Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts


About half a year ago PUB took over a fantastic bank, Danversbank.  The service was excellent and the rewards checking was a nice account. When they lowered rates they would let you know in advance. Now unfortunately, the customer service over the phone is not the same. I understand that they did not have a rewards checking and that they appear to be phasing it out. They do not provide a heads up on the rates lowering. You unfortunately find it out when you see your interest posted.  They should at least have the courtesy like the other rewards banks I have worked with to give you a heads up prior to the next months posting. I have asked if they would send an email at the beginning of the monthly interest period if the rates are going to be lowered or at a different rate but they said they do not have to.   I wish them well but I expect to look for a more family oriented bank in the near future.

Owen4444 Is Right - It's Time To Leave People's United Bank

I was a Danversbank customer, using the rewards checking account for a number of years. Of course, banks use rewards checking accounts to bring in new accounts and make themselves more attractive for acquisitions, which is exactly what happened with Danvers. 

People's United did indeed lower the rates to a psaltry 0.25%, without providing any notice to customers. This is not a competitive rate and I will of course be moving my money and closing my account this month.

People's United Bank (Bridgeport CT) Is Mediocre In Quality


When People's United Bank (Bridgeport CT)  took over Danver's Bank, it assured its acquired clientele that the terms associated with its  Free Rewards Checking Account would remain the same. Danver's always informed its clientele when an interest rate change was going to go into effect. People's Bank dropped its rate from 2.25% (April 2012) to 2.0% (May 2012) and then from 2.0 % (June 2012) to 0.25%  for the July 2012 cycle without informing any of their clients. Its rude and terse telephone bankers told me yesterday that they have the right to do so as this was the case with Danver's - which is an outright lie! Of course, I am yanking all of my funds from People's in light of this gross misrepresentation and filing a complaint with the Federal Reserve concerning People's deceptive practices. I can only encourage other People's Bank deposit holders to do the same before they are People's next financial victims. The failure to file a complaint is simply blind acceptance of another bank's exploitation of "people" who are struggling to save in difficult economic climate.

One Star Is Too Many.

They just took over Chittenden Bank (New England area), luckly enough they did not fire the original employees at my branches or this place would have no stars.  They have changed all of the policies and now charge for everything.  I can not even view online breakdowns of any transaction (once able to with CB) without a surcharge.  They raised the minimum balance from $100 dollars to $750 - COME ON.  YES, I am changing banks today.



Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 People's United Bank had $374.42 million in non-current loans and owned real-estate with $4.79 billion in equity and loan loss allowances on hand to cover it. This gives People's United Bank a Texas Ratio of 7.82% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for People's United Bank decreased slightly from 9.01% as of December 31, 2012 to 7.82% as of December 31, 2013, resulting in a positive change of 13.18%.This indicates that the balance sheet and financial strength for People's United Bank has improved slightly in recent periods.

Deposit Growth


In the past year, People's United Bank has increased its total deposits by $811.95 million, resulting in 3.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth People's United Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. People's United Bank has $32.97 billion in assets with $4.79 billion in equity, resulting in a capitalization level of 14.52%, which is excellent.

Institution Statistics

FDIC Certificate #27334
Year Established1988
Primary RegulatorOCC
Assets and Liabilities
Assets$32.97 billion
Loans$24.27 billion
Deposits$22.58 billion
Equity Capital$4.60 billion
Loan Loss Allowance$187.86 million
Unbacked Noncurrent Loans$348.38 million
Real Estate Owned$26.04 million
Historic Data - December 2012
Assets$30.09 billion
Equity Capital$4.63 billion
Loan Loss Allowance$188.04 million
Unbacked Noncurrent Loans$348.38 million
Real Estate Owned$27.59 million
Profit Margin - Quarterly
Net Interest Margin3.43%
Return on Assets0.79%
Return on Equity5.36%
Interest Income$1.04 billion
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not People's United Bank, we are a rate comparison website and can not provide official rates or promotions.

People's United Bank CD Rates

1.00%$500-5 Year Plus CD
0.90%$500-4 Year Plus CD
0.80%$500-3 Year Plus CD
0.40%$500-2 Year Plus CD
0.40%$500-18 Month Plus CD
0.30%$500-1 Year Plus CD
0.30%$500-15 Month Plus CD
0.25%$500-11 Month Plus CD
0.20%$500-10 Month Plus CD
0.15%$500-91 Day Plus CD
0.15%$500-4 Month Plus CD
0.15%$500-5 Month Plus CD
0.15%$500-6 Month Plus CD
0.15%$500-7 Month Plus CD
0.15%$500-8 Month Plus CD
0.15%$500-9 Month Plus CD

People's United Bank has 420 locations. Click to view all People's United Bank locations.