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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
0.03%
0.03%
Elite Checking b
$100
Daily/Monthly


Average Daily Balances of:



up to $4,999.99
Daily/Monthly
0.03%
0.03%
$5,000.00 - $24,999.99
Daily/Monthly
0.05%
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
Minimum Opening Deposit
Interest Compounded/Credited
Interest Rate
Annual Percentage Yield
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
Minimum Opening Deposit
Interest Compounded/Credited
Interest Rate
Annual Percentage Yield
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
Home Equity Loan
LTV
Term
Rate
APR*
Payment
<=80%
180 Months
5.09%
5.09%
$596.62


  • 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
*Annual Percentage Rate (APR).
** 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
Rate
MTG
<=80%
Prime Rate + .25%*
1st
<=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
APR
Term
Loan Fee
10.00%
11.361%
36 Mos.
$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
Limit
Term
Annual Fee
Loan Fee
Repayment Rate Adjustment
Prime Rate + 5.00% ($1,000 - $3,000) Prime + 3.00% (over $3,000)
$1,000 and over
5 years
$50
$100
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
Rate
APR
Term
Loan Fee
New-4 yr.
6.50%
7.187%
Up to 36 Mos.
$100
New-4 yr.
6.50%
7.024%
Up to 48 Mos.
$100
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
Rate
APR
Term
Loan Fee
New/Used
7.25%
7.468%
Up to 60 Mos.
$100
New/Used
7.625%
7.743%
61 to 120 Mos.
$100
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
Rate
APR
Term
Loan Fee
New/Used
7.25%
7.679%
Up to 60 Mos.
$100
New/Used
7.625%
7.857%
61 to 120 Mos.
$100

  • 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

Deposit Account Rates as of 10.17.2018
 
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) May bump up the rate one time during the term at the current published bank rate.
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