Peoples Business Sweep Cash Management Account
This account is designed to enable businesses to earn a higher rate on their excess funds in their checking account, over and above the amount needed to cover their monthly activity charges. An analysis is made of the checking account to determine the minimum balance required in that account to cover activity and the excess is transferred daily to or from the Business Sweep account to maintain that balance.
- The minimum balance required in the Business Sweep account to earn the higher rate is $5,000.00.
- If the balance in the Business Sweep account falls below $5,000.00, the rate earned on the account reverts to the bank’s basic savings rate.
- There is a $5.00 per month fee for the Business Sweep account or $10.00 per month if notices are mailed regarding each transaction.
- This is a tiered rate account and rates will be posted in the lobby of the bank.
- The interest rate may change monthly.
- Free Internet Banking.
BUSINESS SWEEP SAVINGS
Rates effective as of December 19, 2024 and subject to change without notice.| BALANCE | INTEREST | ANNUAL PERCENTAGE YIELD (APY) ) |
|---|---|---|
| Under $5,000.00 | 0.01% | 0.01% |
| $5,000.01 - $15,000.00 | 0.03% | 0.03% |
| $15.000.01 - $30,000.00 | 0.05% | 0.05% |
| 30,000.01 - $100,000.00 | 0.75% | 0.75% |
| $100,000.01 - $250,000.00 | 1.49% | 1.50% |
| Over $250,000.00 | 2.32% | 2.35 % |
REGULAR SAVINGS ACCOUNT
Rates effective as of December 19, 2024 and subject to change without notice.Savings rates are compounded daily
| BALANCE | INTEREST | ANNUAL PERCENTAGE YIELD (APY) |
|---|---|---|
| $0.00 - $9,999.99 | 0.05% | 0.05% |
| $10,000 - $24,999.99 | 0.10% | 0.10% |
| $25,000 and above | 0.50% | 0.50% |
| Non-sufficient Funds | $30.00 per item |
| Stop Payment | $30.00 per item |
| Statement Research | $15.00 per hour / $1.00 per copy |
| Dormant Accounts (Assessed after 3 years of no activity) | $3.00 per month |
| Overdraft not cleared within 5 days | $5.00 per day |
| ATM transaction on non-Peoples State Bank ATM's | $1.00 per transaction |
| Reprinted Statements | $3.00 per copy |
| Cashier's Check | $4.00 |
| Money Orders (Maximum Money-Order $500.00) | $2.50 |
| Domestic Wire Transfer | $15.00 |
| International Wire Transfer | $50.00 |
| Duplicate ATM Card or Pin Number | $2.50 per card |
| Research | $15.00 per hour and $1.00 per page |
| Duplicate ATM Card | $2.50 per card |
| Foreign ATM Fee | $1.00 per transaction |
| Dormant Account (assessed after 3 years of no activity) | $3.00 per month |
| Current Activity Print Out | $1.00 per copy |
| Telephone Transfers | $5.00 per transaction |
| Drawstring Bags | $2.00 |
| Zipper Bags | $3.00 |
| Lock Bags (with two night deposit keys) | $20.00 |
| Night Deposit Key | $2.00 each |
| Debit Card Replacement | $5.00 |
