Rates

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	0.03%	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	0.07%	0.07%
$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	0.22%	0.22%
$1,000,000.00 or greater		Daily/Monthly	0.22%	0.22%
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	0.25%	0.25%
6 Months Certificates of Deposit ^a	$500	Monthly/Monthly	0.25%	0.25%
9 Months Certificates of Deposit ^a	$500	Monthly/Monthly	0.25%	0.25%
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	0.25%	0.25%
36 Months Certificates of Deposit ^a	$500	Monthly/Monthly	0.35%	0.35%
48 Months Certificates of Deposit ^a	$500	Monthly/Monthly	0.40%	0.40%
60 Months Certificates of Deposit ^a	$500	Monthly/Monthly	0.45%	0.45%
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
<=75%	180 Months	5.25%	5.407%	$200.97

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

*Annual Percentage Rate (APR). APR based on $25,000 loan; fixed rate; 180 payments; 75% Loan-to-Value. Rate is effective as of May 11, 2020. Rates subject to change. Primary residence only. 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
<=75%	Prime Rate + .25%*	1st
<=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 May 11, 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 May 11, 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	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

Interest rate shown is effective as of May 11, 2020 and is subject to change without notice.

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 May 11, 2020, the variable rate for lines of credit is Prime + 3.00% (6.488% 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

Interest rate shown is effective as of May 11, 2020 and is subject to change without notice.

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

Interest rate shown is effective as of May 11, 2020 and is subject to change without notice.

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

Interest rate shown is effective as of May 11, 2020 and is subject to change without notice.

Deposit Account Rates as of May 11, 2020

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.