
Business Checking
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Cash Management
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Electronic
Banking
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Business
Lending -
Rates
Peoples Bank offers many cost effective products and services to put your
company’s excess funds to work. Funds can be transferred from your
Business Checking account into investment
vehicles automatically or initiated online through
Business Internet Banking.
Business Money Market
For business owners who want to invest funds but want the funds to remain
liquid, a Business Money Market Account is the perfect solution. Our tiered
rate structure pays higher rates on larger balances and funds can be
accessed
by writing a check, scheduling automatic transfers
or making a transfer through Business Internet
Banking or Phone Banking.
Cash Management Sweep Account
A Cash Management Sweep account is the perfect complement to a Peoples Bank
Business Checking account. Maximize earnings with
an account that automatically sweeps excess cash into higher yielding
investments overnight. This service offers optimum liquidity while
maximizing your earning potential.
In addition to receiving a monthly statement of investment activity,
transactions and sweeps can be viewed from your personal computer through
Business Internet Banking. Sweeps are also
available between loan products.
Here's how it works:
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Your
account representative will determine a threshold balance by
reviewing the balance history in your Peoples Bank Business Checking
account.
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Any dollar
amount above the threshold balance at the end of nightly processing
will be automatically swept into a competitive repurchase agreement.
(Minimum transfer is $1.00)
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Funds will
then be swept back into the checking account the following day so
your money is available when you need it.
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Certificates of Deposit
A certificate of deposit offers what alternate investments can’t – a
guaranteed fixed return that is also FDIC insured. Peoples Bank offers a
wide variety of terms and rates to meet any and all of your investment
needs. Terms vary from as little as 10 days to 42 months. For complete terms
and rates, contact your local Banking Center.
View our
specials.