Interest rates on Certificates of Deposit will remain the same until the CD matures. All remaining interest bearing business deposit accounts will convert with the effective interest rate being paid on the account on July 26, 2019, with the exception of Escrow Business Savings which will pay a rate of .05% and Treasury Repurchase Investment which will pay a rate of .15%. Note that rates are subject to change.
IMPORTANT: While your account will earn interest July 27, 2019 through July 29, 2019, your interest rate will not appear in People’s United Bank systems, including business online banking, until July 30, 2019. Your APY will appear in business online banking upon your first statement cycle.