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 |
0.10% |
||
| $25,000.00 - $99,999.99 | Daily/Monthly |
0.12% |
0.12% |
|
| $100,000.00 or greater | Daily/Monthly |
0.15% |
0.15% |
Accordion 2
Saving Rates
| Account Name | ||||
|---|---|---|---|---|
| Savings b | $100 | Daily/Quarterly | 0.15% | 0.15% |
| Money Market Checking b | $100 | Daily/Monthly | ||
| Average Daily Balances of: |
||||
| up to $49,999.99 | Daily/Monthly |
0.14% |
0.14% |
|
| $50,000.00 - $99,999.99 | Daily/Monthly |
0.19% |
0.19% |
|
| $100,000.00 - $499,999.99 | Daily/Monthly |
0.24% |
0.24% |
|
| $500,000.00 - $999,999.99 | Daily/Monthly |
0.29% |
0.29% |
|
| $1,000,000.00 or greater | Daily/Monthly |
0.29% |
0.29% |
|
| First-Time Home Buyer Savings b & e | $100 | Daily/Quarterly | ||
| Average Daily Balances of: |
|
|||
| up to $2,999.99 | Daily/Quarterly | 0.10% | 0.10% | |
| $3,000.00 or greater | Daily/Quarterly | 0.50% | 0.50% |
Accordion 3
Certificate of Deposit Rates
| Account Name | ||||
|---|---|---|---|---|
| 3 Months Certificates of Deposit a | $500 | Monthly/Monthly | 0.33% | 0.33% |
| 6 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
1.01% |
1.01% |
| 9 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.38% |
0.38% |
| 12 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
1.25% |
1.26% |
| 18 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.75% |
0.75% |
| 24 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.88% |
0.88% |
| 36 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
1.03% |
1.03% |
| 48 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
1.23% | 1.24% |
| 60 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
1.85% |
1.87% |
| 84 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.83% |
0.83% |
| 120 Months Certificates of Deposit a |
$500 |
Monthly/Monthly |
0.83% |
0.83% |
Accordion 4
| LTV | ||||
|---|---|---|---|---|
| <=75% |
- LTV based on AVM (Automated Valuation Module) or Appraised Value
- Client pays all third party fees
- Loan fee of $250
- Cannot be combined with any other offer
Accordion 5
Home Equity Line of Credit
| LTV | ||
|---|---|---|
| <=75% | ||
| <=60% to 70% | Prime Rate + 1.00%** |
2nd |
- Term: 10 years
- No Annual Fee
- Loan Fee: $250
- 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 February 14, 2020, the APR is 6.139%. Estimated loan cost range from $314.25 to $2,173.25. Primary residence only. 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.
***The Annual Percentage Rate (APR) will vary at Prime Rate as published in the Wall Street Journal. As of February 14, 2020, the APR is 6.642%. Estimated loan cost range from $314.25 to $2,173.25. Primary residence only. 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. Contact us for more information.
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
Interest rate shown is effective as of February 14, 2020 and is subject to change without notice.
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 February 14, 2020, the variable rate for lines of credit is Prime + 3.00% (8.50% 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
Interest rate shown is effective as of February 14, 2020 and is subject to change without notice.
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
Interest rate shown is effective as of February 14, 2020 and is subject to change without notice.
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
Interest rate shown is effective as of February 14, 2020 and is subject to change without notice.
