Rates

This Rate Chart is designed to help you easily understand the interest rates and annual percentage yields (APYs) available on several of our account options. At People’s Bank, we offer a variety of Certificates of Deposit (CDs) with different term lengths, so you can choose the option that best fits your savings goals.

For CD products that list their terms as a range of days or years, the APY is calculated using the longest term in that range. This helps ensure you have a clear and consistent view of how your savings can grow over time.

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	0.03%	0.03%
Elite Checking ^b	$100	Daily/Monthly
Average Daily Balances of:
up to $4,999.99		Daily/Monthly	0.05%	0.05%
$5,000.00 - $24,999.99		Daily/Monthly	0.06%	0.06%
$25,000.00 - $99,999.99		Daily/Monthly	0.11%	0.11%
$100,000.00 or greater		Daily/Monthly	0.15%	0.15%

Accordion 2

Saving Rates

Account Name	Minimum Opening Deposit	Interest Compounded/Credited	Interest Rate	Annual Percentage Yield
Savings ^b	$100	Daily/Quarterly	0.05%	0.05%
High Yield Savings ^d	$1,000	Daily/Quarterly
Average Daily Balances of:
up to $999.99			0.05%	0.05%
$1,000.00 - $5,000.99			1.75%	1.76%
$5,001.00 - $9,999.99			1.05%	1.06%
$10,000.00 or greater			.015%	.015%
Money Market Checking ^b	$100	Daily/Monthly
Average Daily Balances of:
up to $49,999.99		Daily/Monthly	0.10%	0.10%
$50,000.00 - $99,999.99		Daily/Monthly	0.20%	0.20%
$100,000.00 - $499,999.99		Daily/Monthly	0.75%	0.75%
$500,000.00 - $999,999.99		Daily/Monthly	1.10%	1.11%
$1,000,000.00 - $2,999,999.00		Daily/Monthly	1.35%	1.36%
$3,000,000.00 or greater		Daily/Monthly	2.63%	2.66%
First-Time Home Buyer Savings ^{b & e}	$100	Daily/Quarterly
Average Daily Balances of:
up to $2,999.99		Daily/Quarterly	0.05%	0.05%
$3,000.00 or greater		Daily/Quarterly	0.07%	0.07%

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	2.00%	2.02%
9 Months Certificates of Deposit ^a	$500	Monthly/Monthly	2.00%	2.02%
12 Months Certificates of Deposit ^a	$500	Monthly/Monthly	2.25%	2.27%
18 Months Certificates of Deposit ^a	$500	Monthly/Monthly	2.50%	2.53%
24 Months Certificates of Deposit ^a	$500	Monthly/Monthly	2.50%	2.53%
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 4

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