Business Banking
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR
TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov .
Commercial Checking
- $5.00 Monthly Service Charge
- Cost per paid check is $.15
- Cost per deposit $1.00
- Compensating balance credit of $.20 per $100.00 based on average daily balance
Passbook Savings
- $25.00 minimum balance
- Three free cashier checks per month
- Interest paid monthly
- $5.00 monthly service fee if balance falls below the average daily balance of $25.00
Certificates of Deposit
- Fixed rate of interest
- Various terms available
Peoples Federal Savings and Loan is committed to serving the needs of local businesses and organizations. As a vital member of the community, we see the importance of serving the business community, as well as organizations with their deposit needs.