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Interest Bearing Checking Account

Interest Bearing Checking AccountThis is the checking account you should choose if you have extensive financial needs. It offers the highest level of benefits designed to save you money and further your financial goals.

You will have access to Internet Banking, Bill Pay and access to a Mastercard® Debit Card. You can make unlimited deposits while earning interest on your funds.

Interest Bearing Checking Account Benefits & Features

Minimum Balance to Open
$1,000 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 $1,000.00.

Rate Information
At our discretion, we may change the interest rate for this account. 

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 $1,000.00 in your account each day to obtain the disclosed annual percentage yield.

Unlimited Deposits
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
Overdraft fees apply to overdrafts created by check, in-person withdrawal, bank service charges, or other electronic means. Overdraft fees may also apply to one-time debit purchases and ATM withdrawals if a consumer opted-in to overdraft services at Peoples State Bank. Fees could reduce the earnings on your account.

In accordance with Regulation D, this account is available only to individuals, sole proprietorship, non-profit organizations and governmental units.

  Interest Bearing Checking (Tiered)  
  $1,000.00 Minimum Balance  
  Compounded Monthly  
  Annual Percentage Yield* (APY)
(current as of 12/2020)
$0 to $9,999.99 0.09% 0.09%
$10,000.00 to $49,999.99 0.09% 0.09%
$50,000.00 to $249,999.99 0.09% 0.09%
$250,000.00 to $999,999,999.99 0.09% 0.09%
  *Fees could reduce earnings*  


Please visit your local PSB branch for a current fee schedule. 

DISCLAIMER: Peoples State Bank Stanley Branch in Overland Park currently offers different products and services than what is identified here. The merging of existing services and products at two institutions will take some time but the project is slated to be complete in early 2022. Please visit the Stanley Branch for a listing of current products, rates and fee schedules.

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