Peoples State Bank’s Business Savings requires a low minimum to open and low minimum daily balance, making it easy to start saving for future growth or an unforeseen emergency.
Contact your local branch for more information on opening an account today!
- Minimum to Open: $100
- Minimum Daily Balance: Maintain a $250 average daily balance to avoid monthly service fee
- Interest: Interest(2) paid quarterly
- Monthly Service Fee: $2 per month
- Processing Fees(4): 6 FREE withdrawals per month; $1 each additional(3)
- Online Banking: FREE
- Bill Pay(4): N/A
- Statement Options: Quarterly statement (Monthly with ACH activity); FREE eStatement
- Statement Cycle: End of the quarter
(2) We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
(3) You 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 preauthorized, automatic, online or telephone transfer.
(4)Sales 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. Click here for current interest rates and annual percentage yields based on designated balance tiers.