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Business Checking

A regular business checking account with no minimum balance and no maintenance fees.

  • No minimum balance required
  • FREE E-statements
  • FREE Online Banking and Bill Pay
  • FREE Mobile App
  • FREE Monthly Paper Statement
  • FREE Zippered Money Bags
  • Unlimited number of deposits
  • Business Mastercard® Debit Card with custom limit options
  • Night depository available at all branch locations

Fees and Charges

The following fees and charges apply to this account:

  • Overdraft Charge: $30.00/item
    • Maximum overdraft charge per day: $180.00
    • No Charge for overdraft items less than $5.00
    • No charge if your account balance is between -$5.00 and $0.00
  • Return Check Charge: $30.00/item (maximum $180.00 per day)
  • Stop Payment/Renewal: $15.00/per request
  • Paper Statement/Extra Statement: $10.00/statement
  • Telephone Transfer: $2.00
  • Automatic Transfer Overdraft Charge (per transfer): $5.00
  • Account Reconciliation/Research: $30.00/hour (1 hour minimum)
  • Check fees may vary depending on the style and quantity ordered.

The following additional terms apply to this account: A dormant fee of $2.00 will be charged each month on balances below $25.00 if for one year (previous) there has been no activity or other indication in writing from you of an interest in this account.

If your account is closed with a negative balance a $25.00 fee will be applied to the negative balance amount.

Business Interest Checking

This account is ideal for any business with moderate transaction volume and is an interest bearing with no maintenance fees.

  • FREE E-statements
  • FREE Online Banking and Bill Pay
  • FREE Mobile App
  • FREE Zippered Money Bags
  • Unlimited number of deposits
  • Night depository available at all branch locations

Account Requirements

  • Minimum Balance $10,000
  • Minimum deposit of $10,000 required to open account

Fees and Charges

The following fees and charges apply to this account:

  • Failure to meet minimum Balance any day in the statement period: $15.00
  • Overdraft Charge: $30.00/item
    • Maximum overdraft charge per day: $180.00
    • No Charge for overdraft items less than $5.00
    • No charge if your account balance is between -$5.00 and $0.00
  • Return Check Charge: $30.00/item (maximum $180.00 per day)
  • Stop Payment/Renewal: $15.00/per request
  • Extra Statement: $4.00/statement
  • Telephone Transfer: $2.00
  • Automatic Overdraft Transfer Charge (per transfer): $5.00
  • Account Reconciliation/Research: $30.00/hour (1 hour minimum)
  • Check fees vary depending on style and quantity ordered

Additional Terms

  • Interest Accrues monthly; compounds monthly; credits monthly
    • At our discretion we may change the interest rate on your account.
  • If the account is closed prior to interest posting: Interest is forfeited.

The following additional terms apply to this account: A dormant fee of $2.00 will be charged each month on balances below $25.00 if for one year (previous) there has been no activity or other indication in writing from you of an interest in this account.

If your account is closed with a negative balance a $25.00 fee will be applied to the negative balance amount.

 


Business Checking Account Rates

Rates as of July 28, 2021

Account NameInterest RateAnnual Percentage Yield (1APY)Minimum deposit to open accountMinimum balance required to earn interest
Business Interest Checking 0.15% 0.15% $10,000 $0 - $50,000

no

0.20% 0.20% - $50,000.01 - $150,000

no

0.25% 0.25% - $150,000.01 & Over

1APY = Annual Percentage Yield; fees could reduce earnings on accounts.

Interest rates and annual percentage yields are current as of the effective date at the top of this rate sheet. Interest rates are subject to change.  The minimum deposit to open account amounts is the minimum balance required to earn the Annual Percentage Yield.

Business Savings

Set funds aside to grow your business.

  • No minimum balance required

Fees and Charges

The following fees and charges apply to this account:

  • Overdraft Charge: $30.00/item
    • Maximum overdraft charge per day: $180.00
    • No Charge for overdraft items less than $5.00
    • No charge if your account balance is between -$5.00 and $0.00
  • Return Check Charge: $30.00/item (maximum $180.00 per day)
  • Telephone Transfers: $2.00/ Transfer
  • Automatic Overdraft Transfer Charge (per transfer): $5.00
  • Extra Statement: $10.00/statement
  • Account Reconciliation/Research: $30.00/hour (1 hour minimum)

Additional Terms:

  • Interest Accrues quarterly, compounds quarterly, credits quarterly
    • At our discretion we may change the interest rate on your account.
  • If the account is closed prior to interest posting: Interest is forfeited.

The following additional terms apply to this account: A dormant fee of $2.00 will be charged each month on balances below $25.00 if for one year (previous) there has been no activity or other indication in writing from you of an interest in this account.

If your account is closed with a negative balance a $25.00 fee will be applied to the negative balance amount.


Business Savings Account Rate

Rates as of July 28, 2021

Account NameInterest RateAnnual Percentage Yield (1APY)Minimum balance required to earn interest
Business Savings 0.10% 0.10% $0

1APY = Annual Percentage Yield; fees could reduce earnings on accounts.

Interest rates and annual percentage yields are current as of the effective date at the top of this rate sheet. Interest rates are subject to change.

Health Savings Account

Put money aside for those unexpected medical expenses.

A Health Savings Account (HSA) is a specialized savings account that works hand in hand with your employer-sponsored high deductible health insurance plan (HDHP), allowing greater flexibility over how you use your health care dollars.

Qualified individuals may open an HSA and make pre-tax contributions to the account. Distributions are tax-free if the proceeds are used for qualified medical expenses.

  • Mastercard® Debit Card
  • No minimum balance
  • Online Banking
  • Interest bearing
  • Unlimited transactions

Additional Terms:

  • Interest Accrues monthly; compounds monthly; credits monthly
    • At our discretion we may change the interest rate on your account.
  • If the account is closed prior to interest posting: Interest is forfeited.

 


HSA Account Rates

Rates as of July 28, 2021

Account NameInterest RateAnnual Percentage Yield (1APY)Minimum balance required to earn interest
Health Savings Account 0.05% 0.05% 2$100

1APY = Annual Percentage Yield; fees could reduce earnings on accounts.

2You must maintain a minimum balance of $100 in the account each day to obtain the disclosed annual percentage yield.

Interest rates and annual percentage yields are current as of the effective date at the top of this rate sheet. Interest rates are subject to change.

PSB Debit Card

The Peoples Savings Bank Debit Card gives you the convenience of an ATM card that works like a check! Your Debit Card can be used to make purchases worldwide – anywhere the Debit MasterCard® is accepted.

MoneyPass®

PSB is a member of the MoneyPass® network.  This means you can use your PSB Debit at over 37,000 ATMs without being charged a fee.  Visit MoneyPass.com  to locate an ATM near you.

Your Way Rewards

Every time you use your debit card as a CREDIT PSB will give 5 cents to a local school district or charity of your choosing and 5 cents back to the customer.

Learn more about Your Way Rewards

RoundUp Savings

When you enroll in the PSB RoundUP Savings (RUS) service, we round up the amount of any PSB debit card purchase to the next whole dollar amount (plus any additional amount you select) and transfer the excess amount from your Checking Account to your Savings Account.

Contact your local branch to enroll.

Commercial Credit Card

 We make it easy to choose the credit card that is right for you. Our Business MasterCard® is available in two options – Standard Card with no annual fee, or the Preferred Points Rewards Card.

Contact Us to Apply.

Secure your important documents and valuables in a PSB Safe Deposit Box.

Box SizeAnnual Rent1
2x5 $15.00
3x5 $15.00
4x5 $20.00
5x5 $20.00
3x10 $25.00
5x10 $40.00
7x10 $50.00
10x10 $60.00

Boxes are available at the following locations: Hermann, Rhineland, New Florence, Montgomery City, New Haven, WingHaven, Clarksville, Bowling Green, Troy, & St. Peters.

Not all box sizes are available at all locations.

1Annual rent is due April 1st of each year.

Contents are not FDIC Insured

Online Bill Pay

With Peoples Savings Bank Bill Pay you can pay your bills all at once, all in one place. Online Bill Pay is quick, convenient, and secure. As a business customer you can pay vendors, utilities, rent, etc., and make payments automatically on the date you select.

Enrolling in Bill Pay is simple! Log in to your existing Peoples Savings Bank online account or mobile app and select Bill Pay.

Mobile Deposit

Skip the trip to the bank by depositing checks on our PSB Mobile App. With a standard daily limit of $2,000.00 (can be increased upon approval) and an unlimited amount of checks. All checks deposited before 2:00 p.m. will be credited to your account on the same business day.

Commercial Cash Management1

Commercial Cash Management gives you the option to offer direct deposit to your employees. You can submit payroll for your entire business, weekly, bi-weekly, or monthly. Cash Management is an added service to your existing online banking account.

Remote Deposit Capture1

Remote Deposit Capture will allow the commercial customer the convenience of making deposits without ever leaving the office. You will simply place the checks in the Remote Deposit Capture machine and transmit them electronically to the bank. Deposits can be made until 5 p.m. daily and will process on any banking business day.

Commercial Credit Cards1

We make it easy to choose the credit card that is right for you. Our Business MasterCard® is available in two options – Standard Card with no annual fee, or the Preferred Points Rewards Card.

Click here to apply.
1This is an added service and additional fees apply for these services.

COMING SOON!