | Up to 60 Mos. | $100 |
| *New | 6.75% | 6.992% | Up to 72 Mos. | $100 |
| 5 yr. - 7yr | 7.25% | 7.779% | 48 Months | $100 |
| 8yr-Older | 8.00% | 8.532% | 48 Months | $100 |
- Annual Percentage Rate (APR) assumes loan fee financed
- APR based on $10,000 financed for appropriate term
- *APR based on $15,001 financed for 72 months
- New Vehicles-Maximum loan amount 80% of purchase price and not to exceed invoice amount
- Used Vehicles- Maximum loan amount 100% of Kelly Blue Book Private Party Average value minimum down payment is 20% of purchase price
- ¼% discount for automatic payment from People's Bank account
72-Month Term Guidelines
New vehicles only
Minimum financed is $15,001
Minimum Down payment is 20% of purchase price
Accordion 9
Recreational Vehicle
| Type | ||||
|---|---|---|---|---|
| New/Used | ||||
| New/Used | ||||
| New | 8.25% | 8.287% | 121 to 180 Mos. | $100 |
- Annual Percentage Rate (APR) assumes loan fee financed
- APR based on $20,000 financed for maximum term
- New-Maximum loan amount 80% of purchase price and not to exceed invoice amount
- Used- Maximum loan amount not to exceed Kelly Wholesale Average value and minimum 20% down payment
- 1/4% discount for automatic payment from People's Bank account
180-Month Term Guidelines
New vehicles only
Minimum financed is $50,001
Minimum Down payment is 20% of purchased price
Accordion 10
Boat Loan
| Type | ||||
|---|---|---|---|---|
| New/Used | ||||
| New/Used |
- Annual Percentage Rate (APR) assumes loan fee financed
- APR based on $10,000 financed for appropriate term
- New Boats- Maximum loan amount 80% of purchase price and not to exceed invoice amount
- Used Boats- Maximum loan amount 100% of Kelly Wholesale Average value and minimum 20% down payment
- 1/4% discount for automatic payment from People's Bank account
