Rates & Fees

Check out our current rates for deposit products, mortgages, and loans.

Mortgage Rates                               Consumer Loan Rates

Deposit Product Rates

---

All Rates Effective March 23, 2023 – Rates may change at any time without notice.

Special Products and Special Rates
CD & IRA Specials
Month Term	Fixed Interest Rate	Fixed APY	Opening Balance	Conditions
14	2.96%	3.00%	$500
26	3.45%	3.50%
Peoples Bump-Up CD & IRA
Month Term	Fixed Interest Rate	Fixed APY	Opening Balance	Conditions
13	1.98%	2.00%	$500	Allows one rate bump-up.
18	2.23%	2.25%
30	0.15%	0.15%	$1,000	Allows one rate bump-up and one withdrawal up to 25% of balance. $500 balance required to earn interest
40	0.20%	0.20%
50	0.20%	0.20%
60	0.30%	0.30%
PeoplesChoice CD & IRA
Month Term	Fixed Interest Rate	Fixed APY	Opening Balance	Conditions
36	0.25%	0.25%	$500	Allows one deposit of at least $100 and one rate bump-up
PeoplesPlus CD & IRA
Month Term	Fixed Interest Rate	Fixed APY	Opening Balance	Conditions
13-18	0.05%	0.05%	$500	Deposits of =>$50 allowed. One withdrawal of 25% of balance. $500 balance required to earn interest.
19-24	0.10%	0.10%

Money Market Accounts
Personal Select Money Market Savings Account
Tier	Variable Interest Rate	Variable APY	Opening Balance	Conditions
$0 – $24,999	0.40%	0.40%	$500
$25,000 – $99,999	1.25%	1.26%
$100,000 – $499,999	1.50%	1.51%
$500,000 – $999,999	1.55%	1.56%
$1,000,000 +	1.70%	1.71%
Business Select Money Market Savings Account
Tier	Variable Interest Rate	Variable APY	Opening Balance	Conditions
$0 – $24,999	0.40%	0.40%	$500
$25,000 – $99,999	1.25%	1.26%
$100,000 – $499,999	1.50%	1.51%
$500,000 – $999,999	1.55%	1.56%
$1,000,000 +	1.70%	1.71%
IRA MMDA
Product	Variable Interest Rate	Variable APY	Opening Balance	Conditions
All balances	0.01%	0.01%	$500	None

Savings Accounts
Product	Variable Interest Rate	Variable APY	Opening Balance	Conditions
Statement Savings	0.03%	0.03%	$25	$100 required to avoid service charge; $25 required to earn interest
Seasons Club	0.03%	0.03%	$5	$5 balance required to earn interest; Interest credited annually

Checking Accounts
Product	Variable Interest Rate	Variable APY	Opening Balance	Conditions
Interest Checking	0.01%	0.01%	$25	$750 required to avoid service charge
PrimeTime Checking	0.01%	0.01%		Must be > 50 years old; $300 required to avoid service charge

All CDs and IRAs, unless otherwise noted, must maintain their opening balance to obtain the stated interest rate and APY.
All interest is compounded and credited monthly with the exception of Statement Savings which is compounded and credited quarterly and Seasons Club which is credited annually.
Must have a balance greater than $5,000 for interest to be paid by check for CD & IRA. Interest will not be compounded if mailed or transferred to another account.
Rates and annual percentage yields (APYs) on variable rate accounts may change after account opening.
Fees assessed to accounts may reduce the earnings indicated.
Early withdrawal penalties may apply to all Certificates of Deposit & Individual Retirement Account products.

Mortgage Rates

---

All Rates Effective March 3, 2023– Contact us for additional rate, point and term options. Rates may change at any time without notice.

Fixed Rates – Purchase
Program	Rate	Points	Annual Percentage Rate*	Principal & Interest Payment	Rate Lock Period	Maximum LTV for Purchase	Comments
30 Year Fixed	6.750%	0.00%	6.849%	$648.60	50	95%	Rates are for credit scores 740 and above. Call us for rates on scores 739 and below. Waiver of Escrow +.25 adj Risk Based Pricing applies and there may be adjustments to your rate related to loan amount, loan-to-value, credit score and other variables.
15 Year Fixed	6.625%	0.00%	6.787%	$877.99	50	95%
*The Annual Percentage Rates and monthly payments disclosed above are based on a purchase price of $125,000 with a 20% down payment ($25,000) and a $100,000 loan. Your actual APR may differ. The payments disclosed do not include amounts for taxes and insurance premiums. The total actual payment obligation will be higher. The applicable term of 30 years or 15 years and customary fees for a typical loan were used to calculate Annual Percentage Rates and payments. Rates may change at any time. Appraisal report, credit report and flood certification fees will be required and will be ordered by PeoplesBank. Tax Service, Recording Fee and Transfer Tax may apply. Homeowners insurance is required. Flood insurance may be required. Title insurance is required. Private mortgage insurance is required for loans with a Loan to Value (LTV) greater than 80%. Mortgages are subject to credit and property approval. Other terms and conditions may apply. Consult a tax advisor regarding the deductibility of interest.
Fixed Rates – Refinance
Program	Rate	Points	Annual Percentage Rate*	Principal & Interest Payment	Rate Lock Period	Maximum LTV for Refinance	Comments
30 Year Fixed	6.875%	0.00%	6.975%	$656.93	50	95%	Rates are for credit scores 740 and above. Call us for rates on scores 739 and below. Waiver of Escrow +.25 adj Risk Based Pricing applies and there may be adjustments to your rate related to loan amount, loan-to-value, credit score and other variables.
15 Year Fixed	6.750%	0.00%	6.913%	$884.91	50	95%
*The Annual Percentage Rates and monthly payments disclosed above are based on a loan amount of $100,000 with  20% equity in the property. Your actual APR may differ. The payments disclosed do not include amounts for taxes and insurance premiums. The total actual payment obligation will be higher. The applicable term of 30 years or 15 years and customary fees for a typical loan were used to calculate Annual Percentage Rates and payments. Rates may change at any time. Appraisal report, credit report and flood certification fees will be required and will be ordered by PeoplesBank. Tax Service, Recording Fee and Transfer Tax may apply. Homeowners insurance is required. Flood insurance may be required. Title insurance is required. Private mortgage insurance is required for loans with a Loan to Value (LTV) greater than 80%. Mortgages are subject to credit and property approval. Other terms and conditions may apply. Consult a tax advisor regarding the deductibility of interest.
Fixed Rates – Jumbo
Program	Rate	Points	Annual Percentage Rate*	Principal & Interest Payment	Rate Lock Period	Maximum LTV for Purchase/Refinance	Comments
30 Year Fixed Jumbo	6.750%	0.50%	6.766%	$3,891.59	50	90%	Rates are for credit scores 720 and above. Call us for rates on scores 719 and below. Risk Based Pricing applies and there may be adjustments to your rate for lower credit scores or higher LTV.
15 Year Fixed Jumbo	6.625%	0.50%	6.652%	$5,267.96	50	90%
*The Annual Percentage Rates and monthly payments disclosed above are based on a purchase price of $750,000 with a 20% down payment ($150,000) and a $600,000 loan. The payments disclosed do not include amounts for taxes and insurance premiums. The total actual payment obligation will be higher. The applicable term of 30 years or 15 years and customary fees for a typical loan were used to calculate Annual Percentage Rates and payments. Rates may change at any time. Appraisal report, credit report and flood certification fees will be required and will be ordered by PeoplesBank. Tax Service, Recording Fee and Transfer Tax may apply. Homeowners insurance is required. Flood insurance may be required. Title insurance is required. Other terms and conditions may apply. Consult a tax advisor regarding the deductibility of interest.
PeoplesBank lends in Pennsylvania and Maryland. Please call 888-846-1970 ext. 556 or stop by your local PeoplesBank Office for additional information

Consumer Loan Rates

---

All Rates Effective March 10, 2023– Rates may change at any time without notice.

Loan Special
Real Estate Secured Home Equity Lines of Credit
Type	Minimum Loan	Floor APR	Promotional APR	Base APR*	Auto Pay OR Direct Deposit Discounted	Auto Pay AND Direct Deposit Discounted	Promotional APR in effect for 12 months; reverts to Base APR at termination of promotional period; discounts for Auto Pay and Direct Deposit will be available after promotional period ends and are not reflected in the Base APR shown
Line of Credit	$5,000	3.25%	4.49%	8.25%	8.00%	7.75%
Interest Only Line of Credit		3.25%	4.49%	8.25%	8.00%	7.75%
The standard principal and Interest Home Equity Line of Credit product provides the consumer with an option of locking portions of the balance at the real estate secured installment loan rates prevalent at the time. This feature is not available on the Interest Only Home Equity Line of Credit. The Interest Only Home Equity Line of Credit has a 10 year draw and a 15 year payback period. * The base Annual Percentage Rate (APR) for both the Regular Principal & Interest Home Equity Line of Credit and the Interest Only Home Equity Line of Credit equals the Wall Street Journal Prime plus 50 Basis Points. A higher APR may be applied for loans with higher loan to value ratios. The current Wall Street Journal Rate Prime Rate is 7.75%. The Floor Rate is not based on the WSJ Prime Rate. The advertised Floor Rate may change at any time. The interest rate is variable and it may change at any time. Discounts for auto-payment and direct deposit may change or be withdrawn at any time. Maximum APR is 18%. The APR can increase if auto-payments from and/or direct deposits into a PeoplesBank account cease. Certain closing costs may be paid on your behalf by the bank, depending on the state in which the property is located. If the loan is paid off within three years of opening, the bank will add any third-party closing costs paid on your behalf to the outstanding balance. Property insurance is required. Flood insurance may be required. Title insurance may be required for loans $250,000 or greater. Other terms and conditions may apply. Consult a tax advisor regarding the deductibility of interest. For Pennsylvania Borrowers: A recording fee or recordation tax and lien search fee will be assessed and the amount will vary based on the property location ($100-$300). For Maryland Borrowers: PeoplesBank will pay closing costs for loan amounts up to $250,000, excluding the cost of transfer taxes, property, flood and title insurances, and attorney fees ($500-$1,000).
New Vehicle Loans *
Length of term	% Down Payment **	Standard Rate		Auto Pay OR Direct Deposit		Auto Pay AND Direct Deposit
		APR ***	Payment ****	Discounted APR	Discounted Payment ****	Discounted APR	Discounted Payment ****
36 months	0% to 15% based on credit score	5.49%	$30.19	5.24%	$30.08	4.99%	$29.97
48 months		5.49%	$23.25	5.24%	$23.14	4.99%	$23.02
60 months		5.49%	$19.10	5.24%	$18.98	4.99%	$18.87
72 months		5.49%	$16.33	5.24%	$16.22	4.99%	$16.10
* Requires Certificate of Origin. ** No down-payment required for credit scores greater than or equal to 656; 15% down-payment required for credit scores less than 656. *** The APR can increase if auto-payments and/or direct deposit into a PeoplesBank account ceases. Discounts for auto-payment and direct deposit may change or be withdrawn at any time. **** The monthly payments disclosed above are based on a $1,000 loan. To calculate your payment, divide your loan amount by 1,000 and then multiply that value by the base payment or discounted payment above. 72 month terms only available for loans greater than or equal to $25,000. 7 month term minimum for all vehicle loans.
Used Vehicle Purchase or Refinance Loans *
Length of term	% Down Payment	Standard Rate		Auto Pay OR Direct Deposit		Auto Pay AND Direct Deposit
		APR **	Payment ***	Discounted APR	Discounted Payment ***	Discounted APR	Discounted Payment ***
’23, ’22, ’21, ’20, ’19, – 36 month term	10%	5.49%	$30.19	5.24%	$30.08	4.99%	$29.97
’23, ’22, ’21, ’20, ’19,- 48 month term		5.49%	$23.25	5.24%	$23.14	4.99%	$23.02
’23, ’22, ’21, ’20, ’19, – 60 month term		5.49%	$19.10	5.24%	$18.98	4.99%	$18.87
’23, ’22,’21, ’20, ’19, – 72 month term		5.49%	$16.33	5.24%	$16.22	4.99%	$16.10
’18, ’17,- 36 month term	25%	6.49%	$30.64	6.24%	$30.53	5.99%	$30.42
’18, ’17, – 48 month term		6.49%	$23.71	6.24%	$23.60	5.99%	$23.48
’16, ’15,’14, ’13, – 36 month term		7.49%	$31.10	7.24%	$30.99	6.99%	$30.87
*Used rates apply to vehicles/motorcycles using titles rather than a certificate of origin, regardless of age. ** The APR can increase if auto-payments and/or direct deposit into a PeoplesBank account ceases. Discounts for auto-payment and direct deposit may change or be withdrawn at any time. A higher APR may be applied for loans with higher loan to value ratios. *** The monthly payments disclosed above are based on a $1,000 loan. To calculate your payment, divide your loan amount by 1,000 and then multiply that value by the base payment or discounted payment above. 72 month terms only available for loans greater than or equal to $25,000.  7 month term minimum for all vehicle loans. Maximum value based on 3rd party valuation or purchase price, whichever is lower.
Unsecured Installment Loans
Length of term	Minimum Loan Size ***	Base APR		Auto Pay OR Direct Deposit		Auto Pay AND Direct Deposit
		APR *	Payment **	Discounted APR	Discounted Payment **	Discounted APR	Discounted Payment **
24 months	$1,000 – $2,499	17.75%	$49.80	17.50%	$49.68	17.25%	$49.56
24 months	$2,500 – $10,000	11.00%	$46.61	10.75%	$46.49	10.50%	$46.38
36 months		11.25%	$32.86	11.00%	$32.74	10.75%	$32.62
* The APR can increase if auto-payments and/or direct deposit into a PeoplesBank account ceases. Discounts for auto-payment and direct deposit may change or be withdrawn at any time. ** The monthly payments disclosed above are based on a $1,000 loan and the longest term within the category. To calculate your payment, divide your loan amount by 1,000 and then multiply that value by the base payment or discounted payment above. *** Loans of more than $5,000 require a minimum credit score of 725.
Unsecured Lines of Credit
Type	Minimum Credit Score	Minimum/Maximum Ranges	Base APR *	Auto Pay OR Direct Deposit		Auto Pay AND Direct Deposit
Overdraft Line of Protection	No specific score specified	$500 – $10,000	14.25%	N/A		N/A
Personal Line of Credit*	725	$5,000 – $10,000	14.25%	14.00%		13.75%
* The base Annual Percentage Rate (APR) for both the Overdraft Line of Protection and the Personal Lines of Credit are based on the Wall Street Journal Prime Rate. The Overdraft Line of Protection’s base Annual Percentage Rate (APR) is a variable rate of Prime plus 650 basis points. The base Annual Percentage Rate (APR) on the Personal Lines of Credit are variable rates of Prime plus 550 or 650 basis points depending on the size of the line. * Approved Personal Credit Lines require a $100 document preparation fee. * The APR can increase if auto-payments and/or direct deposit into a PeoplesBank account ceases. Discounts for auto-payment and direct deposit are not available on an Overdraft Line of Protection, but may change or be withdrawn at any time on a Personal Line of Credit Maximum APR is 18%. The current Wall Street Journal Rate Prime Rate is 7.75%.

Mortgage Rates

A mortgage rate is the interest rate that’s charged on the mortgage loan. This charge represents a percentage of your loan’s total balance and can have either a fixed rate or an adjustable-rate.

With a fixed mortgage rate, the amount in interest you pay will remain the same throughout the entire course of your loan. If you choose an adjustable-rate loan, the rate has the potential to go up or down as the market interest rates change.

When a lender calculates your mortgage rate, personal finances and economic conditions play a role in what the final amount of the loan ends up being. However, mortgage rates are not cut and dry. The employment rate, gross domestic product (GDP) and other economic growth indicators can significantly impact mortgage rates. Greater consumer spending and higher wages follow economic growth, inspiring more consumers to seek mortgage loans for home purchases.

The increase in demand for mortgages can cause rates to soar since lenders only have so much capital when it comes to lending.

Why Take out a Mortgage?

Advantages of a mortgage include:

• Makes homeownership more affordable: Because you can spread the repayments on your home loan over a more extended period, the amount you’ll pay back can be more affordable and manageable.
• A cost-effective way of borrowing: A mortgage is a loan secured against your property. For this reason, its interest rates tend to be lower than other forms of borrowing.

CD Rates

A certificate of deposit (CD) rate is a savings account in which you agree not to make any withdrawals for a predetermined amount of time. At the end of this period, you get your money back plus whatever was earned in interest.

A time-bound deposit, a traditional CD allows you to earn interest on your down payment by agreeing to let the lender use that money for a set period. The bank grants you a higher interest rate than they would if you had a standard savings account.

When you first open a CD, you can choose the amount of time you want to give your money to the bank. Common term lengths include three, four, five and six years and six, 12, 18, 24 and 30 months. CD rates can fluctuate based on current interest rates — if current interest rates are high or rising, CD rates will follow suit.

Benefits of Taking out a CD

The benefits of taking out a certificate of deposit include flexible maturity dates, low-to-no fees, safety and invaluable peace of mind when it comes to your money.

Reasons to open a CD may include:

• You don’t need the money immediately.
• You want to earn more interest than a regular savings account will pay.
• You expect to need your money within the next seven years.

Learn More About Rates at PeoplesBank

Whether you live in York, Lancaster or other cities throughout Maryland and Pennsylvania, PeoplesBank can help you determine if a CD or mortgage is right for your home or business. We are committed to building a lifelong relationship with you — something we’ve been perfecting since 1864.

Our team can talk through the Annual Percentage Rate (APR) and Annual Percentage Yield (APY) for each option. While the APR represents a yearly rate charged for borrowing, the APY measures the interest you earn when you save.

We invite you to fill out our online pre-qualification form to see our mortgage rates or learn more about our CD options today.