Online Account Disclosures

Truth in Savings Disclosure

10 Month Certificate of Deposit

INTEREST RATE: 1.29%
APY: 1.30%
MINIMUM BALANCE TO OPEN ACCOUNT: $500.00
EARLY WITHDRAW PENALTY: 3 MONTH PENALTY LOSS OF INTEREST
MATURITY DATE: 09/21/2020

NOTE: IN THESE DOCUMENTS, ANNUAL PERCENTAGE YIELD IS ABBREVIATED AS “APY”

FIXED RATE INFORMATION
The interest rate and annual percentage yield will not change for the term of the account.  The interest rate will be in effect for the full term.

COMPOUNDING AND CREDITING
Interest will be compounded and credited to your account monthly.  The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings.  Accountholders with a minimum deposit of $5,000.00 or more may elect to receive their interest in a monthly, quarterly, semi-annual or annual check; however, interest will not be compounded.

MINIMUM BALANCE REQUIREMENTS
A minimum deposit of $500.00 is required to open this account and obtain the disclosed annual percentage yield.

BALANCE COMPUTATION METHOD
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL AND NONCASH DEPOSITS
Interest begins to accrue on the business day you deposit noncash items (for example: checks).

TIME DEPOSIT WITHDRAWAL LIMITATIONS
You may not make principal withdrawals from your account until the maturity date.

EARLY WITHDRAWAL PENALTIES
If you withdraw any of the principal before the maturity date we may impose a penalty of three (3) month’s interest on any principal that is withdrawn prior to maturity.  We will use the rate in effect at the time of the withdrawal.  The penalty may result in a loss of principal.

RENEWAL POLICY
This account will automatically renew into the standard 12 month certificate of deposit.  You have ten (10) calendar days after the maturity date to deposit or withdraw funds without penalty.

RENEWAL TERMS
Each renewal term will be twelve (12) months unless a change is disclosed to you at least thirty (30) days prior to the maturity date.

ADDITIONS TO ACCOUNTS
You may not make additional deposits to this account.

FEES AND CHARGES
This account has no monthly service charges or fees.

ADDITIONAL DISCLOSURE INFORMATION
You must have a PeoplesBank checking account, opened in your name, in order to qualify for this special certificate of deposit offering.

We reserve the right at any time to require not less than seven (7) day notice in writing before any withdrawal is made from an interest bearing account.

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12 Month Certificate of Deposit

INTEREST RATE: 0.50%
APY: 0.50%
MINIMUM BALANCE TO OPEN ACCOUNT: $100.00
EARLY WITHDRAW PENALTY: 3 MONTH PENALTY LOSS OF INTEREST
MATURITY DATE:  11/21/2020

NOTE: IN THESE DOCUMENTS, ANNUAL PERCENTAGE YIELD IS ABBREVIATED AS “APY”

FIXED RATE INFORMATION
The interest rate and annual percentage yield will not change for the term of the account.  The interest rate will be in effect for the full term.

COMPOUNDING AND CREDITING
Interest will be compounded and credited to your account monthly.  The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings.  Accountholders with a minimum deposit of $5,000.00 or more may elect to receive their interest in a monthly, quarterly, semi-annual or annual check; however, interest will not be compounded.

MINIMUM BALANCE REQUIREMENTS
A minimum deposit of $100.00 is required to open this account and obtain the disclosed annual percentage yield.

BALANCE COMPUTATION METHOD
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL AND NONCASH DEPOSITS
Interest begins to accrue on the business day you deposit noncash items (for example: checks).

TIME DEPOSIT AND WITHDRAWAL LIMITATIONS
You may not make principal withdrawals from your account until the maturity date.

EARLY WITHDRAWAL PENALTIES
If you withdraw any of the principal before the maturity date we may impose a penalty of three (3) months interest on any principal that is withdrawn prior to maturity.  We will use the rate in effect at the time of the withdrawal.  The penalty may result in a loss of principal.

RENEWAL POLICY
This account will automatically renew.  You have ten (10) calendar days after the maturity date to deposit or withdraw funds without penalty.

RENEWAL TERMS
Each renewal term will be the same as the original term unless a change is disclosed to you at least thirty (30) days prior to the maturity date.

ADDITIONS TO ACCOUNT
You may not make additional deposits to this account.

FEES AND CHARGES
This account has no monthly service charges or fees.

ADDITIONAL DISCLOSURE INFORMATION
We reserve the right at any time to require not less than seven (7) day notice in writing before any withdrawal is made from an interest bearing account.

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16 Month Certificate of Deposit

INTEREST RATE: 2.18%
APY: 2.20%
MINIMUM BALANCE TO OPEN ACCOUNT: $500.00
EARLY WITHDRAW PENALTY: 6 MONTH PENALTY LOSS OF INTEREST
MATURITY DATE:  03/21/2021

NOTE: IN THESE DOCUMENTS, ANNUAL PERCENTAGE YIELD IS ABBREVIATED AS “APY”

Fixed Rate Information
The interest rate and annual percentage yield will not change for the term of the account.  The interest rate will be in effect for the full term.

Compounding and Crediting
Interest will be compounded and credited to your account monthly.  The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings.  Accountholders with a minimum deposit of $5,000.00 or more may elect to receive their interest in a monthly, quarterly, semi-annual or annual check; however, interest will not be compounded.

Minimum Balance Requirements
A minimum deposit of $500.00 is required to open this account and obtain the disclosed annual percentage yield.

Balance Computation Method
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day.

Accrual and Noncash Deposits
Interest begins to accrue on the business day you deposit noncash items (for example: checks).

Time Deposit Withdrawal Limitations
You may not make principal withdrawals from your account until the maturity date.

Early Withdrawal Penalties
If you withdraw any of the principal before the maturity date we may impose a penalty of six (6) months interest on any principal that is withdrawn prior to maturity.  We will use the rate in effect at the time of the withdrawal.  The penalty may result in a loss of principal.

Renewal Policy
This account will automatically renew into the standard 18 month certificate of deposit.  You have ten (10) calendar days after the maturity date to deposit or withdraw funds without penalty.

Renewal Terms
Each renewal term will be eighteen (18) months unless a change is disclosed to you at least thirty (30) days prior to the maturity date.

Additions to Account
You may not make additional deposits to this account.

Fees and Charges
This account has no monthly service charges or fees.

Additional Disclosure Information
You must have a PeoplesBank checking account, opened in your name, to qualify for this special certificate of deposit offering.

We reserve the right at any time to require not less than seven (7) day notice in writing before any withdrawal is made from an interest bearing account.

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18 Month Bump-Up Certificate of Deposit

INTEREST RATE: 1.98%
APY: 2.00%
MINIMUM BALANCE TO OPEN ACCOUNT:  $500.00
EARLY WITHDRAW PENALTY: 6 MONTH PENALTY LOSS OF INTEREST
MATURITY DATE: 05/21/2021

NOTE: IN THESE DOCUMENTS, ANNUAL PERCENTAGE YIELD IS ABBREVIATED AS “APY”

VARIABLE RATE INFORMATION
The interest rate and annual percentage yield may change.

DETERMINATION OF RATE
When the accountholder elects to exercise the bump feature of this product, the interest rate for the account may change to the current interest rate of the standard 18 month certificate of deposit offered at the time the bump feature is exercised.

FREQUENCY OF RATE CHANGE
At your discretion, you may change the interest rate on this account once during the term.

LIMITATIONS OF RATE CHANGE
The interest rate in effect on the date of the adjustment on the certificate will be the interest rate in effect for the remainder of the term of the certificate of deposit.  The interest rate adjustment may only be made up to seven (7) calendar days prior to the maturity date.

COMPOUNDING AND CREDITING
Interest will be compounded and credited to your account monthly.  The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings.  Accountholders with a minimum deposit of $5,000.00 or more may elect to receive their interest in a monthly, quarterly, semi-annual or annual check; however, interest will not be compounded.

MINIMUM BALANCE REQUIREMENTS
A minimum deposit of $500.00 is required to open this account and obtain the disclosed annual percentage yield.

BALANCE COMPUTATION METHOD
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL AND NONCASH DEPOSITS
Interest begins to accrue on the business day you deposit noncash items (for example: checks).

TIME DEPOSIT WITHDRAWAL LIMITATIONS
You may not make principal withdrawals from your account until the maturity date.

EARLY WITHDRAWAL PENALTIES
If you withdraw any of the principal before the maturity date we may impose a penalty of six (6) months interest on any principal that is withdrawn prior to maturity.  We will use the rate in effect at the time of the withdrawal.  This penalty does not apply to the one-time permitted withdrawal described under “Time Deposit Withdrawal Limitations”.  The penalty may result in a loss of principal.

RENEWAL POLICY
This account will automatically renew into the standard 18 month certificate of deposit. You have ten (10) calendar days after the maturity date to deposit or withdraw funds without penalty.

ADDITIONS TO ACCOUNT
You may not make additional deposits to this account.

FEES AND CHARGES
This account has no monthly service charges or fees.

ADDITIONAL DISCLOSURE INFORMATION
We reserve the right at any time to require not less than seven (7) day notice in writing before any withdrawal is made from an interest bearing account.

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30 Month Bump-Up Certificate of Deposit

INTEREST RATE: 2.18%
APY: 2.20%
MINIMUM BALANCE TO OPEN ACCOUNT:  $1,000.00
EARLY WITHDRAW PENALTY: 6 MONTH PENALTY LOSS OF INTEREST
MATURITY DATE: 05/21/2022

NOTE: IN THESE DOCUMENTS, ANNUAL PERCENTAGE YIELD IS ABBREVIATED AS “APY”

VARIABLE RATE INFORMATION
The interest rate and annual percentage yield may change.

DETERMINATION OF RATE
When the accountholder elects to exercise the bump feature of this product, the interest rate for the account may change to the current interest rate of the standard 30 month certificate of deposit offered at the time the bump feature is exercised.

FREQUENCY OF RATE CHANGE
At your discretion, you may change the interest rate on this account once during the term.

LIMITATIONS OF RATE CHANGE
The interest rate in effect on the date of the adjustment on the certificate will be the interest rate in effect for the remainder of the term of the certificate of deposit.  The interest rate adjustment may only be made up to seven (7) calendar days prior to the maturity date.

COMPOUNDING AND CREDITING
Interest will be compounded and credited to your account monthly.  The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings.  Accountholders with a minimum deposit of $5,000.00 or more may elect to receive their interest in a monthly, quarterly, semi-annual or annual check; however, interest will not be compounded.

MINIMUM BALANCE REQUIREMENTS
A minimum deposit of $1,000.00 is required to open this account and obtain the disclosed annual percentage yield.

BALANCE COMPUTATION METHOD
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL AND NONCASH DEPOSITS
Interest begins to accrue on the business day you deposit noncash items (for example: checks).

TIME DEPOSIT WITHDRAWAL LIMITATIONS
A one-time withdrawal of up to twenty-five percent (25%) of the current balance may be made seven (7) or more calendar days prior to the account’s maturity without penalty.  You must maintain a minimum balance of $500.00 after the withdrawal.

EARLY WITHDRAWAL PENALTIES
If you withdraw any of the principal before the maturity date we may impose a penalty of six (6) months interest on any principal that is withdrawn prior to maturity.  We will use the rate in effect at the time of the withdrawal.  This penalty does not apply to the one-time permitted withdrawal described under “Time Deposit Withdrawal Limitations”.  The penalty may result in a loss of principal.

RENEWAL POLICY
This account will automatically renew.  You have ten (10) calendar days after the maturity date to deposit or withdraw funds without penalty.

RENEWAL TERMS
Each renewal term will be the same as the original term unless a change is disclosed to you at least thirty (30) days prior to the maturity date.

ADDITIONS TO ACCOUNT
You may not make additional deposits to this account.

FEES AND CHARGES
This account has no monthly service charges or fees.

ADDITIONAL DISCLOSURE INFORMATION
We reserve the right at any time to require not less than seven (7) day notice in writing before any withdrawal is made from an interest bearing account.

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36 Month Step-It-Up Certificate of Deposit

Minimum Balance to Open Account: $1,000.00

BalanceInterest Rate
First 6 Months 1.78%
Next 6 Months 1.98%
Next 6 Months 2.18%
Next 6 Months 2.38%
Next 6 Months 2.58%
Next 6 Months 2.78%

APY: 2.30%
MINIMUM BALANCE TO OPEN ACCOUNT:  $1,000.00
EARLY WITHDRAW PENALTY: 12 MONTH PENALTY LOSS OF INTEREST
MATURITY DATE: 11/21/2022

NOTE: IN THESE DOCUMENTS, ANNUAL PERCENTAGE YIELD IS ABBREVIATED AS “APY”

VARIABLE RATE INFORMATION
The interest rate on your certificate of deposit will automatically increase .20% every six (6) months.

FREQUENCY RATE OF CHANGE
The interest rate on this account will increase .20% every six (6) months.

COMPOUNDING AND CREDITING
Interest will be compounded and credited to your account monthly.  The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings.  Accountholders with a minimum deposit of $5,000.00 or more may elect to receive their interest in a monthly, quarterly, semi-annual or annual check; however, interest will not be compounded.

MINIMUM BALANCE REQUIREMENTS
A minimum deposit of $1,000.00 is required to open this account and obtain the disclosed annual percentage yield.

BALANCE COMPUTATION METHOD
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL AND NONCASH DEPOSITS
Interest begins to accrue on the business day you deposit noncash items (for example: checks).

TIME DEPOSIT WITHDRAWAL LIMITATIONS
You may not make principal withdrawals from your account until the maturity date.

EARLY WITHDRAWAL PENALTIES
If you withdraw any of the principal before the maturity date we may impose a penalty of twelve (12) months interest on any principal that is withdrawn prior to maturity.  We will use the rate in effect at the time of the withdrawal.  The penalty may result in a loss of principal.

RENEWAL POLICY
This account will automatically renew into a standard 35 month certificate of deposit.  You have ten (10) calendar days after the maturity date to deposit or withdraw funds without penalty.

RENEWAL TERMS
Each renewal term will be the same as the original term unless a change is disclosed to you at least thirty (30) days prior to the maturity date.

ADDITIONS TO ACCOUNT
You may not make additional deposits to this account.

FEES AND CHARGES
This account has no monthly service charges or fees.

ADDITIONAL DISCLOSURE INFORMATION
We reserve the right at any time to require not less than seven (7) day notice in writing before any withdrawal is made from an interest bearing account.

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61 Month Certificate of Deposit

INTEREST RATE: 2.23% 
APY:  2.25%
MINIMUM BALANCE TO OPEN ACCOUNT:  $500.00
EARLY WITHDRAW PENALTY: 12 MONTH PENALTY LOSS OF INTEREST
MATURITY DATE:  12/21/2024

NOTE: IN THESE DOCUMENTS, ANNUAL PERCENTAGE YIELD IS ABBREVIATED AS “APY”

FIXED RATE INFORMATION
The interest rate and annual percentage yield will not change for the term of the account.  The interest rate will be in effect for the full term.

COMPOUNDING AND CREDITING
Interest will be compounded and credited to your account monthly.  The annual percentage yield assumes interest will remain on deposit until maturity.  A withdrawal will reduce earnings.  Accountholders with a minimum deposit of $5,000.00 or more may elect to receive their interest in a monthly, quarterly, semi-annual or annual check; however, interest will not be compounded.

MINIMUM BALANCE REQUIREMENTS
A minimum deposit of $500.00 is required to open this account and obtain the disclosed annual percentage yield.

BALANCE COMPUTATION METHOD
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL AND NONCASH DEPOSITS
Interest begins to accrue on the business day you deposit noncash items (for example: checks).

TIME DEPOSIT WITHDRAWAL LIMITATIONS
You may not make principal withdrawals from your account until the maturity date.

EARLY WITHDRAWAL PENALTIES
If you withdraw any of the principal before the maturity date we may impose a penalty of twelve (12) months interest on any principal that is withdrawn prior to maturity.  We will use the rate in effect at the time of the withdrawal.  The penalty may result in a loss of principal.

RENEWAL POLICY
This account will automatically renew into the standard 60 month certificate of deposit.  You have ten (10) calendar days after the maturity date to deposit or withdraw funds without penalty.

RENEWAL TERMS
Each renewal term will be sixty (60) months unless a change is disclosed to you at least thirty (30) days prior to the maturity date.  If you withdraw any of the principal before the maturity date on the renewed certificate of deposit, we may impose a penalty of six (6) interest on any principal that is withdrawn prior to maturity.

ADDITIONS TO ACCOUNT
You may not make additional deposits to this account.

FEES AND CHARGES
This account has no monthly service charges or fees.

ADDITIONAL DISCLOSURE INFORMATION
We reserve the right at any time to require not less than seven (7) day notice in writing before any withdrawal is made from an interest bearing account.

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Statement Savings Account

Date: 11/21/2019
Account Type: Statement Savings Account

Tiers: Current Interest Rate Current Annual Percentage Yield
$.01 - $24.99 0.10% 0.10%
$25.00 + 0.10% 0.10%

*VARIABLE RATE INFORMATION*
The interest rate and annual percentage yield may change.

*DETERMINATION OF RATE*
At our discretion we may change the interest rate on your account.

*FREQUENCY OF RATE CHANGE*
We may change the interest rate on your account at any time.

*COMPOUNDING AND CREDITING*
Interest will be compounded and credited to this account quarterly.

*MINIMUM BALANCE REQUIREMENTS*

  • A minimum deposit of $25.00 is required to open this account.
  • A minimum daily balance of $100.00 is required to avoid a monthly service charge.
  • A minimum collected balance of $25.00 is required to obtain the disclosed annual percentage yield.

*BALANCE COMPUTATION METHOD*
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day that the required minimum balance is maintained.

*ACCURAL AND NONCASH DEPOSIT*
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example: checks).

*ADDITIONS TO ACCOUNT*
There are no deposit limitations on this account.

*TRANSACTIONS LIMITATIONS*

  • Withdrawals on statement savings accounts must be made in person at any PeoplesBank financial center location.  If your statement savings account is combined with a PeoplesBank checking or money market account, you may elect any of the following services as additional options to making withdrawals on your account:
    • On-line banking
    • Debit card for ATM access
    • Preauthorized debits
  • Preauthorized transfers from this account are limited to six (6) per month, for a total of eighteen (18) per statement cycle.  If you continue to make transactions in excess of these limitations, we may be forced to transfer your funds to a checking account.  Preauthorized transfers by definition include:
    • Transfers between PeoplesBank accounts
    • Telephone and internet transfers between PeoplesBank accounts and to third parties
    • Preauthorized transfers of any kind to a third party

*FEES AND CHARGES*

  • A monthly service charge of $3.00 will be imposed if the balance in the account falls below $100.00 any day of the month.
  • An excessive transaction fee of $5.00 will be charged for each transaction exceeding six (6) per month or a total of eighteen (18) per statement cycle.  The transaction limitation includes any combination of the following:
    • Preauthorized transfers between PeoplesBank accounts
    • Telephone and internet transfers between PeoplesBank accounts and to third parties
    • Preauthorized transfers of any kind to a third party

*ADDITIONAL DISCLOSURE INFORMATION*

  • We reserve the right at any time to require not less than seven (7) days’ notice in writing before any withdrawal is made from an interest bearing account.
  • Each day’s transactions are deducted from this account in the following order.  We reserve the right to change this order upon proper notice to you:
    • First: VISA check card ATM transactions
    • Second: Preauthorized electronic debits (ACH)
    • Third: Withdrawals
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Direct Deposit Checking Account

Date: 11/21/2019
Account Type:  Direct Deposit Checking

*INTEREST*
This product does not earn interest

*MINIMUM BALANCE REQUIREMENTS*
A minimum deposit of $25.00 is required to open this account. There is no minimum required balance, but a deposit made by an Electronic Funds Transfer Service must be made at least once every sixty (60) days…

*ADDITIONS TO ACCOUNT*
There are no deposit limitations on this account.

*TRANSACTION LIMITATIONS*
There are no withdrawal limitations on this account.

*FEES AND CHARGES*
The following fees are waived on this account:

  • Monthly maintenance fee
  • Foreign ATM withdrawals (other banks may charge a surcharge for using their machines)

*ADDITIONAL DISCLOSURE INFORMATION*

  • You must have a deposit made by an Electronic Funds Transfer Service at least once every sixty (60) days. If you fail to maintain a direct deposit service, your account will be converted to a Free for All Demand Deposit Account. The Free for All account is non-interest bearing. With this conversion, all benefits unique to the Direct Deposit Checking account will no longer be available and waived fees are restricted to four (4) foreign ATM withdrawals per month.
  • Each day’s transactions are deducted from this account in the following order. We reserve the right to change this order upon proper notice to you:
    • First: VISA® check card (POS and ATM)
    • Second: Preauthorized electronic debits (ACH)
    • Third: Checks accepted at our Financial Centers, in check number order
    • Fourth: Checks from all other sources, in check number order on the day the Bank receives them
  • This account consists of a checking sub-account and a savings sub-account. The Bank may periodically transfer funds between these two sub-accounts. On the sixth transfer during the calendar month, any funds in the savings sub-account will be transferred back to the checking sub-account. If your account is interest bearing, your interest calculation will remain the same. If your account does not earn interest, the savings sub-account will not earn interest. The savings sub-account will be governed by the rules governing the Bank’s other savings accounts. This process will not affect your available balance, the interest you may earn, FDIC insurance protection, or your monthly statement.
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Free-For-All Checking Account

Date: 11/21/2019
Account Type:  Free for All Checking

*INTEREST*
This product does not earn interest

*MINIMUM BALANCE REQUIREMENTS*
A minimum deposit of $25.00 is required to open this account.  There is no minimum balance requirement for this account.

*ADDITIONS TO ACCOUNT*
There are no deposit limitations on this account.

*TRANSACTION LIMITATIONS*
There are no withdrawal limitations on this account.

*FEES AND CHARGES*
The following fees are waived on this account:

  • Monthly maintenance fee
  • Online bill payment
  • Fee for four foreign ATM withdrawals (other banks may charge a surcharge for using their machines)

*ADDITIONAL DISCLOSURE INFORMATION*

  • Each day’s transactions are deducted from this account in the following order. We reserve the right to change this order upon proper notice to you:
    • First: VISA® check card (POS and ATM)
    • Second: Preauthorized electronic debits (ACH)
    • Third: Checks accepted at our Financial Centers, in check number order
    • Fourth: Checks from all other sources, in check number order on the day PeoplesBank receives them
  • This account consists of a checking sub-account and a savings sub-account. PeoplesBank Bank may periodically transfer funds between these two sub-accounts. On the sixth transfer during the calendar month, any funds in the savings sub-account will be transferred back to the checking sub-account. If your account is interest bearing, your interest calculation will remain the same. If your account does not earn interest, the savings sub-account will not earn interest. The savings sub-account will be governed by the rules governing PeoplesBank’s other savings accounts. This process will not affect your available balance, the interest you may earn, FDIC insurance protection, or your monthly statement.
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Money Market Savings Account

Date: 11/21/2019
Account Type: Money Market Savings Account

Tiers: Current Interest Rate Current Annual Percentage Yield
$1,000 - $9,9990.10%0.10%
$10,000 - $24,999 0.25% 0.25%
$25,000 - 74,999 0.35%0.35%
$75,000 + 0.50%0.50%

*VARIABLE RATE INFORMATION*
The interest rate and annual percentage yield may change.

*DETERMINATION OF RATE*
At our discretion we may change the interest rate on your account.

*FREQUENCY OF RATE CHANGE*
We may change the interest rate on your account at any time.

*COMPOUNDING AND CREDITING*
Interest will be compounded and credited to the account monthly.

*MINIMUM BALANCE REQUIREMENTS*

  • A minimum deposit of $500.00 is required to open this account.
  • A minimum daily balance of $1,000.00 is required to avoid a monthly service charge.
  • A minimum collected balance of $1,000.00 is required to obtain the disclosed annual percentage yield.

*BALANCE COMPUTATION METHOD*
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day.

*ACCRUAL ON NON-CASH DEPOSITS*
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example: checks).

*ADDITIONS TO ACCOUNT*
There are no deposit limitations on this account.

*TRANSACTION LIMITATIONS*
Preauthorized transfers from this account are limited to six (6) per month or statement cycle.  If you continue to make transactions in excess of these limitations, we may be forced to transfer your funds to a checking account.  Preauthorized transfers by definition include:

  • Transfers between PeoplesBank accounts
  • Telephone and internet transfers between PeoplesBank accounts and to third parties
    • ACH transactions
    • Checks
    • Point-of-sale transactions

*FEES AND CHARGES*

  • A monthly service charge of $10.00 will be imposed if the balance in the account falls below $1,000.00 any day during the statement cycle.
  • An excessive transaction fee of $10.00 will be charged for each transaction exceeding six (6) in a statement cycle.  The six (6) transaction limitation includes any combination of the following:
    • Preauthorized transfers between PeoplesBank accounts
    • Telephone and internet transfers between PeoplesBank accounts and to third parties
    • ACH transactions
    • Checks
    • Point-of-sale transactions

*ADDITIONAL DISCLOSURE INFORMATION*

  • You must maintain a checking account with PeoplesBank to qualify for this offering.
  • We reserve the right at any time to require not less than seven (7) days’ notice in writing before any withdrawal is made from an interest bearing account.
    • First: VISA check card (POS and ATM)
    • Second: Preauthorized electronic debits (ACH)
    • Third: Checks accepted at our Financial Centers, in check number order
    • Fourth: Checks from all other sources, in check number order on the day PeoplesBank receives themEach day’s transactions are deducted from this account in the following order.  We reserve the right to change this order upon proper notice to you
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PrimeTime Checking Account

Date: 11/21/2019
Account Type: PrimeTime Checking

Current Interest Rate: 0.01%  Current Annual Percentage Yield:  0.01%

*VARIABLE RATE INFORMATION*
The interest rate and annual percentage yield may change.

*DETERMINATION OF RATE*
At our discretion we may change the interest rate on your account.

*FREQUENCY OF RATE CHANGE*
We may change the interest rate on your account at any time.

*COMPOUNDING AND CREDITING*
Interest will be credited and compounded to this account monthly.

*MINIMUM BALANCE REQUIREMENTS*

  • A minimum deposit of $25.00 is required to open this account.
  • A minimum daily balance of $300.00 is required to avoid a monthly service charge.
  • A minimum collected balance of $.01 is required to obtain the disclosed annual percentage yield.

*BALANCE COMPUTATION METHOD*
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day.

*ACCRUAL ON NON-CASH DEPOSITS*
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example: checks).

*ADDITIONS TO ACCOUNT*
There are no deposit limitations on this account.

*TRANSACTION LIMITATIONS*
There are no withdrawal limitations on this account.

*FEES AND CHARGES*

  • A monthly service charge of $3.00 will be imposed if the balance in the account falls below $300.00 any day during the statement cycle.
  • The following fees are waived on this account:
    • Check printing charge, if you use our selected check style
    • Signature guarantee fee
    • Fee for four foreign ATM withdrawals (other banks may charge a surcharge for using their machines
    • Overdraft protection transfer fee from other PeoplesBank accounts

*ADDITIONAL DISCLOSURE INFORMATION*

  • The PrimeTime Checking Account is available to accountholders 50 years of age or older.
  • Each day’s transactions are deducted from this account in the following order.  We reserve the right to change this order upon proper notice to you:
    • First: VISA check card (POS and ATM)
    • Second: Preauthorized electronic debits (ACH)
    • Third: Checks accepted at our Financial Centers, in check number order
    • Fourth: Checks from all other sources, in check number order on the day PeoplesBank receives them
  • This account consists of a checking sub-account and a savings sub-account.  PeoplesBank may periodically transfer funds between these two sub-accounts.  On the sixth transfer during the calendar month, any funds in the savings sub-account will be transferred back to the checking sub-account.  If your account is interest bearing, your interest calculation will remain the same.  If your account does not earn interest, the savings sub-account will not earn interest.  The savings sub-account will be governed by the rules governing PeoplesBank’s other savings accounts.  This process will not affect your available balance, the interest you may earn, FDIC insurance protection, or your monthly statement.
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Seasons Club Account

INTEREST RATE: 0.03%
APY: 0.03%
NOTE: In this disclosure, Annual Percentage Yield is abbreviated as “APY”.

*VARIABLE RATE INFORMATION*
The interest rate and annual percentage yield may change.

*DETERMINATION OF RATE*
At our discretion we may change the interest rate on your account.

*FREQUENCY OF RATE CHANGE*
We may change the interest rate on your account at any time.

*COMPOUNDING AND CREDITING*
Interest will be credited to the account annually.

*MINIMUM BALANCE REQUIREMENTS*

  • A minimum deposit of $5.00 is required to open this account.
  •  A minimum collected balance of $5.00 is required to obtain the disclosed annual percentage yield.

*BALANCE COMPUTATION METHOD*
The daily balance method is used to calculate the interest on this account.  This method applies a daily periodic rate to the principal in the account each day.

*ACCRUAL AND NONCASH DEPOSITS*
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example: checks).

*ADDITIONS TO ACCOUNT*
There are no deposit limitations on this account.

*TRANSACTIONS LIMITATIONS*
At the end of your selected cycle, a check will be mailed to you or the account balance will be automatically credited to the checking or savings account of your choice,

This account can be reactivated by making a deposit of at least $5.00 within 60 days of the account disbursement date.

Preauthorized transfers from this account are limited to six (6) per month or statement cycle.  If you continue to make transactions in excess of these limitations, we may be forced to transfer your funds to a checking account.  Preauthorized transfers by definition include:

  • Transfers between PeoplesBank accounts
  • Telephone and internet transfers between PeoplesBank accounts and to third parties
  • ACH transactions
  • Checks
  • Point-of-sale transactions

*FEES AND CHARGES*
A $15.00 charge will be imposed for any withdrawals prior to your selected account disbursement date.

ADDITIONAL DISCLOSURE INFORMATION
We reserve the right at any time to require not less than seven (7) days’ notice in writing before any withdrawal is made from an interest bearing account.

Service Pricing Schedule
Account ServicesCost ATM/Debit Card Services Cost
Statement Copy$5.00Transations at PeoplesBank ATMs Free
Account Sweeps$7.00 per TransactionTransations at Sheetz/Rutter’s ATMsFree
Excessive Transaction Fee Balance Inquiry/Transfers/Withdrawal $1.50
Savings$5.00 Each ItemPoint of Sale Transations as Credit Free
All Money Market Accounts $10.00 Each ItemPoint of Sale Transations as Debit Free
Signature Guarantee $5.00Replacement Card $5.00
Check/Image/Account Activity Copies $1.00 each
Account Reconcilement/Research$25.00 per hour/1 hour min.Cash/Check/Other Services
Premature Account Closure Fee $100.00 if closing within 90 days of openingCashier’s Check $10.00
Dormant Account Fee $5.00 per month, after two yearsCounter/Temporary Checks $2.00 each
Undeliverable Mail $5.00 after 3rd statement cycleCashing Non-Client Checks$10.00 plus 2% of value
IRA Transfer $25.00Overdraft/Insufficient Funds$36.00* all types
Tax Levy $125.00 per noticePhotocopy/Fax $1.00 per page
Garnishment $125.00 plus cost, per noticeNight Depository Lost Key$5.00
Writ of Execution $75.00 per occurrenceChargeback/Returned Items$10.00
Stop Payment$32.00
Safe Deposit Box Fees Due annuallyCheck Collection - Domestic$15.00 plus postage
2 x 5 $22.00Notary FreeFree
2.5 x 5$25.00
3 x 5 $30.00Bonds
4 x 5 $35.00Coupon redemption $5.00 per envelope
5 x 5 $45.00Coupon return $10.00 per envelope
3 x 10 $55.00Indemnity Bond $10.00 plus cost
5 x 10 $75.00
7 x 10 $95.00Wire Services
10 x 10 $115.00Incoming Domestic $15.00
Key replacement $20.00Incoming International $25.00
Box drilling $35.00 plus cost to drill and replace lockOutgoing Domestic $25.00
Outgoing International $50.00
Internet Banking Services
Internet Banking FreeForeign Services
Retail Internet Bill PaymentFreeForeign Currency OrderingCost plus $15.00
Bill Payment Check Copies12 free per yearForeign Check Cash Letter—Canada Cost plus $15.00
Non-Personal Internet Bill Payment$4.95 per month with 15 free paymentsForeign Check Cash Letter—All Others Cost plus $15.00
$0.50 per payment thereafterForeign Check Collection Cost plus $15.00
* Applies to overdrafts created by check, in‐person withdrawal, ATM withdrawal, or other electronic means.
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Terms and Conditions, Privacy Disclosure, & Notice of ATM/Night Deposit Facility User Precautions

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