A Business Elite Checking account from Peoples State Bank has more options and flexibility for a growing business. There are more ways to save and to help your manage your cash flow.
You can receive a Mastercard® Debit Card and have access to our Internet Banking which makes it easy to track your spending and pay bills.
There are no monthly maintenance fees and you can make unlimited transactions while earning interest on your funds..
Stop in to one of our 11 locations today to open a Business Elite Checking account!
Business Elite Checking Benefits & Features
Minimum Balance to Open
$10,000 minimum to open the account.
Minimum Balance to Avoid Service Charge
A service charge of $8.33 will be imposed every statement cycle if the average daily balance for the cycle falls below $10,000.00.
Monthly Maintenance/Service Fees
$0 - No maintenance or service fees.
Banking Must Haves
You'll get a Peoples State Bank Mastercard® Debit Card, with access to Internet Banking.
At our discretion, we may change the interest rate for this account. (Please refer to the Rate Chart.)
Compounding and Crediting Frequency
Interest will be compounded and credited to the account monthly.
Daily Balance Computation Method
Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of Interest on Non-Cash Deposits
Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
Minimum Balance to Obtain the Disclosed Annual Percentage Yield
You must maintain a minimum daily balance of $10,000.00 in your account each day to obtain the disclosed annual percentage yield.
You can make an unlimited number of deposits into your account.
Effect of Closing an Account
If you close your account before interest is paid, you will not receive the accrued interest.
Overdraft fees apply to overdrafts created by check, in-person withdrawal, bank service charges, or other electronic means.
|Business Elite Checking (Tiered)|
|$10,000 Minimum Balance|
|$0.00 to $9,999.00||0.45%||0.45%|
|$10,000.00 to $49,999.99||0.46%||0.46%|
|$50,000.00 to $249,999.99||0.47%||0.47%|
|$250,000.00 to $999,999,999.99||0.49%||0.49%|
|*Fees could reduce earnings*|
Click here to view the current fee schedule.