Business Account Rates

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Business Account Interest Rates

Consult the charts below to view the interest rates and balance requirements for Peoples State Bank deposit accounts.

Current as of May 1, 2019

 

Checking Account Rates

Business Interest Checking

$1,000 Minimum Opening Deposit

Daily BalanceInterest RateAnnual Percentage Yield
up to $9,999.99
$10,000.00 - $24,999.99
$25,000.00 - $49,999.99
$50,000.00 - $99,999.99
$100,000 and up
0.10%
0.10%
0.10%
0.15%
0.15%
0.10%
0.10%
0.10%
0.15%
0.15%

The interest rate and annual percentage yield may change after account opening.We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.


Savings Account Rates

Business Savings

$100 Minimum Opening Deposit

Daily BalanceInterest RateAnnual Percentage Yield
Up to $49,999.99
$50,000.00-$99,999.99
$100,000.00 and up
0.20%
0.25%
0.30%
0.20%
0.25%
0.30%

The interest rate and annual percentage yield may change after account opening. We 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.

Business Money Market

$1,000 Minimum Opening Deposit

Daily BalanceInterest RateAnnual Percentage Yield
$2,500.00 - $9,999.99
$10,000.00-$24,999.99
$25,000.00 and up
0.25%
0.30%
0.40%
0.25%
0.30%
0.40%

The interest rate and annual percentage yield may change after account opening. We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Rates are subject to change without notice. Fees can reduce earnings. Contact your local branch for more information.