Business Savings

If your business has excess operating balances to set aside for purchases, payments or seasonal needs, we offer several options that allow your business to earn a competitive interest rate on these available funds.

Business Savings Account

  • Interest compounded daily and paid monthly on collected balances
  • Online Banking and telephone banking access
  • Free MasterMoneyTM Business Card
  • Non-Profit, Escrow, Advantage and Premier options available
  • FDIC insured

Monthly Maintenance

People’s United Bank will waive the $5 monthly maintenance fee if your average daily balance is $500 or greater.

Business Money Market

This account may be the right choice if your business maintains higher balances and you want to combine liquidity with competitive rates.

  • Tiered interest rates that earn higher yields with higher balances
  • Interest compounded daily and paid monthly on collected balances
  • Online Banking and telephone banking access
  • Nonprofit, Escrow, Advantage and Premier options available
  • Jumbo Money Market option available for balances of $100,000 or more
  • FDIC insured up to #250,000

Monthly Maintenance

People’s United Bank will waive the $10 monthly maintenance fee if your average daily balance is $2,500 or greater.

Certificates of Deposit (CDs)

CDs are the best choice if you want a competitive, fixed rate of interest and do not need to frequently withdraw funds from your account. There are no monthly maintenance fees associated with Certificates of Deposits. 

  • Flexible terms for Commercial or Business CDs
  • High rates of interest for longer terms

To apply, stop by one of our conveniently located branches.

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