Business Interest Checking

Peoples State Bank’s Business Interest Checking is an account for sole proprietorships, government entities and non-profit organizations only.

Contact your local branch for more information on opening an account today!

  • Minimum to Open: $1,000
  • Minimum Daily Balance: $1,500
  • Interest or Earnings Credit: Tiered Rate Schedule(1)
  • Monthly Service Fee(2): $7.50; Maintain $1,500 average collected balance or accept eStatement to avoid monthly service charge
  • Transaction Fees(2): $0.15 per credit; $0.05 per deposited item
  • Peoples Business ChekCard: $25 Annual Fee(3)
  • Online Banking: FREE
  • Statement Options: Monthly statement with images; FREE eStatements
  • Statement Cycle: End of the month

 

(1) We use the average daily balance method to calculate interest on your account. This method applies a daily periodic rate to the average daily balance in the account each day. 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.
(2) Sales tax applies.
(3) Peoples Business ChekCard available to qualified customers upon separate application. Annual fee assessed Sept. 1st.
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. Click here for current interest rates and annual percentage yields based on designated balance tiers.