Business Savings
Start your path to what’s next with Peoples Bank Business Savings. Designed to help manage your savings and excess cash, this account is the perfect solution for businesses with a balance of less than $10,000. Enjoy low or no monthly service charges (waived with a minimum daily balance) while growing your funds.
Business Savings Solutions
Peoples Bank has a variety of accounts and services designed to help you manage your business’ savings and excess cash. Speak with a banker to find the solution that’s right for your business.
Business Savings
Well suited for savings accounts with balances less than $10,000
- Minimum to open: $50
- Monthly Service Charge: $31
- Minimum daily balance to avoid monthly service charge: $300
- Withdrawal Limitations: Limited to 10 free withdrawals per month2
- Cash Deposited: Includes first $5,000 per month, then $0.08 per $100
- Per Item Deposited: Includes first 50 combined items per month, then $0.38 per item
Business Money Market
Earn a competitive interest rate while retaining immediate access to your funds
- Minimum to open: $50
- Monthly Service Charge: $101
- Minimum daily balance to avoid monthly service charge: $10,000
- Withdrawal Limitations: Limited to 10 free withdrawals per month2
- Cash Deposited: Includes first $5,000 per month, then $0.08 per $100
- Per Item Deposited: Includes first 50 combined items per month, then $0.38 per item
Business Money Market
Business Money Market
| Term | APY* | Interest Rate |
|---|---|---|
| less than $25,000 | 0.20% | 0.20% |
| $25,000 - $99,999 | 0.70% | 0.70% |
| $100,000 - $499,999 | 1.65% | 1.64% |
| $500,000 + | 2.20% | 2.18% |
Last Updated On: December 30, 2024
*Annual Percentage Yield (APY) is current as of the effective date. Rates are variable and subject to change after account opening. There is no minimum to earn interest. Fees could reduce earnings.
Business Savings
CD Special
Earn even more when you choose a Certificate of Deposit (CD). A CD is a popular and safe way to achieve your financial goals. Choose a term as little as 6 months or as long as five years. Peoples Bank offers accounts with fixed interest rates.
Watch your money grow.
13-Month Fixed Rate
7-Month Fixed Rate
4.05%APY*
Fixed Rate Certificate Rates
| Term | APY* | Interest Rate |
|---|---|---|
| 6 months | 2.00% | 1.98% |
| 12 months | 2.05% | 2.03% |
| 18 months | 2.15% | 2.13% |
| 24 months | 2.20% | 2.18% |
| 36 months | 2.25% | 2.23% |
| 60 months | 2.30% | 2.27% |
Last Updated On: December 30, 2024
*Annual Percentage Yield (APY) is current as of the effective date listed and applies to the initial term. Rates are subject to change. The APY assumes interest will remain on deposit until maturity. A minimum deposit of $500 is required to open the account. There is no minimum to earn interest. A withdrawal will reduce earnings, and a penalty may be imposed for early withdrawal.
Expert Solutions
At Peoples Bank, we think business bankers should also be business partners. That’s why we work with you to understand where your business is now and where you want it to be. Then we offer customized services to help you get there.
Business Checking
Whether your organization is large corporate, small office, nonprofit, or home-based, Peoples Bank has a business checking option that’s tailored to you. Our business checking accounts offer all the banking essentials and more, with features that are designed to meet your specific needs. Let our business banking team find the right solution for your growing business.
Business Credit Card
Choosing the right business credit card is easier than ever with Peoples Bank. Get all the essential features for your business with one of our Visa® credit cards. Enjoy flexible cash rewards and expense management tools and put your mind at ease with our enhanced security features.
Small Business Loans
Peoples Bank is committed to providing financing solutions that help you manage and expand your small business with ease. Operating and growing a small business requires determination, expertise, and hard work, along with the right level of financial support. Let Peoples Bank help you find a small business funding solution that’s customized to your unique needs and goals.
Loans & Lines of Credit
Smart solutions for your business start with Peoples Bank. We are dedicated to serving the financing needs of businesses in Washington by providing customized financial solutions. From Commercial Real Estate to Working Capital and SBA loans, let Peoples Bank help fuel your company’s growth. Our business banking team is always ready to help.
Treasury Management
Our Treasury Management solutions help you address your complex cash management needs. Streamline your payables and receivables, reduce your fraud risk, and improve the use of your working capital. Let our Treasury Management team help make the most out of your business banking experience.
Equal Housing Lender