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People's Bank of Commerce

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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.





Accordion 1
Checking Account Rates
Account Name
Minimum Opening Deposit
Interest Compounded/Credited
Interest Rate
Annual Percentage Yield
Checking Plus b & c
$100
Daily/Monthly
0.05%
0.05%
Elite Checking b
$100
Daily/Monthly


Average Daily Balances of:



up to $4,999.99
Daily/Monthly
0.01%
0.01%
$5,000.00 - $24,999.99
Daily/Monthly
0.03%
0.03%
$25,000.00 - $99,999.99
Daily/Monthly
0.05%
0.05%
$100,000.00 or greater
Daily/Monthly
0.07%
0.07%

Accordion 2
Saving Rates
Account Name
Minimum Opening Deposit
Interest Compounded/Credited
Interest Rate
Annual Percentage Yield
Savings b $100 Daily/Quarterly 0.03% 0.03%
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
0.35%
0.35%
First-Time Home Buyer Savings b & e $100 Daily/Quarterly

Average Daily Balances of:



up to $2,999.99
Daily/Quarterly 0.03% 0.03%
$3,000.00 or greater
Daily/Quarterly 0.05% 0.05%
Accordion 3
Certificate of Deposit Rates
Account Name
Minimum Opening Deposit
Interest Compounded/Credited
Interest Rate
Annual Percentage Yield
3 Months Certificates of Deposit a $500 Monthly/Monthly 0.05% 0.05%
6 Months Certificates of Deposit a
$500
Monthly/Monthly
0.07%
0.07%
9 Months Certificates of Deposit a
$500
Monthly/Monthly
0.07%
0.07%
12 Months Certificates of Deposit a
$500
Monthly/Monthly
1.00%
1.00%
18 Months Certificates of Deposit a
$500
Monthly/Monthly
0.15%
0.15%
24 Months Certificates of Deposit a
$500
Monthly/Monthly
0.20%
0.20%
36 Months Certificates of Deposit a
$500
Monthly/Monthly
0.25%
0.25%
48 Months Certificates of Deposit a
$500
Monthly/Monthly
0.35% 0.35%
60 Months Certificates of Deposit a
$500
Monthly/Monthly
0.40%
0.40%
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 5
Home Equity Line of Credit
1st TRUST DEED
  • Maximum loan amount - $250,000
  • Maximum LTV 65%
2nd TRUST DEED
  • Maximum loan amount - $100,000
  • Maximum LTV 65%
1st & 2nd TRUST DEED
  • Loan-to-Value (LTV) based on Automated Valuation Module (AVM) or Appraised Value
  • Client pays all third-party fees
  • Primary residence only
  • Rate adjusts monthly on 1st of each month
  • Max Change per adjustment not to exceed 1.00%
RATE - Contact your branch to get a current home equity line of credit rate 

LOAN FEE - $250 at origination

REPAYMENT – Interest only or $50 minimum monthly whichever is greater, principal due at maturity

Accordion 6
Personal Loan
  • 0.25% discount for automatic payment from a People's Bank
    account
  • Maximum loan amount $50,000
  • Can be secured or unsecured
RATE - Contact your branch to get a current personal loan rate 

LOAN FEE - $100

REPAYMENT- Fully Amortized, Principal & Interest Payments
Accordion 7
Personal Line of Credit
  • 75% of collateral value if secured
  • Maximum line amount $50,000
  • Client pays all third-party fees
  • Rate Adjusts monthly on 1st of each month
  • Max Change per adjustment 1.00%
RATE - Contact your branch to get a personal line of credit rate 

LOAN FEE - $100 at origination and $50 annually 

REPAYMENT – 2% of Outstanding Balance - $50 minimum
Accordion 8
Auto Loans
  • New Vehicles-80% of purchase price (under invoice)
  • Used Vehicles- 80% of Kelly Blue Book Private Party “average” value
  • 0.25% discount for automatic payment from a People's Bank account
  • Minimum Down Payment is 20% of purchase price
  • Purchase money only
RATE - Contact your branch to get an auto loan rate 

LOAN FEE - $100 

REPAYMENT - Fully Amortized, Principal & Interest Payments
Accordion 9
Recreational Vehicle
  • New – 80% of purchase price (under invoice)
  • Used – 80% Kelly Wholesale “Average” value, minimum 20%down payment
  • 0.25% discount for automatic payment from a People's Bank account
  • Purchase money only
RATE - Contact your branch to get a recreational vehicle rate 

LOAN FEE - $100 

REPAYMENT - Fully Amortized, Principal & Interest Payments
Accordion 10
Boat Loan
  • New Boats – 80% of purchase price (under invoice)
  • Used Boats – 80% of Kelly Wholesale “Average” value, min 20% down payment.
  • 0.25% discount for automatic payment from a People's Bank account
  • Purchase money only
RATE - Contact your branch to get a boat loan rate 

LOAN FEE - $100 

REPAYMENT - Fully Amortized, Principal & Interest Payments
Deposit Account Rates as of November 10, 2022.
 
a) A penalty for early withdrawal.  
b) The interest rate and annual percentage yield may change after account opening.  
c) $500 Minimum balance to obtain annual percentage yield.
d) Fees could reduce earnings.
e) All funds withdrawn must be eligible expenses or tax penalties may apply.
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