Business Savings Accounts

At Peoples Independent Bank, we understand the importance of savings plans to help our commercial customers reach their financial goals or have cash reserves for unexpected emergencies. Therefore, we offer a variety of services to assist you in having the money you need when you need it.

The following savings plans have been designed to help secure your financial future. Stop by today and talk with any of our customer service representatives. We are read t o discuss your individual goals and the best way to achieve them.

All depository relationships are, of course, insured by the Federal Deposit Insurance Corporation (FDIC)

Commercial Savings Account

With an initial minimum deposit of just $100, this account pays the current variable market rate of interest which is compounded quarterly. There is no monthly service charge. Up to six withdrawals can be made each month at no charge. A $1 fee will be assessed for withdrawals in excess of six per month. This account also offers automatic transfer service from other Peoples Independent Bank accounts and direct deposit service at no charge.