Business Savings | Peoples Bank Of Commerce

In today’s business environment, it is essential to maximize the productivity of every aspect of your business, especially the cash in your business accounts. At Peoples Bank, our savings accounts can help you achieve this objective.

Commercial Prime Savings

An option for a readily accessible interest-bearing account is a Commercial Prime Savings account. It carries a variable tiered interest rate and provides the opportunity to withdraw and deposit funds throughout the month.

Features:

$1,000 minimum balance
$2 monthly service fee if balance falls below min.
$1,000 minimum deposit to open
3 free withdrawals per month; $1 each additional¹
Variable tiered interest rate
ATM Card available with business checking account
Free bizConnect Online Banking
Convenient quarterly statements

Business Preferred High-Yield Money Market

A high-yield money market account for businesses that want to earn a higher rate of interest on their funds, but prefer an FDIC insured product over the stock market.

Features:

$10,000 minimum balance
$30 monthly service fee if balance falls below min.
$10,000 minimum balance to open
6 free withdrawals per month; $10 each additional¹
Variable interest rate
Free bizConnect Online Banking
Convenient month-end statements

¹Federal regulations require banks to limit the way withdrawals may be made from a savings or money market account. Preauthorized withdrawals (transfer by telephone, wire or PC, overdraft protection, or automatic payments) and transfers or withdrawals by check or similar order payable to third parties are limited to a combined total of six per month. If withdrawal limitations are exceeded three times in 12 months, the account will be closed or converted to a checking account.

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Charter Office

234 East First Ave,
PO Box 592
Cambridge, MN 55008
763.689.1212