A regular business checking account with no minimum balance and no maintenance fees.
Fees and Charges
The following fees and charges apply to this account:
The following additional terms apply to this account: A dormant fee of $5.00 will be charged each month on balances below $200.00 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.
This account is ideal for any business with moderate transaction volume and is an interest bearing with no maintenance fees.
Account Requirements
Fees and Charges
The following fees and charges apply to this account:
Additional Terms
The following additional terms apply to this account: A dormant fee of $5.00 will be charged each month on balances below $200.00 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.
Rates as of July 28, 2021
| Account Name | Interest Rate | Annual Percentage Yield (1APY) | Minimum deposit to open account | Minimum 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.
Set funds aside to grow your business.
Fees and Charges
The following fees and charges apply to this account:
Additional Terms:
The following additional terms apply to this account: A dormant fee of $5.00 will be charged each month on balances below $200.00 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.
Rates as of July 28, 2021
| Account Name | Interest Rate | Annual 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.
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.
Additional Terms:
Rates as of July 28, 2021
| Account Name | Interest Rate | Annual 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.
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.
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.
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
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.
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.
Secure your important documents and valuables in a PSB Safe Deposit Box.
| Box Size | Annual 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
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.
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 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 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.
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.
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