Business Savings Products

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Business Savings

Our Business Savings account offers an easy, convenient way for you to put away money for a variety of reasons. A minimum of $5 is all you need to open an account. You earn interest and pay no monthly service charge. Within the guidelines of savings regulations, you may make up to six withdrawals per statement period.*

Business Power Savings

The People’s Power Saver incorporates any one of our great checking accounts and a Power savings account. This account pays a premium interest rate with no monthly fee. To obtain the benefits of the Power Saver you must set up an automatic transfer from your People’s Credit Union checking account. A minimum of one transfer must be made per month with a maximum of a weekly transfer. The minimum amount to be transferred is $25.00 and the maximum is $500.00.

Business Premium Savings

Our Business Premium Savings account is a tiered account that offers higher interest rates for accounts with larger balances. Within the guidelines of savings regulations, you may make up to six withdrawals per statement period. *  A deposit of $5.00 is required to open an account and you will earn interest on any balance over $10,000.  There are no service charges, no monthly fees and no per check fee.

Business Money Market

Our Business Money Market account combines a competitive, tiered interest rate with the convenience of check writing privileges* on maintained balances as low as $2,500. We offer interest rate tiers at $2,500, $25,000, $50,000 and $75,000. A monthly fee of $10 will be waived if you maintain a minimum balance of at least $2,500. Our Business Money Market account keeps your funds working for you and readily available.

Business Certificates of Deposit (CDs)

Our Business Certificates of Deposit allow greater flexibility and guaranteed interest over the term of the deposit.** We offer a variety of terms for business members ranging from 3 months to 5 years, as well as short-term certificates from 7 to 30 days. Most Certificate of Deposit accounts can be opened with as little as $500. Our CD Loyalty Rewards Program provides the opportunity to earn even higher yields as your total relationship with People’s grows.

*Transactions limitations:  During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of pre-authorized, automatic, or computer transfer or telephonic order or instruction.  No more than three of the six transfers may be made by check, draft, debit card (if applicable), or similar order to a third party.  If you exceed the transfer limitations set forth above in any statement period, you account may be subject to a fee of $10.00 per transaction that exceeds the limitation and account closure.

**Penalties for early withdrawal apply. See a branch representative for details.