Non-Interest Bearing Checking Accounts
Single Charge Checking Account
- $100.00 minimum to open. (No monthly minimum balance required)
- No monthly fee - if minimum balance of $750.00 per month is maintained
- $8.50 monthly maintenance fee
- No initial setup fee for ATM card order
- Unlimited deposits and withdrawals
- Monthly statements with check images
- This account is for personal use only
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Special Checking Account
- $100.00 minimum to open (No monthly minimum balance required)
- $4.00 monthly maintenance fee plus $.25 per check
- Unlimited deposits and withdrawals
- Monthly statements with check images
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Regular Checking
- $100.00 minimum to open (No monthly minimum balance required)
- $5.50 monthly maintenance fee plus $.20 per check and $.20 per deposit and $.07 charge per non-cash item in each deposit
- Receive $.30 credit towards your service charge for each $100.00 low balance you keep
- Unlimited deposits and withdrawals
- Monthly statements with check images
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55 Special
- For account holders that are 55 years of age or older
- $100.00 minimum to open. (No monthly minimum balance required)
- No monthly maintenance fee - by maintaining ledger balance of $750.00 per month
- $4.00 monthly maintenance fee with ledger balance between $500.00 and $750.00
- $8.00 monthly maintenance fee with a ledger balance below $500.00
- Ten free non-cash items with deposits per month, $.07 over ten.
- Unlimited deposits and withdrawals
- Monthly statements with check images
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Golden Age Checking Account
- For account holders that are 65 years of age or older
- $100.00 minimum to open (No monthly minimum balance required)
- No monthly maintenance fee
- No check-writing fee
- Unlimited deposits and withdrawals
- Monthly statements with check images
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Non-profit Organization Checking
- $100.00 minimum to open
- No monthly maintenance fee - by maintaining a balance of $200.00 or more
- $5.00 monthly maintenance fee if account balance falls below $200.00 any day of the month
- Unlimited deposits and withdrawals
- Monthly statements with check images
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Additional Information for all Checking Accounts
- Free Peoples ATM / Debit card
- Free online banking
- Free 24 hours Account Information Toll Free Line (1-866-587-4378)
- Free Automatic Sweeps Balance Accounts (after setup approval)
- Overdraft Protection - available upon approval
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Interest Bearing Checking Accounts
NOW Account
The interest rate is paid on current ledger balances as follows:
| |
Interest Rate |
APY |
| $1 to $9,999 |
.25% |
.25% |
| $10,000+ |
.35% |
.35% |
- Interest will be compounded monthly and be credited to the account monthly
- $7.00 monthly maintenance fee if the account balance falls below $1,500.00 any day of the month
- You must maintain a minimum balance of $1,500.00 in the account each day to obtain the disclosed annual percentage yield
- The first ten checks and five deposits written each month are without charge, after that each ledger entry is 30 cents. With each deposit there is a 7-cent charge per non-cash item
- Monthly statements with check images
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MMDA Checking Account
The interest rate is paid on current ledger balances as follows:
| |
Interest Rate |
APY |
| 0 - 24,999 |
.39% |
.39% |
| $25,000 - $49,999 |
.50% |
.50% |
| $50,000 - $99,999 |
.62% |
.62% |
| $100,000 - $199,999 |
.89% |
.89% |
| $200,000 + |
1.00% |
1.00% |
- Interest will be compounded monthly and credited to the account monthly
- $2,500.00 minimum to open
- Maintenance fee of $4.00 per month if the ledger balance in the account falls below $5,000.00
- You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.
- You may make six withdrawals from your account per month without charge. (Only three may be third party non-cash items). There is a $5.00 charge for each transaction over six. Exceeding these limits may result in the account type being changed to comply with federal regulation
- Monthly Statement.
- Checks held in safekeeping
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Additional Information For all interest bearing accounts
- These accounts are variable rate accounts
- We use the daily balance method to calculate interest on your account.This method applies a daily rate to the principal in the account each day
- Interest begins to accrue no later than the business day that the bank receives credit for the deposit on noncash items, (for example checks)
- If you close the account before interest is credited, you will not receive the accrued interest
- The interest rate and the annual percentage yield are in effect as of June 3, 2010. Rates are subject to change without notice.
- Accounts closed within 90 days may be subject to a $20.00 processing fee.
- $10.00 annual fee for an ATM card
- $1.50 fee per transaction charged for ATM transactions at other financial institutions
- For additional fee information, see the schedule of Transaction Fees card.
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