Business Savings – Peoples Bank Texas

SAVINGS ACCOUNT

Interest Paid Quarterly
Minimum Balance of $100 Required
*6 Debits Allowed per Quarter
Free Online Banking
$5.00 fee if balance falls below $100.
$5.00 fee for each withdrawal over 6 in a quarter.
Fees could reduce the earnings on accounts. Rates subject to change without notice. Variable rate accounts. Rates subject to change after account is opened.

*Change in Terms / Reinstatement of Terms Notice:

Effective October 1, 2023 the fee for more than size withdrawals in a statement cycle (quarterly) will be reinstated for Savings Accounts. The fee is $5.00 for every withdrawal exceeding six in a statement cycle (quarterly). If you do not exceed six withdrawals in a quarter, you will not incur an excessive transaction fee.

MONEY MARKET ACCOUNT

Minimum Balance of $2500 Required
*6 Debits Allowed per Month
Interest varies based on account balance
Free Online Banking
$10 Minimum Balance applies Per Each Statement Cycle that Balance Falls Below $2500 or the number of debits exceeds 6 per month.

*Change in Terms / Reinstatement of Terms Notice:

Effective October 1, 2023 the fee for more than six withdrawals in a statement cycle (monthly) will be reinstated for Money Market Accounts. In-person teller transactions do not count towards this limit. The fee is $5.00 for every withdrawal exceeding six in a statement cycle (monthly). If you do not exceed six withdrawals in a Month, you will not incur an excessive transaction fee.

CERTIFICATE OF DEPOSIT

A certificate of deposit (CD) is a time deposit in which you commit a specific amount of money for a specific period of time. Peoples Bank will pay you a set interest rate. Contact any of our locations to inquiry about CD Rates.

$2,500 Minimum to Open
Terms 12 months to 4 Years
Subject to penalty upon early withdrawal