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Business Savings Accounts

Home Business & Ag Savings Accounts

Start Saving Today for Your Business or Farm

Peoples State Bank offers two great savings account options for our customers, which allows you to save the way you want, as much as you want. Choose between our Business Savings Account or our Business Money Market Account to decide which account will work best for you while allowing you to access your money when you need it.


Business Savings and Money Market Accounts

 

Business Savings

Business Money Market

Minimum to open$100$1,000
Minimum daily balanceMaintain a $250 average daily balance to avoid the monthly service feeMaintain a $2,500 average daily balance to avoid the monthly service fee
Interest

Interest paid quarterly1

Interest2 paid monthly; tiered rate schedule
Monthly service fee3$2 per month$7.50 per month
Processing fees36 FREE withdrawals per month; $1 for each additional withdrawals6 FREE withdrawals per month; $1 for each additional withdrawals
Online BankingFREEFREE
Bill Pay4n/a$3.95 per month; FREE with 1 or more Bill Pay transactions per month
Statement options

Quarterly statement (monthly with ACH or ATM activity)

FREE eStatements

Monthly statement with images

FREE eStatements

Statement cycleEnd of the quarterEnd of the month

1We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

2We use the average daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the average daily balance in the account for the period

3You may make no more than six (6) transfers and/or withdrawals during any one (1) calendar month or statement cycle to another of your accounts with us or to a third party by a preauthorized, automatic, online or phone transfer.

4Sales tax may apply.

Interest rates are subject to change at the bank's discretion at any time. The annual percentage yield may vary due to the interest rate changes and fees. Please ask a bank representative for current interest rates and annual percentage yields based on designated balance tiers.


Open a Business Savings Account

Talk with a member of our business banking team if you'd like to open a business savings account by stopping in to your local Peoples State Bank office.