Current Rates

Current Rates

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

Deposit Product Rates


All Rates Effective September 25, 2017 – Rates may change at any time without notice.
Special Products and Special Rates
CD & IRA Specials
Month TermFixed Interest RateFixed APYOpening BalanceConditions
70.30%0.30%$500None
100.60%0.60%
140.90%0.90%
161.49%1.50%
26
1.34%1.35%
46
1.59%1.60%
561.98%2.00%
61-1201.98%2.00%Certificate of Deposit only, IRA not available
Step-It-Up 36 Month CD & IRA
Month TermFixed Interest RateFixed APYOpening BalanceConditions
Opening1.49%2.00%$1,00036 Month CD & IRA; Guaranteed automatic increases of 20 BP every 6 months; APY increases from 1.49% at Opening to 2.49% after 5th Bump Up; Composite APY = 2.00%
1st Bump1.69%2.00%
2nd Bump1.89%2.00%
3rd Bump2.09%2.00%
4th Bump2.29%2.00%
5th Bump2.49%2.00%
Peoples Bump-Up CD & IRA
Month TermFixed Interest RateFixed APYOpening BalanceConditions
130.15%0.15%$500Allows one rate bump-up
30
1.29%1.30%$1,000Allows one rate bump-up and one withdrawal up to 25% of balance;
$500 balance required to earn interest
401.09%1.10%
501.14%1.15%
601.24%1.25%
PeoplesChoice CD & IRA
Month TermFixed Interest RateFixed APYOpening BalanceConditions
36
1.09%1.10%$500Allows one deposit of at least $100 and one rate bump-up
Money Market Accounts
Money Market Savings Account
TierVariable Interest RateVariable APYOpening BalanceConditions
$1,000 - $9,9990.10%0.10%$500Must have a PeoplesBank checking account;
$1,000 balance required to earn interest
$10,000 - $24,9990.25%0.25%
$25,000 - $74,9990.35%0.35%
$75,000 +0.50%0.50%
Ultimate MMDA
TierVariable Interest RateVariable APYOpening BalanceConditions
< $25,0000.00%0.00%$10,000Tied to 4 Week T-Bill; $25,000 balance required to earn interest; Must have a PB checking account
$25,000 +0.96%0.96%
Municipal MMDA
TierVariable Interest RateVariable APYOpening BalanceConditions
$250,000 - $999,999
1.13%1.14%$250,000Tied to 3 month T-Bill: Tier #1 + 10BP, Tier #2 + 25BP; $250,000 balance required to earn interest
$1,000,000 +1.28%1.29%
Business MMDA
TierVariable Interest RateVariable APYOpening BalanceConditions
$500,000 - $999,999
1.13%1.14%$500,000Tied to 3 month T-Bill: Tier #1 + 10BP, Tier #2 + 25BP; $500,000 balance required to earn interest
$1,000,000 +1.28%1.29%
IRA MMDA
TierVariable Interest RateVariable APYOpening BalanceConditions
All Balances0.05%0.05%$500None
Savings Accounts
Product
Variable Interest Rate
Variable APYOpening BalanceConditions
Statement Savings
0.10%0.10%$25$100 required to avoid service charge; $25 required to earn interest
Maverick Savings0.10%0.10%$1Must be less than 18 years old
Seasons Club0.03%0.03%$5$5 balance required to earn interest; Interest credited annually
Checking Accounts
Product
Variable Interest RateVariable APYOpening BalanceConditions
Interest Checking0.01%0.01%$25$750 required to avoid service charge
PrimeTime Checking0.01%0.01%Must be > 50 years old; $300 required to avoid service charge
Interest DDA Municipal1.03%1.03%$25,000Tied to the 3 month T-Bill; $25,000 balance required to earn interest
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 September 14, 2017 – Contact us for additional rate, point and term options. Rates may change at any time without notice.
Fixed Mortgage Rates
ProgramRatePointsAnnual Percentage Rate*Principal & Interest PaymentRate Lock PeriodMaximum LTV for Purchase/RefinanceComments
30 Year Fixed4.000%0.00%4.098%$477.425095% / 90%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 Fixed3.250%0.00%3.415%$702.675095% / 90%
*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.
FHA & VA Loans
ProgramRatePointsAnnual Percentage Rate**/***Principal & Interest PaymentLock DaysMaximum LTV for Purchase/RefinanceComments
30 Year Fixed FHA3.875%0.00%4.905%$577.156096.50%FHA with purchase price $50,000, the LTV is limited to 98.75%; Median Credit Score must be above 620
30 Year Fixed VA3.875%0.00%4.091%$600.4360100.00%
*The Annual Percentage Rate and monthly payment disclosed for the FHA loan is based on a purchase price of $125,000 with a 3.5% ($4,375) down payment and a $120,625 base loan.

**The Annual Percentage Rate and monthly payment disclosed for the FHA loan is based on a purchase price of $125,000 with a 3.5% ($4,375) down payment and a $120,625 base loan. A monthly mortgage insurance premium, which is determined by the LTV and term of the loan, will apply to an FHA loan. The monthly premium is not included in the payment above. Upfront mortgage insurance is required on a FHA loan which can be financed into the loan amount.

*** The Annual Percentage Rate and monthly payment disclosed for the VA loan is based on a purchase price of $125,000 with 0% down payment and a base loan amount of $125,000. A Funding Fee is required on a VA loan which is calculated as a percentage of the loan amount. The percentage depends on the transaction type, down payment and type of service (military/reservist).
The Funding Fee can be financed into the loan amount, paid in cash or a combination of both. The Funding Fee is included in the loan amount in the example above. The payments disclosed do not include amounts for taxes and insurance premiums. The total actual payment obligation will be higher. The Maximum Loan Amount disclosed above is for a one unit primary residence. Contact us for additional Loan Amount Limits.

Both the FHA and VA program are based on a 30 years term and customary fees for a typical loan were used to calculate the Annual Percentage Rates and payments. Rates may change at any time. Your actual APR may differ. An Appraisal report, credit report and a flood certification will be required and will be ordered by PeoplesBank. Tax service, recording fees and transfer tax may apply. Homeowners insurance is required. Flood insurance may be required. Title insurance is required. Programs are subject to credit and property approval. 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 August 11, 2017 – Rates may change at any time without notice
Loan Special
Real Estate Secured Home Equity Lines of Credit
TypeMinimum LoanFloor APRPromotional APRBase APR*Auto Pay OR Direct Deposit DiscountedAuto Pay AND Direct Deposit DiscountedPromotional 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$5,0003.75%1.99%4.75%4.50%4.25%
Interest Only Line of Credit3.75%1.99%4.75%4.50%4.25%
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 4.25%.
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.
New Vehicles & Motorcycle Loans *
Length of term% Down Payment **Base RateAuto Pay OR Direct DepositAuto Pay AND Direct Deposit
APR ***Payment ****Discounted APRDiscounted Payment ****Discounted APRDiscounted Payment ****
36 months0% to 15% based on credit score3.99%$29.523.74%$29.413.49%$29.30
48 months4.24%$22.693.99%$22.573.74%$22.46
60 months4.49%$18.644.24%$18.533.99%$18.41
72 months4.74%$15.984.49%$15.874.24%$15.75
* 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 Vehicles & Motorcycle Loans *
Length of term% Down PaymentBase RateAuto Pay OR Direct DepositAuto Pay AND Direct Deposit
APR **Payment ***Discounted APRDiscounted Payment ***Discounted APRDiscounted Payment ***
'17, '16, '15, '14, '13 - 36 month term10%3.99%$29.523.74%$29.413.49%$29.30
'17, '16, '15, '14, '13 - 48 month term4.74%$22.914.49%$22.804.24%
$22.69
'17, '16, '15, '14, '13 - 60 month term4.74%$18.754.49%$18.644.24%
$18.53
'12 & '11 - 36 month term25%6.75%$30.766.50%$30.656.25%
$30.54
'12 & '11 - 48 month term7.00%$23.946.75%$23.836.50%
$23.71
'10 & older - 36 month term8.00%$31.347.75%$31.227.50%
$31.11
*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.
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 termMinimum Loan Size ***Base APRAuto Pay OR Direct DepositAuto Pay AND Direct Deposit
APR *Payment **Discounted APRDiscounted Payment **Discounted APRDiscounted Payment **
24 months$2,50011.00%
$46.6110.75%$46.4910.50%$46.38
36 months11.25%$32.8611.00%$32.7410.75%
$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.
*** Smaller loans are available, but the Annual Percentage Rate on loans less than $2,500 is 17.75%.
Unsecured Lines of Credit
TypeMinimum Credit ScoreMinimum/Maximum RangesBase APR *Auto Pay OR Direct DepositAuto Pay AND Direct Deposit
Overdraft Line of ProtectionNo specific score specified$500 - $10,00010.75%N/AN/A
Personal Line of Credit720$10,000 - $14,99910.75%10.50%
10.25%
735



$15,000 - $25,0009.75%9.50%9.25%
* 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.
* 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 changed 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 4.25%.

 

Questions? Contact Us

Open an Account