2. People's United Bank

People's United Bank


Overview / Commentary
www.peoples.com
203-338-7001
850 Main Street
Bridgeport, CT 06604

People's United Bank is headquartered in Bridgeport and is the largest bank in the state of Connecticut. It is also the 45th largest bank in the nation. It was established in 1988 and as of December of 2018, it had grown to 5,774 employees at 422 locations. People's United Bank has an A+ health rating.

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Reviews (32)

No bounced check fees!

Posted by: wolfluvr | Jun 29, 2015

I have been with People's for about 5 years or so. There are times, very few though still times, that I have made a mistake on my account. Whether it was forgetting to subtract a withdrawal or a check. Needless to say, I ended up with a negative balance. I do have money direct deposited every month. And several times they did not charge me a bounced check fee. I know they don't if the negative amount is less than $5.00, but a couple times it was a little over the $5.00 maximum.

1

Call Center

Posted by: Djc | Feb 7, 2019

Have been with Peoples United for about 15yrs. Generally I am pleased however, I have observed that in the last year, the call center is never available and always requires a lengthy wait for a return call from a representative. It appears that with all things, the bottom line is more important than customer service

1

Fine Print Gets You Every Time

Posted by: weiss800 | Oct 3, 2018

they were advertising a bonus of $300 if you set up direct deposit.....unfortunately you had to have $75000 on deposit to avoid monthly fees of $30. Found this out when I went in with my wife to open the account. Interestingly, I said that I had made a mistake, and the rep told me that I didn't make a mistake, I hadn't been told until I sat down!

I see it as a mistake on my part, but wow, what an admission on their part!

Did not open account.

1

Check Your Pockets When Leaving This Bank

Posted by: kdc | Sep 13, 2018

Don't die with a checking account at People’s United Bank. They'll continue milking your account with service fees even after death. My brother-in-law was being charged $30.00 a month in checking account fees. After he died, we notified the bank TWICE--once even going into a branch with the death certificate. We explained it would take several months for us to get through probate before we could close the account. They reassured us that, even while fees were still being charged, they would be refunded when we closed the account. Four months--and $120--later, no refund. Seems like no one ever bothered recording that he had died. Now we're told there is no recourse. Not exactly a "People" friendly bank.

5
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Health
A+

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #27334
Year Established1988
Employees5774
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD8.22%
Annual Interest Income$1.58B
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$47.60B$44.20B
LoansQ4 2018vs Q4 2017$35.01B$32.39B
DepositsQ4 2018vs Q4 2017$36.48B$33.45B
Equity CapitalQ4 2018vs Q4 2017$6.49B$5.69B
Loan Loss AllowanceQ4 2018vs Q4 2017$240.4MM$234.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$212.4MM$172.8MM
Real Estate OwnedQ4 2018vs Q4 2017$14.2MM$16.9MM
Rates
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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 cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

People's United Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1-Premier Business Savings
0.05%*$100k*-Business Savings
OTHER TIERS: 0.02% → $1 - $100k
0.05%$1-Business Advantage Savings
0.05%$1-Non-Profit Business Savings
0.02%$1-Business Statement Savings
0.02%$1-Municipal Savings
0.02%$1-Escrow Business Savings
0.02%--Plus Savings
0.02%--Advantage Savings
0.02%--Premier Advantage Savings

People's United Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Escrow Business Money Market
OTHER TIERS: 0.15% → $1 - $50k | 0.20% → $50k - $100k
0.30%*$75k*-Premier Advantage Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $75k
0.25%*$75k*-Business Advantage Money Market
OTHER TIERS: 0.05% → $1 - $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $75k
0.25%*$100k*-Non-Profit Money Market
OTHER TIERS: 0.05% → $1 - $10k | 0.10% → $10k - $50k | 0.15% → $50k - $75k | 0.20% → $75k - $100k
0.25%*$100k*$10mPremier Business Money Market
OTHER TIERS: 0.20% → $1+
0.25%*$3m*-Municipal Money Market
OTHER TIERS: 0.10% → $1 - $100k | 0.20% → $100k - $3m
0.25%*$75k*-Advantage Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $75k
0.20%*$100k*-Business Money Market
OTHER TIERS: 0.05% → $1 - $10k | 0.10% → $10k - $50k | 0.15% → $50k - $100k
0.20%*$100k*-Plus Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $50k | 0.15% → $50k - $100k
0.10%*$10k*-Client Escrow Money Market Checking
OTHER TIERS: 0.08% → $1 - $10k
0.10%*$1m*-Municipal Escrow Money Market Checking
OTHER TIERS: 0.05% → $1 - $1m

People's United Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$100k*-Escrow Checking with Interest
OTHER TIERS: 0.02% → $1 - $100k
0.02%$1-Business Checking with Interest
0.02%$1-Non-Profit Business Checking with Interest
0.02%$1-Municipal Checking with Interest
0.02%--Premier Advantage Checking

People's United Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.70%--18 Month Plus CD
2.50%--1 Year Plus CD
1.00%--5 Year Plus CD
1.00%$1-Business Advantage 5 Year CD
0.90%--4 Year Plus CD
0.90%$1-Business Advantage 4 Year CD
0.85%$1-Business 5 Year CD
0.85%$1-Business 8 Year CD
0.80%--3 Year Plus CD
0.80%$1-Business Advantage 3 Year CD
0.75%$1-Business 4 Year CD
0.70%$1- Business 4 Year Bump-Up CD
0.65%$1-Business 3 Year CD
0.65%$1-Business 3 1/2 Year CD
0.61%$1-Business 4 Year Variable Rate CD
0.60%--2 Year Plus CD
0.56%$1-Business 2 Year Variable Rate CD
0.56%$1-Business 3 Year Variable Rate CD
0.50%$1-Business 2 1/2 Year CD
0.40%--15 Month Plus CD
0.40%$1-Business Advantage 18 Month CD
0.40%$1-Business Advantage 2 Year CD
0.35%$1-Business Advantage 2 Year Bump-Up CD
0.35%$1-Business Elite 271 to 365 Day CD
0.30%$1-Business 18 Month CD
0.30%$1-Business 21 Month CD
0.30%$1-Business 2 Year CD
0.30%$1-Business Advantage 1 Year CD
0.30%$1-Business Advantage 15 Month CD
0.30%$1-Premier Business 1 Year CD
0.25%--11 Month Plus CD
0.25%$1- Business 2 Year Bump-Up CD
0.20%--10 Month Plus CD
0.20%$1-Business 1 Year CD
0.20%$1-Business 15 Month CD
0.20%$1-Business Advantage 10 Month CD
0.20%$1-Premier Business 60 Day CD
0.20%$1-Premier Business 3 Month CD
0.20%$1-Premier Business 6 Month CD
0.20%$1-Premier Business 9 Month CD
0.20%$1-Business Elite 31 to 60 Day CD
0.20%$1-Business Elite 61 to 90 Day CD
0.20%$1-Business Elite 91 to 180 Day CD
0.20%$1-Business Elite 181 to 270 Day CD
0.20%$1-Municipal 181 to 365 Day CD
0.20%$1-Premier Municipal 181 to 365 Day CD
0.15%--91 Day Plus CD
0.15%--4 Month Plus CD
0.15%--5 Month Plus CD
0.15%--6 Month Plus CD
0.15%--7 Month Plus CD
0.15%--8 Month Plus CD
0.15%--9 Month Plus CD
0.15%$1-Business 10 Month CD
0.15%$1-Business Advantage 30 Day CD
0.15%$1-Business Advantage 60 Day CD
0.15%$1-Business Advantage 91 Day CD
0.15%$1-Business Advantage 4 Month CD
0.15%$1-Business Advantage 6 Month CD
0.15%$1-Business Advantage 9 Month CD
0.15%$1-Premier Business 30 Day CD
0.15%$1-Business Elite 7 to 30 Day CD
0.15%$1-Municipal 31 to 60 Day CD
0.15%$1-Municipal 61 to 90 Day CD
0.15%$1-Municipal 91 to 120 Day CD
0.15%$1-Municipal 121 to 150 Day CD
0.15%$1-Municipal 151 to 180 Day CD
0.15%$1-Premier Municipal 31 to 60 Day CD
0.15%$1-Premier Municipal 61 to 90 Day CD
0.15%$1-Premier Municipal 91 to 120 Day CD
0.15%$1-Premier Municipal 121 to 150 Day CD
0.15%$1-Premier Municipal 151 to 180 Day CD
0.10%$1-Business 30 Day CD
0.10%$1-Business 60 Day CD
0.10%$1-Business 91 Day CD
0.10%$1-Business 3 Month CD
0.10%$1-Business 4 Month CD
0.10%$1-Business 5 Month CD
0.10%$1-Business 6 Month CD
0.10%$1-Business 9 Month CD
0.10%$1-Municipal 7 to 30 Day CD
0.10%$1-Premier Municipal 7 to 30 Day CD
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